1. Healthcare

Teras Resources Inc.
Creating Qualified World Class Projects
Corporate Presentation
January 2015
TSX-V:TRA
Forward-Looking Information
This presentation may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements,
other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be
identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budgets”,
“scheduled”, “estimates”, “potential”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and
phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved.
In particular, this presentation contains forward-looking information in respect of the potential deposits, mineralization, potential resources and
exploration potential in respect of Teras Resources Inc.'s (the “Corporation”) projects and the potential costs, approvals and agreements in
respect of the Corporation’s projects. This forward-looking information reflects the Corporation’s current beliefs and expectations and is based on
information currently available to the Corporation and on assumptions the Corporation believes are reasonable. These assumptions and
expectations, some of which can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com, include, without
limitation, the following: the actual results of drilling and exploration being equivalent to or better than anticipated or historical results, continuing
approvals from governmental authorities in respect of its projects, continuing positive relationships aboriginal nations that have interests in the
Corporation’s projects and future costs and expenses being based on historical costs and expenses, adjusted for inflation.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking
information. Such risks and other factors are disclosed in the Corporation’s regulatory filings and disclosure documents found on the SEDAR
website at www.sedar.com, and may include, without limitation, the following: the early stage development of the Corporation and its projects;
general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and
development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks
inherent in the natural resources industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation,
including environmental legislation, affecting the Corporation; timing and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although the Corporation has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
information. The Corporation does not undertake to update any forward-looking information, except in accordance with applicable securities
laws.
Mineral Disclosure
Dale A Vitone P. Eng., registered with the Association of Professional Engineers of Ontario, Alberta and North West Territories and a Director for
Teras, is the Company's nominated qualified person responsible for the scientific and technical mining disclosure contained in this presentation.
Mr. Vitone has verified this disclosure through his experience and knowledge of the Corporation’s properties.
Capital Structure
TSX Venture Exchange Canada: TRA
Basic shares outstanding: 135,547,146
Fully diluted: 144,055,145
No debt
Working Capital surplus: $1,900,000
The Company
Teras Resources is an exploration and resource development
company
Headquartered in Calgary, AB
Public company listed on the TSX-V: TRA
The Team
The company team members are successful industry veterans
possessing over 100 years of specialty mining expertise. Together
we have the insight and experience necessary to identify, explore
and develop mining projects into the production phase.
Management Team
Peter Leger - President/CEO/Director
- Joined Teras in 2006, restructured the company including financing and attracting a new Board of Directors with
strong technical backgrounds
Dr. Dennis LaPoint, Ph.D – Director
- Dr. LaPoint brings over 30 years experience to Teras having managed projects for companies such as Texasgulf,
Cominco and Cambior Inc.
John Batiuk – Senior Project Manager/Director
- Mr. Batiuk graduated as a Geologist and brings over 30 years experience as a Project Manager and Senior
Analyst
Dale A. Vitone, BSC – Mining Engineer/Director
- Mr. Vitone has over 45 years of extensive mining and process engineering. He has worked around the world for
major international EPCM corporations
Mike Attaway –PE/ Director
- Mr. Attaway has over 35 years’ experience in developing and operating mines. He has participated in the
construction and start-up of six mines. Three of those mines were gold mines in California: the McLaughlin Mine,
the Colosseum Mine and the Castle Mountain Mine. His mining experience in California totals 17 years.
Michael G. Padley – Director of Finance
- Mr. Padley brings extensive Capital Markets and Institutional Investing experience to the company with his 23
years at Calgary based Peters & Co. Limited. Peters & Co. Limited ("Peters & Co.") is an independent, fully
integrated investment dealer which has specialized for over 41 years in investments in the Canadian energy sector.
Mr. Padley holds a Bachelor of Arts degree from the University of Calgary and resides in Calgary.
Advisory Board Members
Dr .William Bagby
Dr. Bagby, California PG 7396, AIPG CPG-11457, was engaged by the company to lead a highly professional technical team
to conduct a comprehensive review of the recent and historical data generated for the Cahuilla project. Dr. Bagby's
accomplishments to date have been instrumental in advancing Teras' technical understanding of Cahuilla and he will be
playing a critical role in planning Teras' upcoming exploration program focused on the search for deeper high-grade feeder
zones.
Dr. Bagby has more than 35 years experience in the minerals business and is currently the principal of WC Bagby Economic
Geology, which specializes in mineral deposit evaluation, appraisal and mineral resource assessment. Prior to operating his
own company, Dr. Bagby served as a research and economic geologist for the United States Geological Survey for 10 years,
including branch chief, western mineral resources, at Menlo Park, California. Dr. Bagby has also held the position of economic
geologist with Chevron Resources and Homestake Mining Co. (now Barrick Gold Corp.). He received his BA in biology at the
University of California, San Diego, in 1971 and PhD in earth science at the University of California, Santa Cruz, in 1979.
James G. Clark, Ph.D.
Dr. Clark has more than 30 years of mining industry experience, with extensive supervisory and project management
experience in exploration programs for precious and base metals, specialty metals, and industrial minerals. He is the Principal
of Applied Petrographics, a company that provides petrographic and mineralogical services to the mining industry for purposes
of exploration and mineral processing. Dr. Clark played a key role in the initial discovery of the Bear Lodge Critical Rare Earth
resource in northeastern Wyoming. He managed all aspects of Rare Element’s successful exploration program on the
property from the exploration to the development stage. He has specific expertise in the application of petrography and
mineralogy to exploration and mineral processing, and has developed cathodoluminescence (CL) petrographic techniques that
facilitate exploration of epithermal Au-Ag vein systems. During his career Dr. Clark has worked or consulted for a variety of
mining companies, including Molycorp, Barrick Gold, Newmont Mining, Hecla Mining, AngloGold, and CVRD, as well as many
smaller companies. He holds a Ph.D. in volcanic geology and igneous petrology from the University of Oregon, an M.S. in
geological oceanography from Oregon State University, and a B.S. in geology from The Ohio State University. He is a licensed
geologist in the state of Washington.
Advisory Board Members continued;
James Hutch – P.Eng / Director
Mr. Hutch is a Senior Engineer with over 45 years experience. He has served on the Board of
Directors for Goldcorp Inc. as the Lead Director from 1998 to 2004. Mr. Hutch brings many years of
valuable insight as a large gold producer. Mr. Hutch has also served on the Board of Directors for
Teras Resources Inc. for seven years beginning in 2007.
Patrick Louis Fahey, P. Geo, M.Sc.
Mr. Fahey has over 30 years of international exploration experience in gold and base metals ranging
from grass roots through development stage. 2005 to 2011, Pat served as Vice President,
Exploration and Chief Geologist for Quadra Mining Ltd. and Quadra FNX Mining Ltd (now KGHM
International). Under Pat’s lead, the Quadra exploration team discovered and drilled out the major
new Sierra Gorda porphyry copper deposit in Chile, expected to come on stream in mid-2014. His
team also added major new reserves extending the mine life of Quadra’s Robinson mine near Ely,
Nevada. In the 1990’s, Pat was Manager of Southwest Exploration for Magma Copper and then
Principal Geologist for BHP Minerals leading a major porphyry copper generative program in Arizona
and Sonora. He has authored and co-authored a number of papers and abstracts on geology and
ore deposits; and he is a Member of the Geological Society of America, and a Fellow of the Society
of Economic Geologists.
Asset Portfolio:
Cahuilla “Company’s Main Asset” - located in mining friendly Imperial County,
California. Mine Development Associates completed a NI 43-101 resource report;
reporting an indicated resource of 1.0 Million ounces of gold and 11.9 Million ounces
of Silver. There was also an additional inferred resource of 110,000 ounces of gold
and 954,000 ounces of silver. The report was filed on Sedar January 10, 2013.
Watseca - located in Rochester, Montana. Includes a working mill and historical mine
on Patented property. Teras currently has a purchase and sale agreement in place for
the Watseca property.
Golden Jubilee - located in Granite County, Montana. Demonstrates historical high
grade gold mineralization. Currently leased on a 3% Net Smelter Royalty basis.
Asset Portfolio (continued)
Sunny Slope Gold Property – Consist of 16 claims located in Mineral County, Nevada.
The project hosts has a high grade, quartz-gold vein system. Channel samples returned
values from 0.132 to 24.572 ounces per ton gold.
Corral Canyon Gold Property – Consist of 2 claims located in Churchill County, Nevada.
Surface channel samples returned values greater than 0.50 ounce per ton gold. Impressive
specimens of course visible gold were found in the underground workings.
Gold Point Property – Consist of 8 claims located in Sierra County, California. Limited
drilling from 1984 to 1990 encountered intercepts ranging from 8.48 feet of 0.81 ounces per
ton gold to 5.39 feet of 1.212 ounces per ton gold.
Superstition Mountain Gold Property – Consist of 6 claims located in Imperial County,
California. Epithermal precious metal system very similar to Cahuilla and preliminary
exploration indicates strongly anomalous gold throughout the property. One of the surface
samples collected along a fault zone in altered granite assayed 0.821 ounces per ton gold.
Cahuilla Project Highlights
A World Class Gold Project
Teras has satisfied a 100% earn-in interest in the Cahuilla project
Received permits to drill 420 holes, 240 holes completed to date
Project currently has NI 43-101 compliant indicated resource of 1.0 Million
ounces of gold and 11.9 Million ounces of Silver (Source: Mine Development
Associates NI 43-101 report, November 27, 2012).
$1,900,000 in cash to advance Cahuilla in 2015
To date, there has been approximately $12 million dollars spent on the
project; more than 400 core and RC holes have been drilled
Primary Objective - increase the gold grade and gold/silver resource
Cahuilla Project Technical Highlights
GEOLOGY
Mineralization hosted in rhyolite, clastic sediments, fanglomerates and quartz monzonite
Mineralization styles include multiple high grade, banded veins within an extensive
envelop of tabular disseminated gold-silver mineralization
Paleo-geothermal or Low Sulfidation Epithermal Precious Metal System
Multiple deeper high grade “Feeder Vein” targets delineated
INFRASTRUCTURE
Situated in the Salton Sea basin, elevation ≈ 100 meters, low rolling hills, easy access
Environmental assessments to drill approved with no issues; no endangered species
Plentiful groundwater on site, power within 1 kilometer, Highway 86 within 2 km
Project is approximately 80 km from Palm Springs airport, 5 km from Salton Sea Beach
Cahuilla Gold Project
Located: Imperial County, CA, USA
Most “Mining Friendly” County in the State
Situated on: Private and Sovereign Land
Proposed Federal Royalties Do Not Apply
History: Project experience since 1993
Exploration-Mining Agreement:
Exclusive rights to explore, develop and mine
the project
Cahuilla Satellite Image - Infrastructure
Project
Cahuilla Area Location Map
Cahuilla Gold Project Primary Objective
Increase the Gold/Silver Grades at Cahuilla
1. Continue the development of the new high
grade Domain identified from the June 2014 core
diamond drill program to increase both the size
and grade of the resource.
2. Confirm a potential second high grade domain
as indicted through past drill results and current
understanding of the geology at Cahuilla.
3. Discover additional shallow high grade sheeted
veins while expanding the drill footprint in untested
areas
Expanding High Grade Gold and Silver
Mineralization:
Our recent diamond drill program clearly demonstrates that the majority of high
grade gold/silver mineralization is hosted in a sub-vertical vertical vein complex
New geological and geophysical data define linear zones of high grade gold/silver
in distinct west–northwest trends
The existing NI 43-101 resource has restricted the high grade gold/silver due to the
lack of continuity resulting from predominantly vertical reverse circulation drilling
Primary Objective – Drill 6 to 8 additional diamond core holes in the new high
grade domain discovered through the June 2014 diamond drill program. The
company will then update it’s NI 43-101 resource to include these sub vertical
Veins in the new high grade domain. Permits are in progress to drill the remaining
project area including the construction of new roads to areas of strong interest.
Widespread Gold/Silver Mineralization
•
Project Area – More than 3 KM’s along strike and 1 KM wide
Linear Sub-Vertical Linear High Grade Zones
Sub-Vertical Silica Veining in Core Controlling
High Grade Gold/Silver Mineralization
Top of Hole
Top of Hole
Sub-Vertical Quartz Veins
•
•
High grade gold/silver mineralization controlled by sub-vertical veining
Next Phase of Drilling – Angled core holes into linear high grade zones to
define continuity increasing the grade of the NI43-101 resource resulting in
the increase of the total gold and silver ounces within the resource
Shallow and Deep Geophysical Targets
HIGH GRADE TARGET ZONE “A”
HIGH GRADE TARGET ZONE “B”
HIGH GRADE TARGET ZONE “A”
Cahuilla - Central Canyon Area
•
Multiple shallow high grade vein targets recognized throughout the project
Veins hosted in the Canebrake agglomerate unit, averaging 1-15 feet wide on 10-20 foot centers
Cahuilla Project Team Accomplishments
Geophysics and detailed geologic investigations have defined multiple high grade
Deeper Feeder Vein targets throughout the project area and shallower high grade
trends
Identified Multiple new high grade Gold/Silver veins within recently drilled areas;
best results since exploration began in 1987
Discovery of higher grades in vertical / sub vertical Veins through Diamond core drill
program in June 2014
Every new drill hole completed by Teras encountered Gold/Silver mineralization
Mineralization continues to significantly expand in all directions along strike and at
depth
Only a very small percentage of this extensive epithermal system has been tested
Going Forward- Development Plan 2015
Program Objective
Primary objective is to continue developing Cahuilla and
demonstrate its gold/silver potential in a compliant NI 43-101
resource
Identify the potential of the newly discovered high grade domain;
update the NI 43-101 to include 61 drill holes not included in the
current resource and high priority targets scheduled in early 2015
Initiate PEA study
Multi-million ounce potential Gold projects are in demand by the
Majors and extremely rare within North America providing a much
safer political environment with excellent infrastructure…seeking to
monetize and / or Joint Venture
INVESTMENT SUMMARY:
Proven technical team with demonstrated track record including 21
years experience at Cahuilla
June 2014 diamond core drill program and geophysics / geological
information proved a sub-vertical quartz vein complex exists and
carries highest grades (multiple high priority targets exist)
$1,900,000 cash in bank to advance Cahuilla in 2015
Permits in place for 210 additional drill holes at Cahuilla
Permitting balance of project underway and expected to be
completed by Feb 2015
Thank You
Teras Resources Inc.
Creating Qualified World Class Projects
www.teras.ca
Contact Info: Peter Leger, President Teras Resources Inc. 206, 6025 – 12th St. SW Calgary, Alberta, T2H 2K1 Ph 403.262.8411 Fax 403.269.3290 or