Teras Resources Inc. announced that it has prepared a new resource estimate to be announced in an "Amended Technical Report on the Cahuilla Gold and Silver Project in Imperial County, California." The purpose of this report is to provide an update of all technical progress since the original NI 43-101 compliant mineral resource estimate for the Cahuilla project was completed in 2012 and filed on SEDAR. The new resource estimate is based on the same cutoff grade and gold price used to calculate the 2012 mineral resource estimate. In 2012 the gold price averaged USD 1,669/ounce. The cutoff grade used for both reports is 0.008 oz Au/ton and is based on the most likely expectation for development of an open-pit operation using heap-leach processing methods. The new indicated resource was estimated at 1.261 million ounces of gold and 14.37 million ounces of silver contained in 82.11 million tons at an average grade of 0.0154 ounces per ton ("opt") gold and 0.175 opt silver with a cutoff of 0.008 opt gold. This constitutes an increase of 244,000 indicated ounces of gold since the last resource was calculated in 2012. An additional inferred resource is reported of 74,800 ounces of gold and 684,800 ounces of silver contained in 3.585 million tons at an average grade of 0.021 opt gold and 0.19 opt silver at a cutoff of 0.008 opt gold. The increase in gold and silver indicated resources is attributed to the additional drilling since the 2012 resource model and the identification of new mineral domains in the geologic model. This updated geological model will guide future drilling and resource expansion efforts on the property. Metallurgical studies have also indicated the potential of increasing both gold and silver resources using current metal prices. Although, the amended resource report increased both gold and silver resources, the new understanding of the geology and structures from this study will guide the company to further expand and develop Cahuilla effectively and efficiently.