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Terra Nostra Announces Year End Results: Record Revenue of $284.8 Million
Friday October 5, 3:08 pm ET


LOS ANGELES and ZIBO, China, Oct. 5 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, is pleased to announce financial results and highlights for the fiscal year ended May 31, 2007.

    2007 Year End Highlights
    *  Record revenue of $284.8 million;
    *  Operating profits of $1.8 million as compared to an operating loss of
       $13.5 million for fiscal 2006;
    *  Pre-selling production to meet strong market demand;
    *  Ramping up of stainless steel production facilities; and
    *  Inauguration of 150,000 metric ton ("MT") stainless steel rolling mill.

Consolidated revenue for the fiscal year ended May 31, 2007 was $284.8 million, compared to $5.1 million in the 2006 fiscal period. The increase in revenue was driven primarily through increased sales in the stainless steel joint venture, and completion of the acquisition of the copper joint venture. Gross profit for the fiscal year was $18.1 million, as compared to a loss of $1.7 million for the same period a year ago. Operating profits were $1.8 million, as compared to a loss of $13.5 million in fiscal year 2006. Cost of sales for the year was $266.7 million as compared to a cost of sales of $6.8 million in 2006.

Additionally, management anticipates significant further improvements in gross margins as:


    *  Larger volume contracted raw material purchases replace lower volume
       non-contracted purchases;
    *  Continued increases in stainless steel and copper production allow
       fixed labor and overhead costs to be more broadly distributed;
    *  Yield rates increase as a result of continued operating experience; and
    *  Lower maintenance and facility operating costs ensue from further
       optimization of production processes.

"At present, strong market conditions for our products exist in China. Demand for stainless steel and copper remains high, driven by continued economic growth and development in China. This market situation has allowed Terra Nostra to pre-sell certain production at premium contracted prices," stated Mr. Sun Liu James Po, Terra Nostra's Chief Executive Officer. "We expect these strong market conditions to remain for the foreseeable future while the Company continues to ramp up production at current facilities to full capacity to meet market demands."

Terra Nostra operates two majority owned Sino Foreign Joint Venture companies in the stainless steel and copper industries in China.

STAINLESS STEEL JOINT VENTURE

Shandong Quanxin Stainless Steel Co., Ltd. ("SQSS") is a 51% owned subsidiary of Terra Nostra which operates a new integrated stainless steel plant in Zibo City, Shandong Province, PRC. SQSS employs three electric-arc furnaces and two AOD refining furnaces in its casting mill with a peak production capability of 230,000 MT. The downstream strip rolling mill was phased-in over the past fiscal year and has a production capability of 150,000 MT per annum. SQSS also has advanced plans to develop a 30,000 MT capacity welded tube line and a 60,000 MT capacity rod line, subject to further feasibility analysis.

COPPER JOINT VENTURE

Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. ("STJMC"), also a 51% owned subsidiary of Terra Nostra, is a producer, seller, and distributor of electrolytic copper, value-added copper products, and precious metals with production locations in Changshan town and Dongying city, Shandong Province, PRC, both located one hour from Zibo city. STJMC currently sells approximately 16,000 MT per annum of electrolytic copper, 6,000 MT per annum of low-oxygen copper rod, and 6,000 MT per annum of no-oxygen copper rod. The amount of gold and silver sold varies from year to year based on the mix of scrap and ore used in the production process and precious mineral content of the raw materials.

About Terra Nostra Resources Corporation

Terra Nostra is one of the leading copper producers in China through its 51% interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction total production capacity of 170,000 MT of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51% interest in Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, which Terra Nostra recently entered into an agreement to increase its ownership up to 90%, with total assets of US$180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at www.tnr-corp.com.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to expectations concerning (i) projects underway or under consideration, including production capacity and completion schedules; (ii) business and future potential of Terra Nostra Resources Corporation ("TNRO"); (iii) estimates or implications of future earnings, profits, EBITDA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, and statements related to these matters or which use words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology are all forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further risks, uncertainties and other factors, which affect the forward- looking statements included herein, and could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements include, but are not limited to, completion of TNRO's capital contributions to the joint venture companies, working capital financing, metals price volatility, competition for projects, reserve acquisition costs, currency fluctuations, international economic uncertainty, sovereign risk, force majeure, changes in tax law or concession law, project scheduling delays, labor disputes, increased production costs and variances in ore grade, scrap grade or recovery rates from those assumed in production plans, political and operational risks in the countries in which TNR may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in TNRO's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year ended May, 31, 2007. Copies of each filing may be obtained from TNRO or the SEC. Furthermore, metals operation, by their very nature, entail inherent cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNRO does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.


--------------------------------------------------------------------------------
Source: Terra Nostra Resources Corporation

BreakOut from the Symmetrical Triangle (continuation) Pattern.
Then the BreakOut from the reaction high in the pattern !
Copper and stainless steel play, has decent revenue growth.

422fwhp......Applaud the find, nice work ! 



52wk Range: 0.71 - 4.60
Volume: 2,203,278
Avg Vol (3m): 221,900

Technicals
Record Volume
Record Price High
Percentage Gainer

Last Price Quote is:
81.77%above 13-day MA
171.96%above 50-day MA
RS Rating: N/A 

Fundamentals
Reports Earnings

Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Yessur!

Thank you sir.

Overlooked the news.......



Press Release Source: Terra Nostra Resources Corporation


Terra Nostra Seeks Listing on American Stock Exchange (Amex)
Tuesday October 30, 10:56 am ET


LOS ANGELES and ZIBO, China, Oct. 30 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC Bulletin Board: TNRO - News) a majority owner of two joint venture companies in the copper and stainless steel industries in China, is pleased to announce that it has commenced the process to have its common shares listed for trading on the American Stock Exchange.
The Company has directed its legal council to immediately prepare and submit a listing application to the American Stock Exchange. The listing application is expected to be completed and filed with the Exchange within the next four weeks. Final determination for listing is subject to American Stock Exchange approval.

The listing of Terra Nostra shares on the American Stock Exchange is intended to further raise the profile and status of the Company within the global investment community. In addition, the Company believes that admission to a senior exchange will;


    -- increase access to North American, European, and Asian institutional
       investors;
    -- increase the Company's ability to access international capital markets;
    -- provide additional liquidity for the Company's current and future
       Shareholders; and
    -- improve the competitive position of the Company and its joint venture
       operations

"Terra Nostra has grown significantly in both operations and capitalization over the last year," stated George Chua, Terra Nostra's Chief Operating Officer. "The Company is emerging as a leading copper and stainless steel producer in China and the move to a senior market is a key component to implementing the Company's aggressive growth strategy."

About Terra Nostra Resources Corporation

Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US$180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%, and this transaction is expected to be completed no later than December 31, 2007. More information on Terra Nostra can be found at http://www.tnr-corp.com.

Investor Contact: Mercantile Ascendency, Tom Collins, (214) 559 9885

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to expectations concerning (i) projects underway or under consideration, including production capacity and completion schedules; (ii) business and future potential of Terra Nostra Resources Corporation ("TNRO"); (iii) estimates or implications of future earnings, profits, EBITDA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, and statements related to these matters or which use words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology are all forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further risks, uncertainties and other factors, which affect the forward- looking statements included herein, and could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements include, but are not limited to, completion of TNRO's capital contributions to the joint venture companies, working capital financing, metals price volatility, competition for projects, reserve acquisition costs, currency fluctuations, international economic uncertainty, sovereign risk, force majeure, changes in tax law or concession law, project scheduling delays, labor disputes, increased production costs and variances in ore grade, scrap grade or recovery rates from those assumed in production plans, political and operational risks in the countries in which TNR may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in TNRO's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-QSB for the year ended August, 31, 2007. Copies of each filing may be obtained from TNRO or the SEC. Furthermore, metals operation, by their very nature, entail inherent cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNRO does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

--------------------------------------------------------------------------------
Source: Terra Nostra Resources Corporation

Press Release Source: Terra Nostra Resources Corp.


Micros Report Affirms Buy Rating on Terra Nostra Resources
Monday November 5, 8:15 am ET


DALLAS, TX--(MARKET WIRE)--Nov 5, 2007 -- Micros Report is pleased to announce the release of its updated research note on Terra Nostra Resources (OTC BB:TNRO.OB - News). The report is available at http://www.microsreport.com/pdf/TNRO_Update_102807.pdf. Director of Research, Michael A. Willingham authored the report which includes a Fair Value Target price for TNRO of $9.53. Willingham stated in his report:

--  "We elect to apply the industry average 11.9x forward P/E multiple to
    TNRO due to the continued delivering on management forecasts... the
    announcement of the intended uplist to the Amex helped our team lean toward
    applying the full multiple..."
--  "The projected 2008 earnings of $79,722,709 became much more
    believable when the recent 10Q was filed announcing the quarterly net
    income for the three months ended August 31, 2007 was a record
    $7,181,260..."


About Terra Nostra

Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US $180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%, and this transaction is expected to be completed no later than December 31, 2007.

About Micros Report

The Micros Report is the only LIVE WebTV feed dealing with financial news focused expressly on microcap investment analysis, and it streams to every area of the world. Hosted by Mike "the Analyst" Willingham, The Micros Report provides traders, brokers, investors, and market makers the necessary information to trade intelligently in the penny stock market. Mike has passed the required tests to be recognized by the NASD as a Supervisory Research Analyst and brings this investment know-how LIVE to his viewers every trading day.

The Micros Report focuses on undervalued investment opportunities and momentum style investments to draw the attention of the viewers to the potential money makers of each day. With the added benefit of being highly interactive, The Micros Report becomes "Your" Micros Report as Mike takes phone calls LIVE on the air and communicates with any member of the viewing audience anywhere in the world via his instant messenger account "MicrosReport." In fact, Mike regularly receives LIVE real-time messages from viewers in North America, the Far East, Europe, and once even from a viewer on his boat 500 miles off the coast of Florida!


Contact:
     Contact:
     Micros Report
     Mike Willingham
     214-461-3440
     [email protected]
--------------------------------------------------------------------------------
Source: Terra Nostra Resources Corp.

Quarterly report...
Revenues and profit ramping, while Terra only has a bit over 50% ownership. They've upped ownership to 90% closing Dec.31,2007. Spring of 08 is going to be monstrous.



52wk Range: 0.71 - 5.90
Volume: 994,340
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Technicals
Percentage Gainer

Last Price Quote is:
28.17%above 13-day MA
86.16%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A