Terra Firma Capital Corporation Completes Land Acquisition and Construction Loan

Terra Firma Capital Corporation, (TSX VENTURE:TII) ("Terra Firma") is pleased to
announce that it has completed a land acquisition and construction loan (the
"Loan") on a development to be built at the corner of Queenston Road and Nash
Road North in Hamilton. The development will contain a 29,000 square foot free
standing food store. 


The total commitment provided by Terra Firma was $4,600,000. Terra Firma
partnered with a major institutional lender on the transaction. At closing Terra
Firma funded $1,076,000 and the balance will be funded in future draws as
construction proceeds. The Loan has a term of 18 months, is secured by a first
mortgage on the property and has full recourse to the borrower and its
principals.


Mr. Y. Dov Meyer, Terra Firma's CEO and President, commented: "We are very
pleased with this transaction. The loan demonstrates Terra Firma's ability to
source and underwrite attractive loans, in this case a land acquisition and
construction facility supporting a fully leased retail site in a strong location
within a vibrant retail node with an accomplished developer. This loan is
consistent with our philosophy of leveraging our balance sheet by partnering
with strong institutional lenders, a key element of our business plan." 


About Terra Firma 

Terra Firma is a full service, publicly traded real estate finance company that
provides customized equity and debt solutions to the real estate industry. Our
focus is to provide flexibility to property owners who may be limited by
conventional bank financing and to invest in quality commercial and residential
developments. Terra Firma offers a full spectrum of real estate financing under
the guidance of strict corporate governance, clarity and transparency.


This Press Release contains forward-looking statements with respect to matters
concerning the business, operations, strategy and financial performance of Terra
Firma. These statements generally can be identified by use of forward looking
word such as "may", "will", "expects", "estimates", "anticipates", "intends",
"believe" or "could" or the negative thereof or similar variations. The future
business, operations and performance of Terra Firma could differ materially from
those expressed or implied by such statements. Such forward-looking statements
are qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Forward-looking statements are based on a
number of assumptions which may prove to be incorrect. Factors that could cause
actual results to differ material from expectations include, among other things,
general economic and market factors, local real estate conditions, competition,
changes in government regulation, dependence on tenants' financial conditions,
interest rates, the availability of equity and debt financing, environmental and
tax related matters, and reliance on key personnel. There can be no assurances
that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. The cautionary statements qualify all forward-looking statements
attributable to Terra Firma and persons acting on its behalf. Unless otherwise
stated, all forward looking statements speak only as of the date of this Press
Release and Terra Firma has no obligation to update such statements except as
required by law.

Terra Firma Capital (TSXV:TII)
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