EANS-News: Terrex Announces Management Appointments and Operations Update

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Board of Directors (Appointments and Changes)

Calgary (euro adhoc) - Terrex Energy Inc. ("Terrex" or the "Company")
(TSX-V: TER) is pleased to announce the strengthening of its
management and technical teams through the addition of Mr. Tony
Berthelet, P. Eng., and Mr. Marten Perdue, P. Eng. and provide a
brief update on its enhanced oil recovery (EOR) projects at
Strathmore and Two Creek in Alberta.

Mr. Berthelet is joining Terrex in the position of Vice-President,
Operations and Production. He is a professional engineer with 14
years of production and operation engineering experience with
expertise in the delivery of water floods and EOR projects in Canada
and internationally. He was most recently Business Unit Manager - Oil
and EOR for an intermediate independent oil and gas company where he
led a team of 60 professionals producing 28,000 barrels of oil
equivalent. Tony has had increasing levels of responsibilities as an
engineer at several previous companies. Tony is a registered
Professional Engineer with APEGGA and a registered Project Management
Professional (PMP) with the Project Management Institute (PMI). He
graduated from the University of Saskatchewan in 1998 with a B.Sc. in
Geological Engineering.

In conjunction with this announcement, and in accordance with the
company's previously approved stock option plan, the board of
directors granted 1.2 million options to Mr. Berthelet to purchase
common shares in the capital of the company. The options each have an
exercise price of 13 cents per share, are exercisable for a period of
five years and vest in one-third increments with one-third vesting
immediately and the remainder on the first and second anniversaries
from the date of grant. This grant of options is subject to
acceptance by the TSX Venture Exchange.

Mr. Perdue has accepted the position of Sr. Operations Manager with
responsibility for the construction and commissioning of the Company
ASP facilities at Strathmore. Marten is a professional engineer with
over 25 years of experience with expertise in facilities, operations
and project management. Marten has worked for several major and
junior oil and gas companies and has been responsible for the
planning, execution and start-up of multiple multi-million dollar
development and infra-structure projects. He graduated from the
University of Alberta in 1985 with a B.Sc. in Mechanical Engineering.

Operations Update

The Strathmore Chemical EOR facilities and water treatment plant
builds are complete; and will be moved in place when site readiness
is finished. We expect to begin this construction at the end of
November 2011 with chemical injection and the restart of the water
flood anticipated to begin early in 2012.

At Two Creek, technical evaluations of the A and B Pools are underway
to design the optimal EOR development plans. Two horizontal in-fill
drill sites for wells are being readied to better develop the A Pool
and add additional production prior to implementing the EOR programs.

The Strathmore and Two Creek properties are characterized by large
original oil-in-place reservoirs of about 20 million barrels each
according to the ERCB, with relatively low recoveries to date, of
approximately 25 per cent and 12 percent respectively. We believe
that optimization and enhanced oil recovery programs, consistent with
our overall business plan, can significantly increase production and
recoverable reserves.

Additionally, Terrex continues to identify and assess potential
property acquisitions that are appropriate for enhanced oil recovery
and production optimization. Terrex looks to take advantage of high
impact and large original oil-in-place reservoirs and existing
infrastructure.

About Terrex Energy Inc.

Terrex Energy Inc. is a Calgary-based junior oil company that
specializes in the application of proven Enhanced Oil Recovery (EOR)
methods to improve oil production from mature pools. We target
underexploited and undercapitalized light-to-medium oil reservoirs in
Western Canada. Our shares are listed on the TSX Venture Exchange
under the symbol 'TER'.

Neither the TSV Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of Canadian
securities laws. All statements other than statements of historical
fact are forward-looking statements. In particular, this press
release contains forward-looking statements pertaining to
expectations of management regarding the the characteristics of the
property, including the expectation that the property will be a good
candidate for Improved and Enhanced Oil Recovery programs; the
expected timing of the planning, evaluation and development of the
programs, and the success of such programs. In addition, statements
relating to "reserves" are deemed to be forward-looking statements as
they involve the implied assessment, based on certain estimates and
assumptions, that the reserves described exist in the quantities
predicted or estimated and can be profitably produced in the future.

Undue reliance should not be placed on forward-looking statements,
which are inherently uncertain, are based on estimates and
assumptions, and are subject to known and unknown risks and
uncertainties (both general and specific) that contribute to the
possibility that the future events or circumstances contemplated by
the forward-looking statements will not occur. Assumptions include,
among other things: future capital expenditure levels; the ability to
secure regulatory approval, future oil and natural gas prices; future
oil and natural gas production levels; the success of IOR and EOR
programs; the ability to obtain equipment in a timely manner to carry
out development activities; the ability to market oil and natural gas
successfully; and the impact of increasing competition.

Although Terrex believes that the expectations reflected in the
forward looking statements contained in this press release, and the
assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document, as
there can be no assurance that the plans, intentions or expectations
upon which the forward-looking statements are based will occur. By
their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that
contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause Terrex's actual performance and results in future
periods to differ materially from any estimates or projections of
future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
among other things, the following: volatility in market prices for
oil and natural gas; failure to complete planned financing
activities; general economic conditions in Canada; and the other
factors. Readers are cautioned that this list of risk factors should
not be construed as exhaustive.

The forward-looking statements contained in this news release are
made as of the date hereof and Terrex does not undertake any
obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement.

Further inquiry note:
please contact Kim Davies, President & CEO, or Norm Knecht, VP Finance & CFO, at
(403) 264-4430, or visit Terrex's website at terrexenergy.ca.

end of announcement euro adhoc
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company: Terrex Energy Inc
950, 630 - 6 Avenue S.W.
CA-T2P 0S8 Calgary
phone: +1-403-264-4430
WWW: http://www.terrexenergy.ca/
sector: Oil & Gas - Upstream activities
ISIN: CA8814551096
indexes:
stockmarkets: stock market: Frankfurt
language: English