LOS ANGELES, Feb. 16 /PRNewswire-FirstCall/ -- China's stainless steel output for 2006 totaled 5.3 million Metric Tonnes, a year over year increase of 67.68%. The National Development and Reform Commission stated last week that this sector is expected to further grow by 8% this year. The NDRC predicts prices to rise gradually in 2007 with a focus mainly on technological upgrades and consolidation. The China Iron and Steel Association also stated that the government announced policies to moderate production capacity and encourage value added products produced in high efficiency mills. Terra Nostra Resources Corporation (OTC:TNRO) (BULLETIN BOARD: TNRO) , with its majority joint venture stake in a modern 230,000 MT stainless steel casting mill in China, along with a 150,000 MT value added rolling mill, is very well positioned to capitalize upon this growing market. Mr. Don Nicholson, CEO of Terra Nostra, states, "We are very excited about our ability to meet demand in this growing and dynamic stainless steel market in China, particularly with the projected continued high economic growth in China." About Terra Nostra Resources Corporation Terra Nostra is one of the leading copper producers in China through its 51% interest in Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd., which has an existing and under construction production capacity of 170,000 MT of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51% interest in Shandong Quanxin Stainless Steel Co. Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill. The two joint venture companies, with total assets exceeding US$ 200 million and having over 800 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at http://www.tnr-corp.com/, or call 1-866-626-0088. Mr. Don Nicholson, CEO. 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 or implications of future earnings, profits, EBIDTA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, 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. DATASOURCE: Terra Nostra Resources Corporation CONTACT: Mr. Don Nicholson, CEO, Terra Nostra Resources Corporation, 1-866-626-0088 Web site: http://www.tnr-corp.com/

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