Terra Firma Capital Corporation Appoints Mano Thiyagarajah as CFO and Corporate Secretary

Mr. Y. Dov Meyer, CEO and President of Terra Firma Capital Corporation (TSX
VENTURE:TII), a real estate finance company, is pleased to announce the
appointment of Mano Thiyagarajah, MBA, CGA, CPA (Delaware) as Chief Financial
Officer and Corporate Secretary effective February 1, 2013. Mr. Thiyagarajah
replaces Howard Wortzman and Marisa Christenson who are resigning as CFO and
Secretary, respectively.


Mr. Thiyagarajah has extensive experience as a vice president finance and
controller of several major public real estate and asset management companies in
Canada and the United States such as Transglobe Apartment REIT and O&Y REIT and
has been involved in all aspects of accounting, financial reporting, finance and
administration.


"We are very pleased that Mano is joining our team as CFO" commented Mr. Meyer.
"Due to Mano's expertise in the capital markets he will play a major role in the
next phase of Terra Firma's growth. I would like to take this opportunity to
thank Howard Wortzman and Marisa Christenson for their service to Terra Firma
since its inception."


In accordance with the policies of the TSXV, Mr. Thiyagarajah's appointment is
subject to the TSXV's review and approval. 


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 arrange and provide financing with flexible terms to property owners
or developers, as well as to invest in quality commercial and residential
developments by proven real estate developers. Terra Firma offers a full
spectrum of real estate financing under the guidance of strict corporate
governance, clarity and transparency. For further information please visit Terra
Firma's website at www.tfcc.ca.


This Press Release contains forward-looking statements with respect 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. Additional, important
factors that could cause actual results to differ materially 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Terra Firma Capital Corporation
Y. Dov Meyer
President & CEO
416.866.8986
ydmeyer@tfcc.ca
www.tfcc.ca

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