Quaterra Announces Increased Silver Resource at Nieves

- August 5th, 2010

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) and 50% joint-venture partner Blackberry Ventures 1, LLC, today announced that Caracle Creek International Consulting Inc. of Toronto, Canada, has completed an updated NI 43-101 compliant independent resource estimate for its Nieves silver property in northern Zacatecas, Mexico.

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) and 50% joint-venture partner Blackberry Ventures 1, LLC, today announced that Caracle Creek International Consulting Inc. of Toronto, Canada, has completed an updated NI 43-101 compliant independent resource estimate for its Nieves silver property in northern Zacatecas, Mexico.

The press release is quoted as saying:

The mineral resource estimate for the Nieves Property was completed by independent consultant Michelle Stone, P.Geo., Caracle Creek International Consulting Inc., using accepted, industry standard methods that conform with National Instrument 43-101. The resource model was been developed using Gemcom Surpac (v6.1.3).

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