TGC

Terra Nova Minerals Inc. ("Terra Nova" or the "Corporation") (TSX VENTURE:TGC)
is pleased to announce that the TSX Venture Exchange has issued its final
approval in respect of the previously announced acquisition ("Acquisition") by
Terra Nova of a 55% interest in two onshore petroleum exploration licences in
South Australia from Holloman Energy Corporation. 


Terra Nova is now classified as an 'Oil and Gas' company. For further
information regarding the Acquisition please refer to the Corporation's press
releases dated March 16, April 17, April 20 and May 11, 2012. 


Mr. David Stein has resigned as a Director of the Corporation effective
immediately. The Board of Directors would like to thank Mr. Stein for his
contributions to the Corporation to date, and wish him well in his future
endeavours. 


Terra Nova is also pleased to announce that it has granted stock options
exercisable into a total of 2,750,000 million common shares (representing
approximately 4.85% of the current issued and outstanding shares) to certain
directors, officers and consultants of Terra Nova with an exercise price of
$0.30 per share, subject to regulatory approval. The options were issued
pursuant to Terra Nova's stock option plan and expire on May 16, 2022. The
options vest in halves, with the first half vesting immediately upon issuance
and the second half vesting 18 months after issuance. 


About Terra Nova Minerals Inc. 

Terra Nova Minerals Inc. is currently a Calgary based oil and gas company. Its
common shares trade on the TSX Venture Exchange under the symbol "TGC".

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