Terra Energy & Resource Technologies Inc. (TEGR)

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NEWS OUT .........................This is acttually a reprint of some older news........................................On September 25, 2006, the Company granted stock warrants to purchase 250,000 shares of the Company's common stock, exercisable for a period of up to five years from the date of grant at $0.21 per share, to each of the following employees:

Ivan Railyan, Chairman of the Board
Roman Rozenberg, Chief Executive Officer Dan Brecher, Managing Director
Dmitry Vilbaum, Chief Operating Officer





Item 3.02 Unregistered Sales of Equity Securities
Each of the issuance and sale of securities described below was deemed to be exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities Act as transactions by an issuer not involving a public offering. No advertising or general solicitation was employed in offering the securities. All recipients either received adequate information about us or had access, through employment or other relationships, to such information.

Reference is made to Item 1.01 of this Report regarding the stock warrants issued by the Company to employees.





Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of PrincipalOfficers
On September 25, 2006, Ivan Railyan, our President and Chairman of the Board, informed the Company that he will cease to serve as President effective September 30, 2006. Mr. Railyan will continue to serve as Chairman. The Board of Directors has appointed Roman Rozenberg, our Chief Executive Officer, to assume the role of President.





Item 9.01 Financial Statements and Exhibits
(c) Exhibits Exhibit Number Description of Exhibit
10.1 Form of Stock Warrant dated September 25, 2006 (Incorporated by reference to Exhibit 10.1 of Form 8-K filed on September 25, 2006)