Teras Resources Inc. (Teras) is engaged in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. The Company�s properties include Watseca Mills, Golden Jubilee, Spanish Canyon and Tombstone. Teras�s main asset is the Cahuilla project, which is located in northwest Imperial County, California. The Cahuilla Project is an epithermal, sediment-hosted, hot springs vein, stockwork and disseminated gold-silver system hosted along a major east-west striking structural zone. The Golden Jubilee Property is a gold vein deposit which consists of a 227 acre claim block located near Philipsburg, Granite County, in south eastern Montana. The Watseca Mill Property which is located in Rochester Basin, Montana, includes a mill site and patented mining claims which contain exploited and untested gold vein deposits. The Spanish Canyon and Tombstone properties are early stage exploration properties.