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http://finance.yahoo.com/news/terra-nova-confirms-status-operator-121500413.html

SINGAPORE, SINGAPORE / ACCESSWIRE / May 26, 2015 / Terra Nova Energy Ltd. ("Terra Nova") (TSX-V: TGC; OTCQX: TNVMF) wishes to confirm that, notwithstanding the termination of the Farm-In Agreement, it remains operator of the joint venture to explore and develop Petroleum Exploration Licenses ("PEL") 112 and 444. By way of a Deed of Assignment and Assumption dated August 25, 2013, in respect of PEL 112, and a Deed of Assignment and Assumption dated February 15, 2014, in respect of PEL 444, (the "Deeds of Assignment") Holloman Energy Corporation ("Holloman") and the minority farmors appointed Terra Nova as operator under the Joint Operating Agreement.

Under the Deeds of Assignment and Assumption, Holloman and the minority farmors also transferred Terra Nova a 25.8333% interest in each of PEL 112 and 444. Subsequently, Terra Nova sold a 5.1666% interest to Perseville Investing Inc. ("Perseville"). As a result, Terra Nova now holds a 20.66% interest in each of PEL 112 and 444.