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CALGARY, ALBERTA -- (Marketwire) -- 01/11/13 -- Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA) (OTCQX: TRARF): Teras is pleased to provide its shareholders with a corporate update on the Cahuilla project and other recent developments within the Company.

Teras announces that it will file the Mine Development Associates (MDA) National Instrument 43-101 report entitled "Technical Report on the Cahuilla Project Gold and Silver Resources, Imperial County, California" dated November 27, 2012 on January 11th, 2013. For the purposes of this press release, Teras has converted the Indicated and Inferred gold/silver resource tables from imperial to metric units which are shown below:

All Indicated----------------------------------------------------------------------------Cutoffg Au/t                    Tonnes    g Au/t    g Ag/t       oz Au       oz Ag0.171                 98,641,000     0.394      4.83   1,250,000  15,331,0000.240                 75,410,000     0.456      5.45   1,106,000  13,217,0000.274                 63,637,000     0.497      5.79   1,017,000  11,855,0000.309                 53,242,000     0.538      6.17     921,000  10,564,0000.343                 44,619,000     0.583      6.55     836,000   9,394,0000.377                 37,542,000     0.627      6.89     757,000   8,318,0000.411                 31,637,000     0.675      7.27     687,000   7,393,0000.446                 26,619,000     0.723      7.65     619,000   6,543,0000.514                 18,996,000     0.830      8.47     507,000   5,172,0000.686                  9,144,000     1.114     10.49     328,000   3,084,0000.857                  5,259,000     1.385     12.14     234,000   2,052,0001.029                  3,386,000     1.646     13.41     179,000   1,459,0001.714                  1,014,000     2.544     16.77      83,000     547,000----------------------------------------------------------------------------All Inferred----------------------------------------------------------------------------Cutoffg Au/t                    Tonnes    g Au/t    g Ag/t       oz Au       oz Ag0.171                 19,672,000     0.285      2.67     180,000   1,691,0000.240                 11,927,000     0.350      3.09     134,000   1,183,0000.274                  8,830,000     0.387      3.36     110,000     954,0000.309                  6,126,000     0.435      3.50      86,000     689,0000.343                  4,513,000     0.490      3.53      71,000     512,0000.377                  3,491,000     0.525      3.57      59,000     400,0000.411                  2,644,000     0.576      3.60      49,000     306,0000.446                  2,154,000     0.607      3.39      42,000     235,0000.514                  1,417,000     0.703      3.02      32,000     137,0000.686                    550,000     0.905      2.71      16,000      48,0000.857                    209,000     1.193      2.67       8,000      18,0001.029                    107,000     1.454      3.19       5,000      11,0001.714                     14,000     2.287      4.56       1,000       2,000----------------------------------------------------------------------------