News

VANCOUVER, June 8, 2010 - Terra Ventures Inc. (TSX-V:TAS) is please to provide an update on the Midwest Northeast Uranium property in which Terra owns a 10% production carried interest. In a press release dated June 8, 2010, Hathor reported:

Hathor Exploration Limited (HAT:TSX-V) announces the highest grade-thickness intersections to date from the Roughrider uranium deposit at it's Midwest Northeast Project in the Athabasca Basin, Saskatchewan. Please visit the Company's website at www.hathor.ca to view updated figures and tables referenced herein. This infill drilling has discovered new mineralization in the west-central part of the deposit. Highlights of assays include:

1. INFILL: Intersections of high grade uranium mineralization BOTH within and below the lower grade outer shell of the Initial Resource Model.
   Drill Hole MWNE-10-204: 7.5 m of 43.64 % U3O8
   Drill Hole MWNE-10-205: 4.5 m of 16.44 % U3O8
   Drill Hole MWNE-10-209: 23.0 m of 24.31 % U3O8, including 9.5 m at 55.91 % U3O8
   Drill Hole MWNE-10-212: 3.5 m of 10.23 % U3O8

2. EXTENSION: Intersections of high grade mineralization adjacent to and outside of the Initial Resource Model. For example:
   Drill Hole MWNE-10-210: 24.5 m of 1.09 % U3O8,
   Drill Hole MWNE-10-214: 15.0 m of 0.44 % U3O8,

Figure 3 and Figure 4 show the importance of the new intersections in Area 2: they confirm significant high grade mineralization in areas classified in the Initial Resource Model as weak or non mineralized. These new intersections emphasize the strength of the mineralizing system at Roughrider and confirm the potential to increase the resource model for the deposit. These results confirm the preliminary scintillometer data released as drilling progressed in Area 2 (see April 15, 2010 NR).

High grade mineralization in Hole 209 is characterized by higher than normal core loss. However, equivalent uranium (eU3O8) data derived from down-hole gamma probe data and geochemical assay data correlate well, as shown in Table 1.

This is the third and final set of assays from the 27,000 metre, 77 hole 2010 winter drill program on the Roughrider uranium deposit at its Midwest Northeast property in the Athabasca Basin in northern Saskatchewan. Figure 1 on the Company's website shows the 400 m strike length potential of the Roughrider uranium deposit and Roughrider East discovery. Figure 2 shows the location of the 47 drill holes completed for 14,978m on the Roughrider deposit this winter. This release covers Areas 2 and 4 shown on Figure 2 . A total of 13 drill holes were completed in Area 2 for approximately 4,368 metres. The holes span grid lines 5 E to 25 E in the west-central part of the deposit. There were only 6 drill holes completed for 1,566 metres in Area 4, the fewest holes in any of the 4 areas. There are no material intersections to report from Area 4, with more drilling yet required to complete it's full evaluation. Supporting geochemical data for both areas are in Table 2 and Table 3.

Included with this release is Table 4, data for uranium intersections in drill hole MWNE-10-211, the final hole yet to be reported in Area 3 of the deposit (see previous NR dated June 02, 2010, with Area 3 results).

As shown on Figure 2, Area 2 includes parts of both the high grade core shell of mineralization (>5% uranium oxide) and the lower grade outer shell of mineralization (<5% uranium oxide), as defined by the Initial NI43-101 compliant resource model ("Initial Resource Model") completed by Scott Wilson Roscoe Postle Associates Inc. (SWRPA) in December, 2009. The report is posted on SEDAR and on the Company's website at www.hathor.ca, and includes all drilling prior to the summer of 2009.

Summary of Area 2 Drill Holes

Line 10E . Line 10E was poorly constrained by drill holes prior to winter 2010: the mineralization on the Initial Resource Model was largely inferred from drill holes off-section. Drill hole 10-217C successfully tested the new shallower zone of mineralization first intersected in drill hole 09-126, which returned 8.0 m of 0.16 % U3O8. Drill holes 10-209, 10-213, 10-216 and 10-219 were all designed to test the mineralization, both low and high grade, inferred based on drill hole intersections off-section or down dip from drill hole 08-022. Drill hole 10-216 intersected three separate zones of mineralization, including a lower zone that returned 24.5 m of 7.13 % U3O8 including 7.0 m of 23.38 % U3O8, which contains visible massive, semi-massive and worm-rock type uranium mineralization. This massive mineralization is within a modelled low grade zone. Drill hole 10-209 intersected a number of mineralized zones including a wide package of high grade mineralization. Although this zone was characterised by increased core loss, up to 60%, the chemical assay results (23.0 m of 24.31 % U3O8) compare well with the calculated equivalent uranium grades obtained from the down hole probe results (23.0 m of 21.60 % eU3O8). Drill hole 10-213 was drilled to try to replicate drill hole 10-209, however due to excessive drill swing, it ended up intersecting a different mineralized zone. On the 10E cross section, drill holes 10-209 and 10-213 appear to be in the same location. In three dimensions, these two drill holes a lateral separation of 5 m. Despite the drill swing, drill hole 10-213 intersected mineralization of up to 16.0 m of 2.0 % U3O8.

Line 20E . Line 20E was poorly constrained by drill holes prior to winter 2010: the mineralization on the Initial Resource Model was largely inferred from drill holes off-section. Drill hole 10-204 targeted the inferred lower grade mineralization that separated two high grade zones as modelled in the Initial Resource Model. This drill hole successfully intersected mineralization that was much stronger than modelled, returning 7.5 m of 43.64 % U3O8. Drill hole 10-205 was designed to test the mineralization, both low and high grade, inferred in the initial resource model. The drill hole successfully intersected several zones of mineralization, including 4.0 m of 16.44 % U3O8. Drill holes 10-210, 10-214, 10-207A were designed to tested the new shallower zone of basement-hosted mineralization was first identified in drill hole 09-126 and subsequently intersected in 10-200A (NR 13 Apr 10). All four drill holes successfully intersected variable amounts of mineralization, including 24.5 m of 1.09 % U3O8 (MWNE-10-210), 15.0 m of 0.44 % U3O8 (MWNE-10-210), and 5.0 m of 0.6 % U3O8 (MWNE-10-207A). In addition to testing the new zone, these drill holes also successfully tested a low grade mineralization inferred win the initial resource model. Drill hole 10-210 intersected the strongest and widest interval of radioactivity. This entire interval was outside any previously modelled zone and returned 24.5 m of 1.09 % U3O8.

Summary of Area 4 Drill Holes

Line 90E. Drill hole 10-201 was designed to test for down-dip continuation of high grade mineralization intersected in 09-088, this drill hole did intersect thin intervals of weak mineralization, the best of which returned 1.0 m of 0.08 % U3O8. Drill hole 10-206, although collared on line 100E, due to drill swing intersected the target depth on line 90E. This drill hole was designed to test for mineralization outside the current extents of the Main Zone of mineralization, as well as thin Footwall Zones. It intersected a thin zone of mineralization up-dip from both the Main Zone and one of the Footwall Zones, that returned 1.0 m of 0.08 % U3O8 and 3.0 m of 0.34 % U3O8, respectively.

Line 100E: Drill hole 10-208 was designed to test for possible extensions of mineralization 20-30 m laterally from the extents of the modelled mineralization on line 100E. This drill hole did not intersect any anomalous activity. It did intersect variably altered package of rocks comprising the lower sandstone and the upper basement.

Line 110E. Drill holes 10-199 and 10-218 were designed to test for lateral extensions of the mineralization on Line 110E. Both drill holes only intersected thin intervals that returned values of 1.5 m of 0.08 % U3O8and 0.6 m of 0.2 % U3O8, respectively.

Line 130E. Drill hole 10-202 were designed to test the mineralization identified in 09-096 and 09-104. This drill hole successfully intersected 1.0 m of 1.64 % U3O8. In addition to this zone of radioactivity, it additionally intersected another shallower zone of radioactivity at and just below the unconformity that returned 4.5 m of 0.19 % U3O8.

QAQC

Samples were analyzed for U3O8at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8method. The samples were analyzed for a suite of other base metal elements including nickel, cobalt, copper and lead by ICP-ES. Select samples will be analysed for precious metals including gold, platinum, palladium and rhenium. Dry bulk density determinations were also carried out on the drill core.

Field and laboratory of select samples show good reproducibility, consistent to those documented in the NI43-101 report containing the Initial Resource Model.

All intersections are down-hole, core-length intervals and true thickness of mineralization is yet to be determined.

Ownership

Terra Ventures Inc. owns a 10-per-cent interest, carried until a decision is made to go to production, in the Midwest NorthEast property.

Alistair McCready, Ph.D., P.Geo., Hathor's Exploration Manager with responsibility for all of Hathor's exploration in Saskatchewan, and Michael Gunning, Ph.D., P.Geo, Hathor's Chief Operating Officer, are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the technical disclosure contained in this news release

Terra Ventures Inc. is a Vancouver, British Columbia based junior exploration company focused principally on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability - are the foundation for growth in the uranium business.

For further particulars about the Company, please contact Ryan Johnson, Investor Relations, at 1-866-683-0911 or visit the Company's website at www.terrauranium.com.

On behalf of the board of directors of

TERRA VENTURES, INC

"Gunther Roehlig"

Gunther Roehlig, President

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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