Terra Nostra Technology Ltd: Completion of Acquisition of Corporation CCIP Inc.

Business Editors

MONTREAL--(BUSINESS WIRE)--April 14, 2003

Terra Nostra Technology Ltd (OTCBB: TNRL) (the "Company", formerly Terra Nostra Resources Ltd) is pleased to announce the following:

Acquisition of Corporation CCIP inc.

The Company has completed its transaction with 9126-2238 Quebec inc. ("Quebec inc.") pursuant to an agreement between the parties dated as of March 28, 2003. The Company acquired all of the issued and outstanding shares in the capital of Corporation CCIP inc., a Quebec corporation, from Quebec inc. in consideration for the issuance to Quebec inc. of 15,000,000 shares of common stock in the capital of the Company representing a price of 9 000 000 $ US or 0.60 $ per share as a result. Quebec inc. is now the majority shareholder of the Company.

CCIP is one of the only two corporations offering viral bio insecticides produced by them on the North American market. CCIP owns the rights on three viral bio insecticides products registered in Canada and in United States.

One of these registered products is used to control the American, European and Asian gypsy moth. It is the only viral bio insecticide for gypsy moth on the market and offers a significant cost savings versus chemicals products. The products produced by CCIP are natural and do not interfere in the biology of the plants or other animals or insects.

CCIP's products developed for the North American market are very promising for the international market. The South American and Asian markets are particularly interesting for agricultural products since very often the devastating insects from those regions are similar to those in North American. The first product in that will be commercialized in Asia is Disparvirus, which is used against the gypsy moth. CCIP believes that this product can be adapted for the use in other country in the world. CCIP has the capacity and expertise to develop other viral bio insecticide for specific needs.

Name Change to Terra Nostra Technology Ltd

In connection with the acquisition of Corporation CCIP inc., the Company has changed its name to "Terra Nostra Technology Ltd" effective April 1, 2003 further to written shareholder consents received. All registered shareholders of the Company will be sent a notice of the name change with a letter of transmittal containing instructions to exchange their existing share certificates for new share certificates representing shares in the name of Terra Nostra Technology Ltd. The change of the company's name will not result in a new CUSIP number nor an new trading symbol for the Company. The Company has been advised that its shares will commence trading under the name Terra Nostra Technology Ltd on April 11th 2003.

New Directors and Officers

In connection with the change of control of the Company to Quebec inc., the new directors and officers of the Company are as follows:

Regis Bosse - President, Chief Executive Officer and Director

Richard St-Julien - Corporate Vice-President, Secretary and Director

Louis Nadeau - Executive Vice-President and Director

Philippe Lamontagne -Vice-President Development and Director

Marc Fournier - Vice-President Scientific Research and Director

The following is some background information on the new directors and officers of the Company:

Regis Bosse is a member of the Professional Corporation of Certified General Accountants of Quebec. He has 25 years of experience in the financial industry as accountant, auditor and financial advisor. He started his own expert accounting firm after working as director for the firm of Deloite & Touche. Mr. Bosse also worked four years as a securities broker and financial advisor for Desjardins Securities. During his career, Mr. Bosse has been involved in international financing in Canada and in Europe (Geneva, Zurich, Lyon). He has been an officer and/or a strategic partner in a number of private and public companies involved in mining exploration.

Richard St-Julien is a lawyer who received his Bachelor of Laws degree from the University of Ottawa in 1991. He practices in the areas of corporate and securities law and has acted for a number of companies originally listed on The Montreal Exchange and now on the Canadian Venture Exchange. Mr. St-Julien has considerable experience in advising on international business transactions involving both public and private companies.

Mr. Nadeau is the President and a member of the Board of Directors of CCIP. In fact, Mr. Nadeau is a co-founder of the Corporation. Before that, he worked in many sectors of activity including management of an Internet company and an entertainment and distribution company. He was also the director of a company who created natural scale interactive games. Mr. Nadeau is an experienced businessman and he has been involved in project financing for CCIP.

Mr. Fournier is a co-founder of CCIP and has a Masters Degree in Behavioral Ecology, and has been working in insects for more than eight years. He was Head of the Entomology section of the Laboratory of Biocontrol in the Horticulture Research Center (CRH) at Laval University. He participated in several projects, the common purpose of which was to find an agent for biologic fight (predatory insect, virus, bacteria, mushroom or nematode) for the repression of devastating pests in agriculture. He has worked on programs about synergy between biopesticides with Btt base and the predators of the Colorado beetle of the potato. During those years he has acquired precious training and experience to develop programs to control devastating or harmful insects.

Mr. Lamontagne has a bachelor degree in biology. He worked three years as entomologist on a project to integrate pest management for Balsam fir aphids. He worked to reduce the pesticides utilisation by the use of natural enemies against pests. He developed an aphids resistant Balsam Fir tree. After that he created a toy company, which produced puzzles for young children. Finally, he jointed CCIP and become a supervisor of the company.