Mr. Henry Aldorf reports

TERRA NOVA APPLIES FOR PERMITS AND HERITAGE CLEARANCE FOR THE UPCOMING DRILLING CAMPAIGN IN PEL 444

Terra Nova Energy Ltd. has initiated the process of acquiring the required permits and heritage clearance in support of the upcoming drilling campaign for the company's petroleum exploration licence 444 located on the western flank of the Cooper/Eromanga basins in the state of South Australia, Australia.

Henry Aldorf, chief executive officer and chairman, stated, "We are very encouraged by the ongoing commercial discoveries with impressive flow rates on the western flank of the Cooper/Eromanga basins as we continue to prepare for our upcoming drilling campaign."

The company has previously announced that it has identified eight potential drilling locations based on the ranking and risking of multiple targets in the Birkhead, Namur and Hutton reservoir intervals. The permits and heritage clearance are expected to be completed within the next 60 days.

We seek Safe Harbor.