Teras Resources Inc. announced that it will file the Mine Development Associates (MDA) National Instrument 43-101 report entitled "Technical Report on the Cahuilla Project Gold and Silver Resources, Imperial County, California. Teras has initiated an aggressive exploration and development program for the Cahuilla project in 2013. The company has engaged Zonge International Inc. of Reno, Nevada to conduct extensive geophysical surveys at Cahuilla with the following objectives.

Primarily, the geophysical program is being designed to focus on identifying deeper high-grade feeder structures that may represent the source of the many surface high-grade veins and widespread disseminated precious metal mineralization. Zonge has been directly involved in discovering many of these higher-grade feeder zones or structures at other epithermal gold/silver deposits similar to Cahuilla. Secondly, geophysics will be used to search for additional shallow disseminated gold/silver mineralization and high-grade vein targets that are located outside of the current mineral resource boundaries.

Lastly, Teras will begin a comprehensive exploration program that will seek to find new targets that occur beneath shallow pediment cover, which is prevalent throughout the southern and eastern portions of the project. Drilling is scheduled to begin in the first quarter 2013 with purpose of expanding the current NI 43-101 resource and further identify high-grade precious metal zones. Drilling will initially be conducted on the northeast and southeast portions of the project area outside of the current resource.

In these areas, wide-spaced historical drilling has returned anomalous to ore-grade gold values. Once the geophysical surveys are complete, drilling will be focused on testing potential high-grade feeder zones. Detailed mineralogical and structural investigations are also in progress.