Valterra Resource Corporation
CNQ : VALT

Valterra Resource Corporation

September 28, 2007 15:18 ET

Valterra Resource Corporation Lists on CNQ and Completes Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2007) - Valterra Resource Corporation (CNQ:VALT) is pleased to announce that the company's shares are now listed on the Canadian Trading and Quotation System Inc. (www.cnq.ca) under the trading symbol "VALT". The company has also completed its previously announced private placement of 3,055,000 flow-through shares at $0.30 per share and 3,320,000 non flow-through shares at $0.25 per share for gross proceeds of $1,746,500.

The company also announces its intention to commence a program of exploration and development work on its Swift Katie claims near Salmo, British Columbia (see NR-03-07, September 19, 2007). The program will consist of geophysical surveys and diamond drilling at an estimated cost of $450,000 for the first phase of the program.

On Behalf of the Board of Directors

Lawrence Page, Q.C., President and Director

Valterra Resource Corporation

The CNQ Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.

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