Terra Nostra Resources Corp (fka TNROQ)

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Terra Nostra Subsidiary Signs Eight New Contracts for Over 2100 MT of Stainless Steel Billets
Tuesday March 18, 10:01 am ET
Includes 500 MT of 310S Premium Grade

LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced the signing of eight new contracts with new and existing customers for monthly production of over 2100 MT (metric tons) of stainless steel billets per month. These contracts are valued at over $7 million per month, and include 500 MT of continuous cast 310S premium grade stainless steel.

“As part of its continuous quality enhancement programs, Shandong Quanxin Stainless Steel recently completed several technological and operational improvements. We now have both the ability to produce additional grades of high quality stainless steel and to increase overall production,” said Mr. Sun Liu James Po, Terra Nostra’s chief executive officer. “These orders for continuous cast stainless steel billets move us another step closer to our goal of increasing profitability by expanding our mix of higher-margin, higher-value grades,” added Po. “With our continuous casting capability, we have a distinct advantage over other domestic producers and are well positioned to meet the continuing strong demand for high quality grades of stainless steel that has until now generally been met by imports.”

About Terra Nostra Resources Corporation

Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US$225 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%. More information on Terra Nostra can be found at http://www.tnr-corp.com.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to expectations concerning (i) projects underway or under consideration, including production capacity and completion schedules; (ii) business and future potential of Terra Nostra Resources Corporation ("TNRO"); (iii) estimates or implications of future earnings, profits, EBITDA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, and statements related to these matters or which use words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology are all forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further risks, uncertainties and other factors, which affect the forward- looking statements included herein, and could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements include, but are not limited to, completion of TNRO's capital contributions to the joint venture companies, working capital financing, metals price volatility, competition for projects, reserve acquisition costs, currency fluctuations, international economic uncertainty, sovereign risk, force majeure, changes in tax law or concession law, project scheduling delays, labor disputes, increased production costs and variances in ore grade, scrap grade or recovery rates from those assumed in production plans, political and operational risks in the countries in which TNR may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in TNRO's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-QSB for the year ended November 30, 2007. Copies of each filing may be obtained from TNRO or the SEC. Furthermore, metals operation, by their very nature, entail inherent cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNRO does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.


Contact:

Lippert/Heilshorn & Associates
Elric Martinez, 212-383-3777
[e-mail]

Source: Terra Nostra Resources Corporation