TerraBioGen Arranges Financing and Settles Liability

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2013) - TerraBioGen Technologies Inc., a developer of proprietary technologies for the production of organic-based, high-value agricultural products, announces that it has arranged financing through a private placement scheduled to close in 2 tranches.

The first tranche of 41,000 units at $10.00 per unit has closed for proceeds of $410,000. Each unit consists of one common share and one warrant exercisable at $12.00 per share for 5 years. The second tranche on the same terms is expected to close by the end of July 2013.

These funds will be applied primarily to the Company's research and development activities. TerraBioGen is actively working on the development and formulation of agriculturally bioactive compounds. The Company has shipped product for extensive growing trials this summer with focus on the formulation and delivery of these materials to a wide range of crops.

The Company also announces that it has settled a $50,000 liability and will be issuing units at $10.00 per unit. These funds were advanced to the Company in 2007 and the Company will issue 5,000 common shares and 5,000 warrants exercisable at $12.00 per share for 5 years

About TerraBioGen

TerraBioGen Technologies Inc. is committed to research and development to continue to improve the efficiency of its technology, its methodology, and the quality of its agricultural products. It is further committed to developing a world-wide marketing capability to ensure market acceptance of its products.

This news release contains certain statements that may be deemed "forward-looking" statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although TerraBioGen believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of TerraBioGen's management on the date the statements are made. Except as required by law, TerraBioGen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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