Terrain Minerals Limited announced update the market regarding recent findings from field observations and corresponding rock chip sample results taken during two field trips during the quarter, over three new areas of interest identified at the Wild-viper Gold Project. Eastern Quartz Veins - Rock Chip Samples: 13.6 g/t Au - Sample description: Pyritic Quartz vein, from old mineshaft. Strike 100 dip subvertical; 7.7 g/t Au - Sample description: Fe-stained quartz vein; 6.0 g/t Au - Sample description: Old diggings 50m NW of old shaft.

High Fe. Strike 300 dip 80S. The company geologists mapped and sampled the Wild-viper Gold Project to improve the geological understanding of the area.

A total of 51 rock chip samples were collected covering an area of approximately 400m as part of this work. The high-grade rock chips were taken from a zone of patchy subcrop near the eastern margin of Terrains tenement E 37/1214, in an area termed, "Eastern Quartz Veins". The high-grade rock chips are associated with a steeply dipping quartz vein array within host granitoid of the Bundarra batholith.

Sub vertical vein sets occur in at least two strike orientations interpreted as a conjugate set. The vein array occurs on the far east of the tenement in an area where sparse prior exploration has occurred, and only patches of previous RAB drilling. Historical RAB holes that transect parts of this newly identified area were limited in effectiveness because they were drilled vertically.

Wilson Arc Structure - Rock Chip Samples: 2.6 g/t Au - Sample description: Vein in shallow pit, strike 280 dips subvertical; 0.4 g/t Au - Sample description: Vein in coarse granite, strike 280 dips 85 Nth. In addition to high grade rock chips identified in the East of Terrain tenement, Terrain has identified a new anomalous area with rock chips up to 2.6 g/t Au which has been named, "Wilsons Arc". Mineralization in this area occurs within quartz veins in the southern portion south of the Great Western deposit and over the historic Wilson Patch area.

There is a moderate level of historic exploration that corroborates these results and consist of small historic workings and patches of vertical RAB drilling.