LOS ANGELES, Aug. 17 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC:TNRO) (BULLETIN BOARD: TNRO) , majority owner of two China joint venture companies in the copper and stainless steel industries, today said that the recent price levels for copper, seen substantially as a result of demand for the metal out of China, help position the Company to show strong growth within its copper production business this year. The Copper spot price on the Shanghai Futures Exchange closed at 65,660 Yuan ($8,658) a metric ton last Friday, near previous high levels. China's economy expanded 11.9% in the second quarter from a year earlier, the fastest pace in 12 years, fueling speculation that copper supply may lag behind demand growth in China -- the world's largest consumer of copper. In the first 4 months of 2007, world refined copper usage is estimated to have increased by 10.5% compared to the same period in 2006. Chinese apparent usage grew by 38% during the first 4 months of 2007 compared to the first 4 months of 2006 as net imports of refined copper rose by 270%. China, the world's fastest growing major economy, has spurred a five-year rally in commodity prices. Last year the country consumed four million metric tons of copper, or about 22% of the world's production. That represents an increase from 10% of global consumption a decade ago, according to industry estimates. With forecasts for (China's) consumption of copper, aluminum and other building-block materials indicating a continuation of these levels, mining and metal companies are putting capital into new production. Recent figures for car output and housing construction rates provide further support for China's continued industrial growth. According to industry analysts, the demand for copper, as commonly used in copper wiring for apartment buildings, copper air conditioning parts and copper automotive components, have turned China into the world's largest consumer of copper. Analysts also see rising demand in parts of Europe and the Middle East. Another part of the equation is supply, and over the last two to three years, the increase in supply has been lower than the market was expecting. "The fact that these price levels are occurring during what is traditionally the slow season for copper consumption is a good sign for us," said Mr. George Chua, Chief Operating Officer of Terra Nostra, "particularly when combined with recent reports speculating these increases are largely due to persistent supply gap concerns in China. Our fourth quarter copper revenue rose 17% compared to the same quarter last year. We believe our growth is in part attributable to positioning our Company to benefit from the commodity super cycle." 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 with a 230,000 MT capacity 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$182 million and over 1,000 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/. 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 February, 2007. 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: Mirador Consulting, +1-877-647-2367, or +1-561-989-3600, for Terra Nostra Resources Corporation Web site: http://www.tnr-corp.com/

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