Valterra Resource Corporation
CNSX : VTA
FRANKFURT : 3VA

Valterra Resource Corporation

May 05, 2011 19:26 ET

Valterra Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2011) - Valterra Resource Corporation ("Valterra") (CNSX:VTA)(FRANKFURT:3VA) has closed the final tranche of its previously announced private placement by issuing 3,180,000 units at a price of $0.05 per unit ("Unit") for gross proceeds of $159,000. Each Unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.10 per share for a period of two years. Together with previous tranche closings of this private placement, Valterra has raised an aggregate $1,903,889 by the issuance of 38,077,779 Units.

Proceeds from the private placement will be used to fund future drill programs on Valterra's mineral exploration projects located in the Nelson Mining Division of south-eastern British Columbia and for working capital. The private placement and finders' fees are subject to regulatory approval. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants, and finders' warrants issued as finders' fees, carry a legend restricting trading of the securities until September 5, 2011.

On behalf of the Board of Directors,

Lawrence Page, Q.C., President and 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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