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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>UNITED STATES </B></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center>Washington, D.C. 20549 </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:18pt" align=center><B>FORM 8-K </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>CURRENT REPORT </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Date of Report (Date of earliest event reported): October 17, 2008</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B><U>Terra Nostra Resources Corp.</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Exact name of registrant as specified in its charter) </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE cellspacing=0><TR><TD valign=top width=600><P style="margin:0pt; font-family:Times New Roman" align=center><B><U>Nevada</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(State or other jurisdiction</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>of incorporation)</P>
</TD><TD valign=top width=1600><P style="margin:0pt; font-family:Times New Roman" align=center><B><U>000-49631</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Commission File Number)</P>
</TD><TD valign=top width=600><P style="margin:0pt; font-family:Times New Roman" align=center><B><U>86-0875500</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(IRS Employer</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Identification No.)</P>
</TD></TR>
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<P style="margin:0pt; font-family:Times New Roman" align=center><B><U>61 Broadway, 32<SUP>nd</SUP> Floor New York, NY 10006</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;(Address of principal executive offices and Zip Code) </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Registrant's telephone number, including area code: <B>(212) 248-0936</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Copies to:</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Darrin M. Ocasio, Esq.</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Sichenzia Ross Friedman Ference LLP</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>61 Broadway, 32<SUP>nd</SUP> Floor</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>New York, New York 10006</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Phone: (212) 930-9700</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Fax: (212) 930-9725</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; font-family:Times New Roman">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; font-family:Times New Roman">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0pt; font-family:Times New Roman">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="page-break-before:always; margin-top:4.15pt; margin-bottom:4.15pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><B>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">On October 17, 2008, the Board of Directors of Terra Nostra Resources Corp. (the &#147;Company&#148;) authorized the removal of Sun Liu James Po as the Company&#146;s Chief Executive Officer effective immediately. &nbsp;Mr. Po shall continue to serve on the Company&#146;s Board of Directors but shall no longer serve as Chairman.</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">The Board of Directors also authorized the removal of Mr. Po from the Board and as Chairman of Shandong Jinpeng Metallurgical Co., Ltd. and Shandong Quanxin Stainless Steel Co. Ltd., the two Sino-Foreign Joint Venture Companies.</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman"><B>SIGNATURES </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:216pt; text-indent:36pt; font-family:Times New Roman"><B>Terra Nostra Resources Corp.</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:252pt; font-family:Times New Roman"><I>&nbsp;</I></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman">Date: October 23, 2008</P>
<P style="margin:0pt; text-indent:252pt; font-family:Times New Roman"><U>/s/ Don G Burrell</U></P>
<P style="margin:0pt; padding-left:72pt; text-indent:180pt; font-family:Times New Roman">Don G Burrell</P>
<P style="margin:0pt; padding-left:72pt; text-indent:180pt; font-family:Times New Roman">Director</P>
<P style="margin:0pt; padding-left:72pt; text-indent:180pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman"></P>
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{"company-data": {"conformed-name": "TERRA NOSTRA RESOURCES CORP.", "cik": "0001167370", "assigned-sic": "3330", "irs-number": "860875500", "state-of-incorporation": "NV", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49631", "film-number": "081137767"}, "business-address": {"street1": "790 E. COLORADO, 9TH FLOOR", "city": "PASADENA", "state": "CA", "zip": "91101", "phone": "626-796-0088"}, "mail-address": {"street1": "790 E. COLORADO, 9TH FLOOR", "city": "PASADENA", "state": "CA", "zip": "91101"}, "former-company": [{"former-conformed-name": "TERRA NOSTRA TECHNOLOGY LTD", "date-changed": "20030425"}, {"former-conformed-name": "TERRA NOSTRA RESOURCES LTD", "date-changed": "20020213"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 17, 2008
Terra Nostra Resources Corp.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction
of incorporation)
000-49631
(Commission File Number)
86-0875500
(IRS Employer
Identification No.)
61 Broadway, 32
nd
Floor New York, NY 10006
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code:
(212) 248-0936
Copies to:
Darrin M. Ocasio, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32
nd
Floor
New York, New York 10006
Phone: (212) 930-9700
Fax: (212) 930-9725
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
On October 17, 2008, the Board of Directors of Terra Nostra Resources Corp. (the "Company") authorized the removal of Sun Liu James Po as the Company's Chief Executive Officer effective immediately.  Mr. Po shall continue to serve on the Company's Board of Directors but shall no longer serve as Chairman.
The Board of Directors also authorized the removal of Mr. Po from the Board and as Chairman of Shandong Jinpeng Metallurgical Co., Ltd. and Shandong Quanxin Stainless Steel Co. Ltd., the two Sino-Foreign Joint Venture Companies.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Terra Nostra Resources Corp.
Date: October 23, 2008
/s/ Don G Burrell
Don G Burrell
Director