Terra Nova Royalty Corporation Completes Acquisition of Mass Financial Corp.

Terra Nova Royalty Corporation (NYSE: TTT) is pleased to announce that, further to its news release dated November 16, 2010, it has, though a wholly-owned subsidiary, acquired all of the remaining outstanding class A common shares of Mass Financial Corp. that were not tendered pursuant to Terra Nova's tender offer, which expired on November 8, 2010. Subsequent to the acquisition, Terra Nova effected the amalgamation of Mass and TTT Acquisition Corp., its wholly owned subsidiary.