Terra Resources Names New President

Terra Resources welcomed Dmitriy Salop to its management team. Mr. Salop joined Terra Resources as President effective immediately.

Mr. Salop brings to his new role as President a strong background in the management of oil and gas assets in Russia, logistics, transportation, and government relations. Over the last 15 years, Mr. Salop has served as president, managing director, and in other high level executive positions in major Russian enterprises engaged in oil investing, production, trading, transportation, manufacturing, and equipment sales.

"Mr. Salop's passion, vision, and proven leadership experience in the oil and gas industry in Russia make him an ideal choice to lead Terra Resources," noted Charles Salisbury, director and secretary of Terra Resources.

Recognized as an accomplished business executive, Mr. Salop served as Deputy General Director of Ogo-Profit, a Russian based enterprise developing Russian national strategic reserves of oil. He was a senior executive at RayzInvest, an exporter of resources within the Russian Federation. Subsequently, Mr. Salop served as General Director of Arco Petroleum, setting the firm's global business agenda in oil and gas investments, oil product trading, government agencies, vendor, and trading partners' policies. As an expert and executive at ZAO Logovaz, Mr. Salop was in charge for equipment realization and transportation, and at Silver Capital, Mr. Salop managed export of industrial and oil field equipment.

Mr. Salop completed his undergraduate education in UK and Ukraine. He earned his graduate degree in Economics and Business Administration from Economics Institute, Zoloturn, Switzerland, and his graduate law degree from the renowned Moscow Government law Academy. Mr. Salop is a passionate philanthropist, supporting numerous charitable and civic causes.