Terrain Minerals Limited announced that clay type rare earths have been discovered over large areas within the 320 kilo meter square tenement area following the review of historic auger drilling data at the Company's 100% owned Lort River Project in Western Australia. The Board is very excited to have identified multiple REE walk-up drill targets. High-Grade Rare Earths Soil Anomalies Identified: Assays show a high percentage of valuable magnet rare earth elements (up to 35% of the total grade).

The shallow auger samples returned Total Rare Earth Oxide (TREO) grades of: 580 ppm TREO in VKU28733 (25% Magnet REO of total grade), 525 ppm TREO in VKU28802 (27% Magnet REO of total grade), 513 ppm TREO in VKU28806 (28% Magnet REO of total grade), 505 ppm TREO in VKU28712 (35% Magnet REO of total grade), 504 ppm TREO in VKU28729 (29% Magnet REO of total grade). Assays also show high Scandium (Sc) grades, a valuable metal and potentially important addition to the high-grade rare earth mineralization. Terrain intends to advance exploration at Lort River, targeting the underlying clay horizon below the shallow soil anomaly.

The tenure also covers the Kateup Creek, Helms, Bishops Hat and Lauriana Shear Zones and is prospective for gold and base metals, in addition to the shallow, high-grade, high value rare earth mineralization already identified. This large tenement package is directly adjacent to emerging clay hosted rare earth discoveries in the region. These exciting results are from historic shallow auger samples taken ~1m below surface and appear to have been taken along road reserves relating to early-stage gold exploration activities.

Terrain will target the more prospective underlying clay horizon where grades are hoped to improve within larger zones. The high-grade soil results span Terrains two western tenements (E63/2208 and E63/2209), over 300km2. The Company's eastern tenement (E63/2207) has never been explored for rare earth mineralization and is also considered prospective for further REE soil anomalies.

In addition to the high-grade rare earth soil anomalism spread across large areas of the Lort River Project, the tenure covers significant sections of major regional shear zones. This includes the Kateup Creek and Helms Shear Zone, the Bishops Hat Shear Zone and the Lauriana Shear Zone, positioned on the western side of a major bifurcation in the red island shear zone where both the Belgian and Lauriana Shears splay off to the west. In addition to rare earth targets, these shear zones present significant untested and highly prospective targets, for gold and base metals.

Terrain intends to continue its systematic approach to exploration with the aim of advancing towards drilling at the Lort River Project. Drilling will be targeting shallow, high-grade clay rare earth mineralization as well as testing for other mineral occurrences.