John Greenslade, President of Minterra Resource Corp. (the "Company"), is pleased to advise of the following developments:

Drilling of Elder Creek Property to Commence, Further Property Acquisitions

Elder Creek Property Drilling to commence

The Company, via its wholly owned Nevada subsidiary, Britannia Gold Corp., has received approval from the Nevada Bureau of Land Management for an initial drill program on the Elder Creek Property, Lander County, Nevada, consisting of five reverse circulation drill holes, of which the Company plans to drill only an initial two holes with a combined total of 4,000 feet of drilling. The Elder Creek Property is in the Battle Mountain Eureka Trend (also know as the "Cortez Trend") and lies about 5 miles northwest of the producing Pipeline/Pipeline South gold deposits owned by the Cortez Joint Venture (Placer Dome Inc. PDG-T / Kennecott Exploration a subsidiary of Rio Tinto RTP-Z ).

The Company has entered into a contract with Lang Exploratory Drilling, a Division of Boart Longyear Company, of Elko, Nevada, to conduct the initial reverse circulation drilling program on the Elder Creek project. Drilling is currently anticipated to commence on or about May 1, 2005.

A National Instrument 43-101 report (the "Russell Report") dated October 1, 2004 on the Elder Creek, North Mill Creek and NAD exploration properties, prepared by Rick H. Russell, M.Sc., Licensed Geologist, is available for review under the Company's profile at www.sedar.com. As noted in the Russell Report, the Elder Creek property was placed into production in 1989 on a modest near surface gold resource. The deposit was partially mined in 1989 and 1990 and produced 13,000 ounces of gold from leach pads. Mining was terminated because the uncrushed ore responded poorly to being stacked on heap leach pads. The mining has better exposed dikes, sills and structures which were feeders for the deposit.

The Russell Report concludes that the near surface resource at Elder Creek is a guide to and possibly indicative of a high-grade gold deposit in lower plate carbonate rocks. The lower plate assemblage at the Pipeline/South Pipeline deposits hosts several million ounces of gold, including high-grade gold feeder structures. The Elder creek property has potential for high-grade gold along exposed structures where they intersect lower plate rocks at depth.

The depth to the lower plate rocks is not currently known but has been estimated from regional geologic data to possibly be between 1200 - 1500 feet from the base of the Elder Creek open pit. Reverse Circulation drill holes have been budgeted to 2000 feet.

Minterra closes option agreement on three further gold prospects in Nevada in the area of the Battle Mountain - Eureka Trend, Nevada and in area of the Carlin Trend, Nevada

The Company has received TSX Venture Exchange Approval and has completed the initial payments under three arms-length letter agreements dated for reference January 7^th, 2005 with Carl Pescio, geologist, of Elko, Nevada, pursuant to which it has the option to acquire a 100% interest, subject to a net smelter return royalty, in three projects, the Golden Cloud Prospect located in the North Nevada Rift in the vicinity of Newmont's Midas gold mine, the Pipeline South Prospect, located in the Cortez Hills area, and the East Whistler Prospect, located at the southern end of the Battle Mountain Eureka (Cortez Hills) trend and to the north of the Archemides gold deposits of Barrick Gold Corp.

The Company can earn its interest in each of the projects by fulfilling the following key conditions in regard to each such project:

1. Paying to Pescio the sum of US$33,000 (paid) and issuing to Pescio 75,000 shares (now issued) in the capital of the Company and thereafter making certain annual advance minimum royalty payments;

2. Upon completion of a bankable feasibility study, the Company shall own 100% of the Property subject to the annual payment of the greater of 3% production royalty or agreed Advance Minimum Royalty payments. All Advance Minimum Royalty payments may be deducted from production royalty payments. The Company has the right to buy down the royalty to a 2% production royalty.

3. Land acquisition and filing fees on each of the Properties have been paid by the Company;

4. Completing 5,000 feet of drilling annually.

The Company now has interests in 14 gold prospects in Nevada as indicated on the attached map.

Rick H. Russell has been retained to prepare National Instrument 43-101 Compliant Qualifying Reports on the Pipeline South, Golden Cloud and East Whistler Prospects, which reports are expected in the immediate future.

Pipeline South Prospect

The Pipeline South prospect was acquired because of its strategic location near the Pipeline and Cortez mines and the vicinity to the Cortez Hills discovery and favourable regional geological structural features

The Pipeline South property is located in Lander County, Nevada, about 55 Kilometers south-southwest of the town of Battle Mountain. It is situated within the central part of the Cortez Trend, about 8 kilometers south of the Pipeline deposit and 8 kilometers west of the Cortez Hills deposit. The property is made up of 144 lode mining claims (about 1,200 hectares) located within and along the northern margin of the Caetano trough, an east-west trending volcanic filled grabben which is intersected by a major north-south lineament that is parallel to the structures hosting the Pipeline and the Cortez Hills deposits. Landsat imagery as well as geophysics (gravity and magnetics) support the structural interpretations. Prospective host rocks which are covered by volcanics and alluvium on the property will be targeted along the structures.

East Whistler Prospect

The East Whistler property is located in Eureka County, Nevada, 10-13 kilometers north-northwest of the town of Eureka, the Eureka Mining District, and Barrick Gold's Archimedes deposit. The property is made up of 541 lode mining claims (approximately 10,820 acres) along the southern Battle Mountain/Eureka or Cortez Trend. It is centered along the projection of a major north-northwest trending structure and along the eastern margin of a Jurassic intrusive which is in contact with both upper and lower plate rocks. Mississippian Chainman Formation (which had not been previously mapped in the area) exhibits argillization, brecciation, and silicification along with extremely high anomalous Carlin deposit style geochemistry. Sampling in the Mississippian clastics has shown highly anomalous arsenic, antimony, mercury and gold values. A structure containing visible stibnite can be traced for more than 1,000 feet in altered Chainman sandstone. Deposits further north in the Cortez trend, including the Cortez Hills deposit, are hosted in Devonian carbonate rocks, are peripheral to intrusives, and occur along major structures and especially at structural intersections. This is also the geologic model for many of the deposits in the heart of the Carlin Trend.

The Devonian carbonate rocks are not exposed, have not been tested at East Whistler and will be the focus of exploration by the Company along the structures and beneath the high geochemistry.

Golden Cloud Prospect

The Golden Cloud property is located in northern Elko County, Nevada, within the Ivanhoe Mining District, and is made up of 179 lode mining claims (approximately 1,500 hectares). The property covers extensive low-sulfidation epithermal hot spring style alteration and mineralization along the eastern margin of the Northern Nevada Rift. Active exploration along the trend has been successful in demonstrating high grade gold along structures beneath mercury rich silica bodies at several places in the Ivanhoe District and beneath weakly mineralized argillic alteration at the Fire Creek property. Recent drilling at the Golden Cloud property has encountered widespread argillic alteration as well as more than 500 feet of low grade gold beneath a mercury rich silica body.

Future exploration will be directed toward the high grade feeders responsible for the widespread alteration and mineralization already demonstrated.

Rick H. Russell, M.Sc., Licensed Geologist, a Qualified Person has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.

ON BEHALF OF THE BOARD OF DIRECTORS OF

MINTERRA RESOURCE CORP.

"JOHN W. GREENSLADE"

JOHN W. GREENSLADE, PRESIDENT

For further information please contact John Greenslade, President, at (604) 687-6690

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.