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Terra Nostra Strengthens JV Management Team

posted on Jun 20, 08 10:18AM

Terra Nostra Resources Corporation (OTCBB: TNRO) a majority owner of two joint venture companies in the copper and stainless steel industries in China, is pleased to announce the appointments of Mr. Nai Biao Zhai as General Manager of Shandong Quanxin Stainless Steel Co Ltd. (SQSS) and Mr. Bao Dong Han as General Manager of Shandong Jinpeng Metallurgical Co Ltd. (STJMC). Both appointments are effective immediately.

“These appointments are an important step in solidifying our JV management and preparing Terra Nostra for the next phase of growth. Both Mr. Zhai and Mr. Han have played an important role in getting our joint venture operations to where they are today. Their extensive manufacturing and operational experience, together with solid leadership skills, make them uniquely qualified to lead our joint venture companies as we continue implementing our growth plans,” said Don Nicholson, president of Terra Nostra. “Under their leadership, Terra Nostra is well positioned to enhance its status as a premier producer of specialty stainless steel and cathode copper in China.”

Mr. Zhai has been a key member of SQSS since plant construction began in April 2003, having been involved in every aspect of successfully launching the plant, through the efficient testing and ahead-of-schedule production ramp up. Mr. Zhai has assembled a team of leaders and innovators in the stainless steel industry who collectively bring world class operational experience and expertise, including advanced R&D capabilities, to the company. Prior to joining SQSS, Zhai spent eleven years in various positions with Textile Industrial Co., most recently as Operations Officer of the Business Management Department. Zhai also spent nine years with the Zibo Towel Company where he ran the Kinetics and Business Management Departments. He graduated from Shandong Mechanical Engineering College, Electrical Automation Department, in 1983.

Mr. Han joined STJMC in 2005 as Vice General Manger, and rapidly demonstrated his capabilities as a manager and plant operator, and superior project leader in constructing advanced new electrolytic production capacity, and upgrading existing facilities to achieve greater efficiency and to exceed environmental standards. Previously he was General Manager of Shandong Dongyin Jiatai Petrochemical Co Ltd. and Manger at Shandong Jinwang Copper Co Ltd, where he developed his expertise in purchasing; particularly scrap materials, and production. He is a graduate of the Occupational Intermediate Vocational School in Shandong Province.

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$225 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%. More information on Terra Nostra can be found at http://www.tnr-corp.com.

Investor
Lippert/Heilshorn & Associates
Elric Martinez, 212-383-3777
emartinez@lhai.com


Source: Business Wire (June 20, 2008 - 4:18 PM EDT)

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