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Terra Energy & Resource Technologies, Inc. to Strengthen Its Intellectual Property via Technology Acquisition

Letter of Intent Signed With the Institute of Geoinformational Analysis of the Earth

The Letter of Intent calls for the technology acquisition to be effected by September 30, 2008, and to be in exchange for a number of shares of the Company's restricted stock in accordance with value reflected in a fairness opinion to be provided by an independent third party expert appraisal.

"Terra Energy & Resource Technologies, Inc. has initiated efforts to broaden the capabilities and sweep of technologies offered to the exploration industry and to obtain ownership of technologies offered," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies, Inc. "We are in the process of dramatically expanding the Company's intellectual property base, and this is a big first step. The Letter of Intent calls for cancellation of the worldwide exclusive license and, instead, effecting the direct acquisition and full ownership of the technology. We are creating a bank of innovative technologies, and expect to move forward with additional technology acquisitions this year."

"Our active pursuit of new technologies and innovative intellectual property is how we will effect the plan for offering our conceptually new exploration analysis process, for which we already have seen industry interest," said Mr. Vilbaum. "The technology acquisition will also include securing of industry non-compete agreements with scientific and technical personnel."

About Terra Energy & Resource Technologies, Inc.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Corp., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses proprietary satellite-based STeP® (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com.

Safe Harbor for Forward-looking Statements

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations or its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, including but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.