Minterra Resources Corp. (the "Company") is pleased to announce that it intends to conduct a private placement (the "Offering") of a total of 3,333,333 units at a price of $0.15 per unit for gross proceeds of Cdn $499,999.95. Approximately 80% of the Offering (the "Brokered Portion") will be brokered by Haywood Securities Inc. and Bolder Investment Partners, Ltd. and the agents will receive a commission in the aggregate amount of 7% of the gross proceeds of the Brokered Portion and agents' warrants equal to an aggregate amount of 10% of the units placed under the Brokered Portion.

Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant, as well as each agent's warrant, will entitle its holder to purchase one additional common share of the Company for two years from the closing date, at a price of $0.20 in the first year and at a price of $0.25 in the second year. The common shares issued under the Offering and upon exercise of the warrants will be subject to a four-month hold period from the date of closing of the Offering.

The Company is encouraged about the recently reported results from the Majuba Hill project – see the Company's press release dated September 5, 2002. The Company intends to use the net proceeds of the Offering towards exploration at the Majuba Hill project and to meet its administration and other explorations needs over the next 6 months.

The Offering is subject to receipt of all necessary corporate and regulatory approvals, including the acceptance of the TSX Venture Exchange.

Status of Acquisition of Nevada Projects from Claremont Nevada Mines LLC
On June 4, 2007, the Company announced the entering into of a preliminary agreement regarding the acquisition of 4 mining prospects in Nevada from Claremont Nevada Mines LLC, a company controlled by E. L. "Buster" Hunsacker III (the "Claremont Transaction"). These prospects consist of the Fish Project, CPG Project, IXL Claims and Reconnaissance Project. On September 11, 2007 and September 13, 2007, respectively, the Company issued press releases announcing results on the Fish Project and that a definitive agreement has been finalized pursuant to which Buster Hunsacker will join the Company as Vice President, Exploration. The Company wishes to clarify that the Company's ownership of the Fish Project and Buster Hunsaker's appointment as executive officer of the Company are subject to closing of the Claremont Transaction, which in turn remains subject to TSX Venture Exchange approval. While the effective date of the Claremont Transaction is proposed to be retroactive to August 27, 2007, the Claremont Transaction will not close until final TSX Venture Exchange approval is obtained. The Company will issue a press release once TSX Venture Exchange approval has been obtained and closing has occurred.

ON BEHALF OF THE BOARD OF DIRECTORS OF MINTERRA RESOURCE CORP.

"John W. Greenslade"
JOHN W. GREENSLADE, PRESIDENT

The statement 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.