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Quaterra Resources acquires key land covering Bear Deposit

Quaterra Resources announces that it now has four option agreements in place covering 1,305 acres of private land north and east of the Yerington Mine Site overlying part of the Bear copper deposit. Under the terms of the agreements, Quaterra has exclusive rights to explore these parcels with an option to purchase. The agreements also provide the Company an exclusive option to purchase surface water rights and supplemental storage water rights. These recently optioned water rights are in addition to the 8,628 acre-ft/year of primary ground water rights already owned by the company at the Yerington Mine site that are permitted specifically for mining and milling.