Update on Tender Offer From Terra Nova Royalty Corporation

News provided by

Oct 22, 2010, 07:30 ET

HONG KONG, Oct. 22 /PRNewswire-FirstCall/ -- Mass Financial Corp. ("Mass") (Vienna Stock Exchange symbol: MASS) (Pink Sheets: MFCAF) is pleased to provide the following update in respect of the offer (the "Tender Offer") by Terra Nova Royalty Corporation and its wholly-owned subsidiary ("Terra Nova") to acquire all the outstanding class A common shares (the "Mass Shares") of Mass for consideration consisting of one common share of Terra Nova for each Mass Share. The Tender Offer is currently set to expire at 11:59 p.m. (New York time) on November 8, 2010.

Mass's Board of Directors has recommended that Mass shareholders accept the Tender Offer and that such shareholders tender their shares under the Tender offer. Mass has mailed a directors' circular to Mass shareholders that provides further information respecting the recommendation, a copy of which is available on Mass's website (www.massfinancialcorp.com).

Terra Nova has mailed offering documents, including a prospectus and a letter of transmittal, to holders of record of Mass Shares. Shareholders of Mass who hold their shares in their own name and wish to tender their shares pursuant to the Tender offer, must complete and sign the letter of transmittal sent to them along with the prospectus and send it, along with their share certificate(s) and any other required documents to BNY Mellon Shareowner Services, the exchange agent and depository under the Tender Offer, at:


By Mail BNY Mellon Shareowner Service Attention: Corporate Action Dept. PO Box 3301 South Hackensack, NJ 07606	By Hand or Courier BNY Mellon Shareowner Service Attention: Corporate Action Dept. 480 Washington Blvd, 27th Floor Jersey City, NJ 07310

Shareholders who hold their Mass Shares in "street name" through a broker and wish to tender should contact their brokers as soon as possible and instruct their brokers to tender their Mass Shares pursuant to the Tender offer.

In order to receive common shares of Terra Nova under the Tender Offer, Mass shareholders must tender their Mass Shares prior to the expiry time of the Tender Offer, which is 11:59 p.m. (New York time) on November 8, 2010. Certain banks and brokerage firms may have earlier deadlines for receiving instructions from their clients. Shareholders should check with their bank or broker to determine if such a deadline exists.

Shareholders who have any questions regarding the procedure for tendering shares under the Tender Offer should contact the information agent for the Tender Offer at:

Georgeson Inc.
199 Water Street, 26th Floor
New York, New York 10038
Toll-Free: (800) 561-2871
Banks and Brokerage Firms call collect: (212) 440-9800

Mass will not be holding a shareholders' meeting in connection with the Tender offer and is not seeking proxies from Mass shareholders in such regard.

The offering documents mailed to Mass shareholders contain important information about the Tender Offer and other related transactions and should be read before any decision is made by a shareholder of Mass with respect to the Tender offer. Investors may obtain copies of the prospectus and the letter of transmittal through the website maintained by the SEC at www.sec.gov.

About the Company:

Mass is an integrated commodities and financial services company. It conducts its operations internationally and its activities include the supply and sale of commodities, proprietary investing and financial services. To obtain further information, please visit our website at www.massfinancialcorp.com.