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December 16, 2005
Private Placement


The Company proposes to proceed with a private placement of up to 5,000,000 shares at a price of $0.12 per Unit to raise a total of $600,000. Eligible placees introduced to the Company by registered brokers or third parties will be paid a finders fee, in cash or securities (if an exemption from the prospectus and registration requirements is available), in accordance with TSX Venture Exchange policy. Proceeds from the placement will be used in part for a proposed 6,000 foot reverse circulation drill program on the Eden Property, Nevada and for general working capital

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

Investor Relations: Denby Greenslade (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.

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