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News 2011

Valterra Closes Private Placement

May 5, 2011

Valterra Resource Corporation (“Valterra”) 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.”
Lawrence Page, Q.C., President and Director, Valterra Resource Corporation

For further information, please visit Valterra’s website at or contact Liana Shahinian at 1.888.456.1112 or 604.641.2773 or by email at

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.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Valterra Resource Corporation relies upon litigation protection for forward looking statements.
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