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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; font-family:Times New Roman" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>August 21, 2008 (August 15, 2008)</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Date of Report (Date of earliest event reported)</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>TERRA NOSTRA RESOURCES CORP.</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" align=center><BR></P>
<TABLE cellspacing=0><TR><TD style="border:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Nevada</B></P>
</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>000-49631</B></P>
</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>86-0875500</B></P>
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<TR><TD style="border-left:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or other jurisdiction</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>of incorporation)</P>
</TD><TD style="border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Commission File No.)</P>
</TD><TD style="border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=192><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(IRS Employer</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Identification No.)</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>790 East Colorado Blvd., 9<SUP>th</SUP> Floor</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Pasadena, CA 91101</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Address of principal executive offices, including zip code)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Registrant's telephone number, including area code: <B>(626) 796-0088</B></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin:0pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I>&nbsp;</I></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I>o</I></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I></I><FONT FACE="Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
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<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I>o</I></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I></I><FONT FACE="Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
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<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I>o</I></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I></I><FONT FACE="Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I>o</I></P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Wingdings; font-size:11pt" align=justify><I></I><FONT FACE="Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 5.02</B></P>
<P style="margin:0pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>On August 15, 2008, Michel Plante, a Director of Terra Nostra Resources Corp. (the &#147;Company&#148;), informed the Board of Directors of the Company that he was resigning from the Board of Directors effective immediately. &nbsp;Mr. Plante did not resign as the result of any disagreement with the Company. &nbsp;Mr. Plante advised the Company that he had joined the Company&#146;s Board of Directors on November 23, 2007 with the intent to form an audit committee to meet the listing requirements of the American Stock Exchange. &nbsp;The audit committee was not formed until just prior to the annual meeting of the shareholders held in June 2008; and had only come into function during the last month with preparation of the current audit. &nbsp;With the Company not currently able to progress its American Stock Exchange listing, and due to the fact that the Company being listed on OTC:BB does not require an audit committee, Mr. Plante advised the Company he had determined to resign from both the Board of the Company and as Chair of the audit committee.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<TABLE cellspacing=0><TR><TD style="border:1 solid #000000" valign=top width=334.533>&nbsp;</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=21.467>&nbsp;</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=35.733>&nbsp;</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=7.133>&nbsp;</TD><TD style="border-top:1 solid #000000; border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=320.933><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">TERRA NOSTRA RESOURCES CORP.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">August 21, 2008</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">By:</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD style="border-right:1 solid #000000; border-bottom:1 solid #000000" valign=top width=320.933><P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Sun Liu James Po</U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Sun Liu James Po</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times; font-size:12pt" align=center>2</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": "081034751"}, "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
August 21, 2008 (August 15, 2008)
Date of Report (Date of earliest event reported)
TERRA NOSTRA RESOURCES CORP.
(Exact name of registrant as specified in its charter)
Nevada
000-49631
86-0875500
(State or other jurisdiction
of incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
790 East Colorado Blvd., 9
th
Floor
Pasadena, CA 91101
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code:
(626) 796-0088
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 Arrangements of Certain Officers.
On August 15, 2008, Michel Plante, a Director of Terra Nostra Resources Corp. (the "Company"), informed the Board of Directors of the Company that he was resigning from the Board of Directors effective immediately.  Mr. Plante did not resign as the result of any disagreement with the Company.  Mr. Plante advised the Company that he had joined the Company's Board of Directors on November 23, 2007 with the intent to form an audit committee to meet the listing requirements of the American Stock Exchange.  The audit committee was not formed until just prior to the annual meeting of the shareholders held in June 2008; and had only come into function during the last month with preparation of the current audit.  With the Company not currently able to progress its American Stock Exchange listing, and due to the fact that the Company being listed on OTC:BB does not require an audit committee, Mr. Plante advised the Company he had determined to resign from both the Board of the Company and as Chair of the audit committee.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
TERRA NOSTRA RESOURCES CORP.
August 21, 2008
By:
/s/ Sun Liu James Po
Sun Liu James Po
Chief Executive Officer
2