EANS-News: Terrex Energy Inc.

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Strategic management decisions/Special Committee

Calgary (euro adhoc) - Terrex Energy Inc. ("Terrex" or the "Company")
(TSX-V: TER) announces that a special committee (the "Special
Committee") of the board of directors has been formed and the Special
Committee has engaged Nova Bancorp Securities Ltd. ("Nova Bancorp"),
on a non-exclusive basis, to assist the Special Committee and
management with an initial focus on the identification and evaluation
of various future financing strategies for the Company and its
enhanced oil recovery programs at Strathmore and Two Creek.

Nova Bancorp is a Non-Arm's Length Party (as the term is defined in
Policy 1.1 of the TSX Venture Exchange Corporate Finance Manual) in
relation to the Company because Harry Knutson is a director of both
Terrex and Nova Bancorp.

About Terrex

Terrex Energy Inc. is a Calgary based junior oil company that focuses
on the application of proven enhanced oil recovery methods to improve
oil production from existing mature fields. Terrex targets
underexploited and undercapitalized light to medium oil reservoirs in
Western Canada. The Company's shares are listed on the TSX Venture
Exchange under the trading symbol "TER".

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

Further inquiry note:
Kim Davies, President & CEO, or Norman Knecht, VP Finance and CFO, at (403)
264-4430, or visit the Company`s website at www.terrexenergy.com

end of announcement euro adhoc
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company: Terrex Energy Inc
950, 630 - 6 Avenue S.W.
CA-T2P 0S8 Calgary
phone: +1-403-264-4430
WWW: http://www.terrexenergy.ca/
sector: Oil & Gas - Upstream activities
ISIN: CA8814551096
indexes:
stockmarkets: stock market: Frankfurt
language: English

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