Terra Nova Minerals Inc. report that the TSX Venture Exchange has issued its final approval in respect of the previously announced 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.

Tags: Terra Nova Minerals Inc.