Teras Provides Drill Program Update for Its Cahuilla Gold/Silver Project

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) (OTCQX:TRARF)
(News): Teras is pleased to report that the Company has finished the first phase
of its reverse circulation and deep core drill campaign at the Cahuilla project
in Imperial County, California. A total of 1,348 m (4,422') of core and 2,932 m
(9,620') of reverse circulation drilling have been completed during this initial
phase, which is comprised of four deeper, pre-collared diamond drill and eleven
reverse circulation holes. 


Both the core and reverse circulation drill chips are currently at the lab being
assayed. In our press release dated October 9th, 2013, we indicated that assay
results would become available by the 23rd of October. However, due to
unforeseen circumstances at the lab, the results have been delayed. We now
anticipate the assay results from core hole CAH-303 to be received later this
week and results from the remaining diamond drill holes CAH-304, CAH-305 and
CAH-311 to follow in a timely fashion.


In order to ensure that our results are processed judiciously, Teras is now
working very closely with the laboratory staff to expedite the assay process.
This includes the implementation of double shifts for the exclusive purpose of
preparing and analyzing Teras' core samples as promptly as possible while
maintaining superior quality control. We wish to thank all of our shareholders
for their patience and understanding during a period that has been trying and
exasperating for everyone.


Mr. Paul Stubbe, Project Geologist and Manager, is currently conducting detailed
geologic logging of the core and once all the assay results have been received,
the Teras technical team will reconvene to analyze and evaluate all of the
reverse circulation and most importantly, the deep core assay results along with
our recently generated detailed geological and geophysical data. The primary
focus of the comprehensive evaluation process is to fine-tune the selection of
additional deeper high-grade targets for continued exploration of the feeder
veins or source of this extensive gold/silver precious metal epithermal system. 


Dale A Vitone P. Eng., registered with the Association of Professional Engineers
of Ontario, Alberta and Northwest Territories and a Director of Teras, is the
Company's nominated qualified person responsible for monitoring the supervision
and quality control of the programs completed on the Company's properties. Mr.
Vitone has reviewed and verified the technical information contained in this
news release. 


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 cut-off of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the grade and tonnage of 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]
[phone]
[e-mail]
www.teras.ca