Terra Energy Announces Additions to Management Team

CALGARY, ALBERTA–(Marketwired – Sept. 30, 2013) – Terra Energy Corp. (“Terra” or the “Company”) (TSX: TT) is pleased to announce the appointment of Richard Campbell, P.Eng as Vice President, Production Operations and Gerald Wendland, P. Geol. as Chief Geologist.

Mr. Campbell joined the Company a year ago as General Manager of Production Operations. Mr. Campbell has had an extensive career in the oil and gas industry with over 30 years of engineering, predominantly in the areas of oil and liquids drilling and completions, and business development. Rick’s experience in developing and exploiting oil and liquids plays, maximizing production, optimizing company assets and enhancing waterflood projects will support the Company’s renewed focus on oil and gas liquids.

Mr. Wendland is a seasoned geologist and brings a wealth of experience to the Company. In his professional career of over 30 years in the oil and gas industry Mr. Wendland has enjoyed success both geotechnically, where he has successfully generated many hydrocarbon prospects across the Western Canadian Sedimentary Basin, and from a strategic business perspective, where he has founded, directed and grown both public and private oil and gas companies based in Calgary. Gerald will oversee the Company’s geotechnical objectives of pursuing, identifying and developing oil and gas liquids opportunities.

The Company also wishes to announce the departure of John Behr. Mr. Behr has made significant contributions to the growth of the organization during his tenure, and played a key role in both advancing the Company’s Montney play and the recent sale process involving the Montney assets. On behalf of the Board of Directors and the management of the Company, we wish him the very best in his future endeavours.

Terra is a junior oil and gas corporation engaged in the exploration for, and development and production of, natural gas and oil in Western Canada. Terra’s common shares trade on the Toronto Stock Exchange under the symbol ‘TT’.

Forward-Looking Statements

This media release may contain certain statements which constitute forward-looking statements or information (“forward-looking statements”). Although Terra believes that the expectations reflected in our forward-looking statements are reasonable, our forward- looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate. Those expectations, factors and assumptions are based upon currently available information available to the Company. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Terra does not undertake any obligation to publicly update or to revise any of the included forward- looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.