Terra Nostra Resources Corporation (OTCBB:TNRO), Thursday announced that it has entered into an Equity Transfer Agreement with its Chinese Joint Venture partner whereby Terra Nostra can increase its ownership position to a maximum of 90% in both the Copper and Stainless Steel joint venture companies.

"As a result of Terra Nostra's increased ownership, we expect to see a very substantial increase in earnings per share due to the increase of Terra Nostra's percentage of net profits and the ramp up of production to optimal levels at the various plants", said Mr. Sun Liu James Po, Terra Nostra's CEO.

Presently, the Company owns a 51% interest in two Chinese Joint Venture companies in the strategic copper and stainless steel industries; Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd. and Shandong Quanxin Stainless Steel Co. Ltd. The Agreement calls for an increase in ownership of both Joint Ventures to an additional 19% initially, followed by a further 20% position, resulting in a 90% ownership position in both joint venture companies by Terra Nostra.

The consideration for this transaction will be restricted common shares of Terra Nostra, the quantity of which is to be negotiated by the parties in conjunction with independent mutually agreed upon valuations of operations.

Terra Nostra is strategically positioned to benefit from the continually increasing demand for both copper and stainless steel from major growth sectors in China including the automotive, high technology, infrastructure development and construction industries.

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, 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.