Teras Provides Update to Shareholders

August 2nd, 2019

Calgary, Alberta--(Newsfile Corp. - August 2, 2019) - Teras Resources Inc. (TSXV: TRA.V) ("Teras" or the "Company") announces that it has entered into a Loan agreement for $500,000. The Loan is secured against the assets of the company and will be repaid on or before January 31, 2020. Teras will provide a 4% interest in its Cahuilla project in return for the Loan. The 4% interest in Cahuilla can be purchased back by Teras at a later date on terms agreeable to both parties. The majority of the proceeds will be used to maintain the Company's lease payments as well as working capital.


Teras is in discussions with numerous companies and individuals on its Cahuilla and Montana projects and will update its shareholders when and if something is transacted.


About Teras
Teras is focused on developing its Cahuilla project located in Imperial County, California. The project encompasses an area of at least 3 km by 1.5 km and Teras believes that the Cahuilla project has the potential to develop into a mining operation consisting of altered and mineralized sedimentary host rocks with numerous sheeted high-grade sheeted quartz veins. Teras filed a NI 43-101 technical report with an indicated resource of 1.0 million ounces of gold and 11.9 million ounces of silver on its Cahuilla project (70 million tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton silver with a cut-off of 0.008 ounces per ton gold) and inferred class of 10 million tons grading 0.011 opt gold and 0.10 opt silver. Gold equivalent ounces are 1.2 million ounces in indicated class and 130,000 ounces in inferred class using a ratio of 55 silver ounces to 1 gold ounce. For further information on the Cahuilla project refer to the NI 43-101 technical report entitled "Cahuilla Property 43-101 Technical Report," filed with Sedar on November 27, 2012.


Dr. Dennis LaPoint, a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and a Director for Teras is the Company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the Company's properties. Dr. LaPoint has reviewed and verified the mining, scientific and technical information contained in this news release. Dr. LaPoint is a registered geologist with the Society of Mining Engineers.


For further project and corporate information, contact:


Teras Resources Inc.
Peter Leger, President
(403) 262-8411
(403) 852-0644
Email: pleger@teras.ca
Website: www.teras.ca

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