LOS ANGELES, May 15 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC:TNRO) (BULLETIN BOARD: TNRO) . China's gross domestic product (GDP) grew by an annual average of 9.67 percent from 1978 to 2006, said Ma Kai, the minister of China's National Development and Reform Commission. "The annual growth rate was much higher than that of the world economy, which was about 3.3 percent on average in the same period." "During this time, China beefed up its comprehensive national strength and elevated its international status," said Ma, adding that "the country has become the world's fourth largest economy and third largest trader. The per capita disposable income of urban residents rose from 343 Yuan (US$44), in 1978 to 11,759 Yuan (US$1500) in 2006. Meanwhile, China's budgetary revenues rose from 113.23 billion Yuan to 3.93 trillion Yuan. As it opened wider to the outside world, China received more foreign direct investment than any other developing country for 14 straight years, and by the end of 2006 there were 590,000 foreign-invested firms in China." Terra Nostra Resources Corporation's CEO, Mr. Sun Liu James Po, states, "China's dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today's high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy." Terra Nostra, with its existing and under construction production capacity of 170,000 Metric Tonnes of electrolytic copper, is the 6th largest producer by capacity in China, and the only foreign (United States) majority owned. Terra Nostra's fully operational 230,000 Metric Tonne capacity stainless steel casting facility, also the only foreign majority owned, places the Company as a top ten producer in China. Terra Nostra, by meeting only a minor portion of the annual demand for these two strategic metals, is projected to earn over US$1.4 Billion in fiscal year ending May 2009. About Terra Nostra Resources Corporation Terra Nostra is one of the leading copper producers in China through its 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction production capacity of 170,000 MT (metric tons) 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 percent 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, which Terra Nostra recently entered into an agreement to increase its ownership up to 90%, with total assets exceeding US$200 million and over 1000 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/. Contact: Martin E. Janis & Company, Inc. Bev Jedynak 312-943-1100 ext. 12 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, and statements related to these matters or which use words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology 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 November, 2006. Copies of each filing may be obtained from TNR or the SEC. Furthermore, metals operation, by their very nature, entail inherent 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: Bev Jedynak of Martin E. Janis & Company, Inc., +1-312-943-1100, ext. 12 , Web site: http://www.tnr-corp.com/

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