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Terra Nova Completes Cultural Heritage Clearance for the Upcoming Drilling Campaign in PEL 444

ACCESSWIRE

SINGAPORE / ACCESSWIRE / March 30, 2015 / Terra Nova Energy Ltd. (the "Company" or "Terra Nova") (TSX-V: TGC OTCQX: TNVMF) is pleased to announce that it has completed the heritage clearances and environmental assessments required for the Company's upcoming drilling campaign and is applying for site preparation approval as well as drilling permits. The drilling campaign is anticipated to commence end of Q2 2015 on the Company's Petroleum Exploration License 444, located on the western flank of the Cooper/Eromanga Basins in the State of South Australia, Australia.

Henry Aldorf, CEO and Chairman, stated, "Prices for drill rigs and other services have been reduced significantly. Terra Nova is now able to proceed in executing its drill program at significantly lower costs than previously anticipated."

The Company recently completed a $3,000,000 financial transaction for the funding of up to two wells in the upcoming drilling campaign on PEL 444. The Company is currently in the process of reviewing bids from qualified drilling companies to perform this work.

About Terra Nova Energy Ltd.

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Terra Nova Energy Ltd. is an oil and gas company with a right to acquire up to a 49.83% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "TGC" and its ordinary shares trade in the U.S. on the OTCQX marketplace under the symbol "TNVMF."

For more information please contact:

Terra Nova Energy Ltd.

Lydia Danis

Corporate Communications

T: +1 604 200 1039

Email: lydia@terranovaenergyltd.com

Nico Civelli

VP Finance

T: +65 9395 8990

Email: nico@terranovaenergyltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Terra Nova Energy Ltd.