Terra Firma Closes Private Placement of $540,000

Vancouver, British Columbia, Canada, March 17, 2011 --(PR.com)-- Terra Firma Resources Inc. (TSX-V: TFR) (“Terra Firma” or “the Company”) is pleased to announce that the Company has closed a non-brokered private placement of 3,000,000 units at $0.18 per unit for gross proceeds of $540,000. Each unit consists of one common share and one-half of a common share purchase warrant. Each full warrant shall entitle the holder to purchase one additional common share of the Company at $0.25 per share in the first year and $0.35 per share in the second year. The securities issued are subject to a hold period expiring on July 15, 2011. The proceeds will be used for the acquisition of properties, exploration programs, and general working capital. A finder’s fee was paid in accordance with the policies of the TSX Venture Exchange.

About Terra Firma Resources
Terra Firma is a mineral exploration company headquartered in Vancouver, BC, Canada. The Company’s objective is to develop a balanced portfolio of properties through a combination of grassroots prospecting, property acquisitions and the formation of strategic relationships. The Company is currently investigating a number of potential gold prospects in Java, Sumatra and Sulawesi Indonesia, with the desire to acquire properties of merit.

If you are not currently on the Terra Firma updates list, please send in your email address to info@terrafirmaresources.com. The Company will send out regular updates and news releases to everyone who asks to be on the list. For further information about the Company visit the website at www.terrafirmaresources.com or SEDAR at www.sedar.com or Jamie Hyland, Tribeca Capital Partners Inc. at (604) 998-4730.

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