Terra Energy & Resource Technologies Inc. (TEGR)

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9/5~ CPPT Selected By Multi-Billion Dollar Minerals Exploration and Trading Company To Provide STeP Technology For Diamond Exploration in the Republic of Congo

Tuesday September 5, 8:23 am ET

Company to Receive Up-Front and Success Fees and 6% Working Interest in Return For Providing Proprietary Satellite Technology

CompuPrint, Inc. (OTCBB: CPPT), an energy technology company that combines satellite-based technology with traditional exploration services, announced today that its wholly-owned subsidiary Terra Insight Corporation (TIC), has been selected by the Congo exploration affiliate of a multi-billion dollar company to provide its proprietary satellite-based STeP technology to locate diamonds in a more than 1,000 square kilometer area in the Republic of Congo. Under the agreement, TIC will receive a 6% working interest in the area, an up-front fee and a success fee from revenue generated. A campsite to support the exploration activities has already been built within the area.

"We are pleased that a leading minerals exploration, production and trading company has recognized the value that our STeP technology can play in identifying where it is mostly likely to achieve exploration success," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We have already commenced work on the STeP(r) survey of the area and expect to deliver a report on the project shortly. We are optimistic that our STeP(r) technology will be instrumental in locating a pipe yielding diamonds in this area of interest in the Republic of Congo, based upon preliminary indications of the presence of alluvial diamonds in the area. We believe that this may be the first of a number of agreements we can achieve with this family of companies. Moreover, this large on-shore area complements the substantial offshore Namibia parcels for which we recently obtained licenses from the Government of Namibia for diamond exploration."

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides mapping, surveying, and analytical services to exploration, drilling, and mining companies. The Company primarily uses the STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. It manages and interprets geologic and satellite data to develop the assessment of natural resources. Through the Company's wholly owned affiliate, Terra Resources, Inc., the general partner in three limited partnerships we control, the Company owns leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada, and participation in leases in East Texas and in South Texas for purposes of utilizing its STeP(r) technology in oil and gas exploration and development activities. For more information visit http://www.terrainsight.com.

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 plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: 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.


For CompuPrint, Inc.
Terra Insight Corporation
CEOcast, Inc.
Andrew Hellman, 212-732-4300



Source: Business Wire (September 5, 2006 - 7:27 AM EST)


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