24 January 2012 Company Announcement ASX ANNOUNCEMENT

ASX CODE: TMX, TMXOA

CAPITAL STRUCTURE

DIRECTORS & KEY MANAGEMENT

Dick Sandner Non-Exec Chairman Jonathan Lim Non-Exec Vice Chairman Alan Coles Managing Director

Paul Dickson Non-Exec Director

Ian Hobson Company Secretary

PRINCIPAL REGISTERED OFFICE

Terrain Minerals Ltd

ABN: 45 116 153 514

SECOND DRILL RIG FOR AZTEC DOME

Terrain Minerals is pleased to announce that a second diamond drill rig from DDH1 has commenced work at Aztec Dome. It has completed pre collaring the holes and started drilling the first hole, AZRCDD013 into the EM anomaly on the Eastern side of the dome. This target is a massive nickel sulphide zone at a depth of 200 metres.
Drilling the second 1km deep stratigraphic diamond hole AZRCDD0012 on the western side of the Aztec Dome is underway. This hole is aimed to show that the rock sequence at Aztec Dome is similar to Kambalda Dome. The Kambalda sequence is basalt overlying ultramafics with a basalt base on which the massive nickel sulphide ore bodies occur.

Suite 4, Level 1

230 Rokeby Road

Subiaco 6008

Western Australia

On behalf of the Board:

Alan Coles

Postal Address

PO Box 1702

Subiaco WA 6904

CONTACT

Alan Coles

Managing Director

Terrain Minerals Ltd ABN: 45 116 153 514

Terrain Minerals Ltd

PH: +61 8 9381 5558

Fax: +61 8 9381 5551

WEB: www.terrainminerals.com.au
EMAIL: terrain@terrainminerals.com.au

Contact

Telephone: +61 8 9381 5558

Facsimile: +61 8 9381 5551

Email: terrain@terrainminerals.com.au

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Project Locations Map Aztec Dome EM Anomaly

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Second Drill Rig for Aztec Dome