Teras Initiates Mobilization of National Drilling to Continue Development of the Cahuilla Gold/Silver Project

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA)(OTCQX:TRARF):
Teras is pleased to report that National Drilling Company has begun mobilizing
two drill rigs and associated ancillary equipment to its Cahuilla project in
Imperial County, California to continue the development drill program, which
will begin as soon as mobilization is complete.


The primary objective of this next phase of exploration will be focused on the
discovery of deeper high grade feeder zone targets that have been delineated by
recently obtained geological and geophysical data. 


In the July 17, 2013 press release, the Company reported that National would be
utilizing a Scrhamm T685WS reverse circulation drill that possesses the
capability of drilling more than 1000 meters in depth. Since that time, Teras
has determined that core drilling should be conducted for the deeper exploration
holes instead of reverse circulation to obtain significantly better quality
samples for gold/silver analyses and more detailed down-hole geological
information. 


As a result, the Company has now engaged both a Schramm T450GT reverse
circulation and an Atlas-Capco CS14 core drill rig which will be used to test
the deeper feeder vein targets and continue development of the shallower
precious metal resource expansion areas. Procedures for completing the deeper
drill holes will include employing the reverse circulation rig (Schramm T450GT)
to initiate pre-collared drilling depths from 50 to 300 meters. The pilot or
"pre-collared holes" will then be cased with steel rods to total depth and
re-entered by the core drill. Core samples will be recovered from the remainder
of the hole, which could be drilled to depths of more than 600 meters depending
upon the down-hole geology.


In addition, the Teras technical team and its advisors met in Reno, Nevada at
the office of Zonge International on August 13th and 14th to review all of the
detailed Cahuilla geological and geophysical data with the focus of fine tuning
the selection of the deeper high grade vein targets. Multiple types of data were
used in the exercise to optimize the probability of discovering the high grade
source of precious metal mineralization. Upon conclusion of the meeting, the
consensus from the team was very positive reinforcing the selected locations of
the deep holes as shown on the following map (purple): 


To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/tra.jpg.


Peter Leger, President and CEO of Teras Resources, commented, "After numerous
strategic and technical meetings and discussions with our technical team and
geological consultants along with National drilling personnel, the Company has
determined that core drilling of the deeper high grade feeder vein targets will
provide far superior samples for assaying as well as an immediate visual
description of the material being extracted. Of equal importance will be the
assembling of detailed geologic information that will improve our understanding
of the gold/silver epithermal system at depth and assist in guiding our deeper
high grade feeder vein exploration program to achieve a successful outcome." 


About Teras

The Company is focused on developing its Cahuilla project located in Imperial
County, California. The project encompasses an area of at least 3 km by 1.5 km
and demonstrates the potential for a large-scale, bulk mining operation
consisting of altered and mineralized sedimentary and volcanic host rocks with
numerous sheeted high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.2 million plus ounces of gold
and 11 million plus ounces of silver on its Cahuilla project (70.148 million
tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton
silver with a cutoff of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the resource and develop the project for future
mining operations.


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 of accuracy of this news release.


This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", " expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. In particular, this press release contains forward-looking information
regarding: the potential of the Cahuilla Project; the potential of geophysical
programs on the Cahuilla Project; the potential to expand the resource, to
identify new targets and to identify high grade zones and structures; the timing
of and potential of drilling and exploration programs, surveys, studies and
developments; and the potential for finding high grade deposits. This
forward-looking information reflects the Company's current beliefs and is based
on information currently available to the Company and on assumptions the Company
believes are reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or better than
estimated results in technical reports or prior exploration results; future
costs and expenses being based on historical costs and expenses, adjusted for
inflation; continued success in drilling and exploration programs and geological
and geophysical studies at the Cahuilla project; successful studies in mining
techniques and metallurgy; commodity prices continuing at today's prices or
rising; obtaining the necessary funding to carry out recommended work programs,
exploration and studies; and continued success in obtaining permits. Additional
assumptions can be found in the Company's disclosure documents on the SEDAR
website. 


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: the early stage development of the
Company and its projects; general business, economic, competitive, political and
social uncertainties; commodity prices; the actual results of current
exploration and development or operational activities; competition; changes in
project parameters as plans continue to be refined; accidents and other risks
inherent in the mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including environmental
legislation, affecting the Company; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; and lack of
qualified, skilled labour or loss of key individuals. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Teras Resources Inc.
Peter Leger
President
[phone] or [phone]
[e-mail]
www.teras.ca