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TNRO - Terra Nostra Announces Appointment of President and CEO


2006-12-07 11:09 ET - News Release


LOS ANGELES, Dec. 7 /PRNewswire-FirstCall/ -- The Board of Directors of Terra Nostra Resources Corporation , www.tnr-corp.com, is very pleased to announce the recent appointment of Mr. Donald Nicholson as President and Chief Executive Officer of Terra Nostra, as well as Mr. Nicholson's acceptance to join the Board of Directors.

Mr. Nicholson, P Eng, has held top-level management positions at a number of public and private companies in diverse industries including construction, engineering, ship building, and energy development. His global experiences as a senior executive have included, among others, President and CEO of Yarrows Limited, Executive Vice-President and COO of Wright Engineers Ltd., Senior VP of Commonwealth Construction Ltd, President and CEO of Comstock International Ltd., Vice President of SNC Group, and Vice President of Atomic Energy of Canada Ltd.

Bringing to Terra Nostra a wealth of experience, Mr. Nicholson comments that he is "honored to have the opportunity to take on a leadership role in building upon the strong foundation already established by the Company, and guiding Terra Nostra through the next levels of growth and development." Mr. Nicholson adds "It is truly exciting to become involved with a company that is ideally positioned to prosper from the highly dynamic strategic metals industry, in economically burgeoning China."

About Terra Nostra Resources Corporation

Terra Nostra owns a 51% interest in Shandong Quanxin Stainless Steel Co. Ltd., a state-of-the-art stainless steel production facility that commenced operations in 2006 with the startup of a 180,000 MT casting mill. A 150,000 MT strip rolling line is presently undergoing trial production runs. The Company is also emerging as a leading copper producer in China through its 51% interest in Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd., having existing and under construction production capacity of 170,000 MT of electrolytic copper, as well as value-added copper rods and wire. Both joint venture companies are located in the highly industrialized coastal Province of Shandong, China. More information on the company can be found at www.tnr-corp.com.

Investor Relations: 1-866-626-0088

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 ("TNR"); (iii) estimates of future earnings, and the sensitivity of earnings to metals prices, and; (iv) estimates of future metals production and sales, 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 TNR'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 TNR's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended August, 2006. Copies of each filing may be obtained from TNR or the SEC. Furthermore, metals operation, by their very nature, entail cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNR 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.

Terra Nostra Resources Corporation



CONTACT: Investor Relations: 1-866-626-0088



Web site: http://www.tnr-corp.com/