VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra") reports that it has entered into a debt settlement agreement with a creditor to settle a debt of $40,000 by the issuance of 800,000 common shares at a price of $0.05 per share. This debt settlement is subject to TSX Venture Exchange acceptance. The securities that will be issued upon this debt settlement will be subject to a hold period of four months and one day from issuance.
About Valterra Resource Corporation
Valterra is a Manex Resource Group company. The group provides expertise in exploration, administration, and corporate development services for Valterra's mineral properties located in British Columbia and Ontario. Valterra is focussed on early stage properties with the potential to host large deposits, in regions with excellent infrastructure. Over the last several years, Valterra has acquired and been exploring several key projects including "Star-Toughnut", "Swift Katie" and "Bobcaygeon" which are located near roads, rail, power, and resource communities in Canada.
On behalf of the Board of Directors,
Frederick Sveinson, President
Valterra Resource Corporation
For further information, please visit Valterra's website at www.valterraresource.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Liana Shahinian
1.888.456.1112 or 604.641.2773
liana@mnxltd.com
www.valterraresource.com