Terrane Metals Corp is a Canadian mineral development and exploration company. The cornerstone of our business plan is to develop large-scale mineral deposits with defined resources into operating mines. Our Key assets are the Mt. Milligan copper-gold project and the Berg copper-molybdenum-silver project, both in central British Columbia, Canada.

Terrane is focused on the future commercial development of the large-scale copper and gold reserve at Mt. Milligan, British Columbia. Mt. Milligan has an open pit reserve of 2.1 billion lb contained copper and 6.0 million oz contained gold. Upon development the project will have an average annual production of 262,100 oz gold and 89 million lb copper for the first six years of a 22.1 year mine life. At Mt. Milligan Terrane has completed a Feasibility Update Study demonstrating economic viability, secured long lead-time capital equipment, and engaged Wardrop Engineering Inc. for engineering and procurement. Terrane has received an Environmental Assessment (EA) Certificate and a Mines Act Permit from the province of British Columbia. The project is in the final stages of the federal EA review and approval is expected in Q4 2009. As a first step towards project financing Terrane shareholders approved a joint venture option agreement with majority shareholder Goldcorp. Goldcorp has guaranteed a credit facility of $40 million and has an 18 month option (expiring Jan. 08, 2010) to convert its equity interest in Terrane into a participating joint venture interest in the Mt. Milligan project.

---

Oct 15, 2009: Conference Call Terrane Feasibility Update Study Results on the Mt. Milligan Gold-Copper Project Click to Listen

Oct 14, 2009: Interview - BNN Click to View Video Robert Pease President and CEO interviewed by Andrew Bell on the Commodities Report.

May 27, 2008: BNN Interview Click to View Video Rob Pease President and CEO of Terrane along with Chuck Jeannes President and CEO of Goldcorp discuss the Mt. Milligan Joint Venture Option Agreement.