Minterra Resource Corp. (“Minterra" or the “Company") is pleased to announce that on December 20, 2007 (the "Closing Date") it completed the acquisition (the "Acquisition") from Claremont Nevada Mining LLC (the "Vendor") of the following Nevada Gold programs (the "Projects"):

• Fish Project – A skarn gold project with surface gold values ranging from <0.005 to 10.05 ppm Au (0.293 ounces gold per ton) which is comprised of 58 unpatented mining claims within the Walker Lane Mineral Belt in Esmeralda County Nevada;
• CPG Project – A skarn gold and copper project within the Walker Lane Mineral Belt in Mineral County, Nevada comprised of 44 unpatented mining claims;
• IXL Project - Skarn gold and copper project in Churchill County Nevada 16 leased unpatented mining claims; and
• Iron Oxide Copper Gold (IOCG) Reconnaissance Program – A conceptual exploration program in Western Nevada.

The Acquisition was initially announced on June 4, 2007 and is effective August 27, 2007 (the "Effective Date"). Since the initial announcement of the Acquisition, the Company, the Vendor, Hunsaker, Inc. ("ManagementCo") and E.L. (Buster) Hunsaker III ("Hunsaker") have entered into amended transaction documentation in respect of the Acquisition, including an amended and restated asset purchase agreement dated for reference August 27, 2007 (the "Amended Purchase Agreement"), in order to satisfy the requirements of the TSX Venture Exchange (the "Exchange"). The Company received Exchange approval of the Acquisition on December 4, 2007.

The following are the final terms of the Acquisition under the Amended Purchase Agreement:

• the Vendor received US$50,000 in cash and 300,000 common shares of the Company;
• the Company entered into an amended and restated services agreement (the "Services Agreement") dated as of the Effective Date with ManagementCo, Hunsaker and Britannia Gold Corp. ("Britannia", a wholly-owned subsidiary of the Company) pursuant to which Hunsaker will provide geological consulting services to the Company and Britannia and act as Vice President, Exploration of the Company for a period of three years from the Effective Date. The consideration payable to ManagementCo under the Services Agreement is US$19,500 per month, plus expenses;
• the Company has assumed the obligations of the Vendor under the Projects, including issuing 20,000 common shares to a lessor of the IXL Project within 90 days of the Closing Date;
• no stock options were granted by the Company to the Vendor under the Acquisition;
• Hunsaker was appointed Vice President, Exploration of the Company as of the Effective Date; and
• Hunsaker was appointed director of the Company on the Closing Date.

Any prior disclosure of the Company with respect to the Acquisition including, but not limited to the press releases of the Company dated June 4, 2007, September 11, 2007, September 13, 2007 and September 27, 2007, is corrected, to the extent necessary, by the amended Acquisition terms noted above.

Project stage mapping and surface sampling are in progress on the Fish and CPG project. Drill target location and permitting are scheduled for the remainder of 2007 and early 2008. Drilling on the Fish and CPG projects is scheduled to start in the first quarter of 2008.

E.L. “Buster" Hunsaker III CPG, a Qualified Person, has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure. Hunsaker is the Vice President, Exploration and a director of the Company.

Appointment of Rowland Wallenius as Chief Financial Officer and Denby Greenslade as Corporate Secretary
Minterra is pleased to announce the appointment of Rowland Wallenius as Chief Financial Officer, effective today. Mr. Wallenius graduated with a Bachelors of Business Administration in Accounting from Simon Fraser University, Burnaby, B.C. (1993) and became a Chartered Accountant in 1996. He worked as a Chartered Accountant for BDO Dunwoody and Collins Barrow in Vancouver, B.C., focusing on public company auditing. Mr. Wallenius has worked with public companies, including those in the resource sector, in various capacities since 1997, and has been responsible for: the accounting and regulatory departments; financing activities; stock exchange listing application and maintenance; and internal control set-up and systems for public reporting in both Canada and the United States.

Minterra is also pleased to announce the appointment of Denby Greenslade as Corporate Secretary, effective today.

Renewal of Stock Options
Minterra has entered into stock option agreements dated today with respect to the grant of an option to purchase 150,000 common shares to Graham Thody and the grant of an option to purchase 150,000 common shares to Maurice Mathieu. Both option agreements replace previously issued options granted to Mr. Thody and Mr. Mathieu in respect of their services provided as directors, which options expired on July 10, 2007 and September 12, 2007. The options are exercisable at a price of $0.13 per share, vest semi-annually over at two year period and expire five years from the date of grant.

About Minterra
Minterra is a gold exploration company based in Vancouver, British Columbia. It is focused on gold and copper-gold exploration in the Great Basin of Nevada and currently has 6 active projects in the Battle Mountain-Eureka Trend, the Walker Lane, and the Western Nevada Gold Belt.



The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.