Terrane Metals Corp.: Mt. Milligan Receives Mines Act Permit From British Columbia Government

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2009) - Robert Pease, President and CEO of Terrane Metals Corp. ("Terrane" or the "Company") (TSX VENTURE:TRX), is pleased to announce that the Company has received a Mines Act Permit (the "Permit") from the Province of British Columbia for its Mt. Milligan Copper-Gold Project (the "Project"). Receipt of the Permit followed a comprehensive and detailed review led by the Mining and Minerals Division of the BC Ministry of Energy, Mines and Petroleum Resources.

Robert Pease, President and CEO of Terrane, stated: "Receipt of the Permit is another key milestone for Mt. Milligan. This Permit, together with other approvals that are now under review, including the Canadian Environmental Assessment Act approval anticipated in Q4 2009, will allow us to proceed with the Project and create sustainable value for the region."

The Permit is the key approval for construction and operations activities on the mine site, and allows mine site construction activities to commence upon receipt of timber cutting and fisheries approvals.

About Terrane Metals Corp.

Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada. Goldcorp Inc. (TSX:G)(NYSE:GG) owns a 59% equity interest in Terrane on a fully diluted basis.

TERRANE METALS CORP.

Robert Pease, P.Geo, FGAC, President and CEO