Minterra Resources Corp. (the "Company") is pleased to announce that it intends to conduct a non-brokered private placement (the "Offering") of up to 7,500,000 units at a price of $0.10 per unit for gross proceeds of Cdn $750,000. Bolder Investment Partners, Ltd. ("Bolder") will act as a finder in respect of approximately 3,500,000 to 4,000,000 units of the Offering. Bolder (and any other registered dealers that may participate as finders in this offering) will receive a finders' fee in respect of such portion consisting of cash in the aggregate amount of 8% of the gross proceeds and finders' warrants equal to 10% of the units placed. Four directors of the Company will be subscribing for a total of 1,250,000 units under the Offering.

Each unit will consist of one common share and one common share purchase warrant. Each 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 $0.15 in the first twelve months and at a price of $0.20 in the remaining 12 months. Finders’ Warrants will also have these same terms. 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 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.