Minterra Resource Corp. (the "Company") is pleased to announce that it has closed its private placement (the "Offering") of a total of 5,500,000 units at a price of $0.10 per unit for gross proceeds of Cdn $550,000. The Offering was previously announced by the Company on March 19, 2008 and amended terms of the Offering were announced April 9, 2008. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company for two years from May 2, 2008, at a price of $0.12 in the first year and at a price of $0.15 in the second year. The common shares issued under the Offering and upon exercise of the warrants are subject to a four-month hold period expiring on September 3, 2008. Four directors of the Company subscribed for a total of 1,350,000 units under the Offering.

Bolder Investment Partners, Ltd. ("Bolder") acted as finder and received a finders' fee (the "Finders' Fee") based upon the gross proceeds from the sale of 3,000,000 units (the "Bolder Portion"). The Finders' Fee paid by the Company to Bolder consisted of cash in an aggregate amount of $24,000 (being 8% of the gross proceeds from the Bolder Portion) and 300,000 finders' warrants (equal to an aggregate amount of 10% of the warrants under the Bolder Portion). Each finder’s warrant entitles the holder to purchase one additional common share of the Company for 18 months from May 2, 2008, at a price of $0.10.

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.

For further information please contact Corporate Communications: Denby Greenslade (604) 687-6690.

CHF Investor Relations
Jeanny So, Director of Operations Lindsay Carpenter, Account Manager
T: (416) 868-1079 x 225 T: (416) 868-1079 x 239
E: jeanny@chfir.com E: lindsay@chfir.com

The statement made in this News Release contains forward-looking statements regarding the proposed use of proceeds of the Offering. Actual events or results may differ from the Company’s expectations. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.