Valterra Resource Corporation

Valterra Resource Corporation

February 24, 2009 16:23 ET

Valterra Appoints Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) - Valterra Resource Corporation (CNSX:VTA) announced that, subsequent to the resignation of Anthony Leung, it has appointed Mahesh Liyanage, CA as Chief Financial Officer of the company effective February 20, 2009. Mr. Liyanage has over 10 years of experience in public practice and industry. He is a Chartered Accountant (member of the Institute of Chartered Accountants of British Columbia) and has headed finance and audit teams nationally and internationally. He started his career with BDO Burah Hathy Sri Lanka and held a supervisory role leading audits in manufacturing, banking, and natural resource industries. Before moving to McDonald's Fiji as head of finance he served as controller for a garment manufacturing company which catered to the North American market. In McDonald's Fiji he pioneered the implementation of accounting systems and revitalized office structures, document flows and inter-department relationships in order to achieve excellence and profitability. Mahesh Liyanage is also a member of the Institute of Chartered Accountants of Sri Lanka, Society of Certified Management Accountants of Sri Lanka and Fiji Institute of Accountants. Mr. Liyanage is currently Chief Financial Officer of Bravo Venture Group Inc. (TSX VENTURE:BVG) and Southern Silver Exploration Corp. (TSX VENTURE:SSV).

The company also reported that it has granted Mr. Liyanage 50,000 incentive stock options exercisable at $0.10 per share for a period of five years in accordance with the company's stock option plan.

On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director,

Valterra Resource Corporation

The Canadian National Stock Exchange (CNSX) 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.

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