| February 13, 2006
New Property Acquisitions
John Greenslade, President of Minterra Resource Corp. (the "Company"), is pleased to advise that it has acquired one additional project in the Cortez Trend, Nevada and one project in the Western Gold Belt, Nevada.
Agate Pass Project Acquired
The Company is pleased to advise it has acquired 12 claims, and has staked an additional 81 claims approximately 9 miles northeast of the Cortez Hills deposit, on the Battle Mountain - Eureka Trend. The project, called Agate Pass, is in a geologic setting similar to other Carlin-type deposits in the Cortez Trend (See Agate Pass Location Map).
Historic surface rock chip samples were collected over a one mile strike length and contain up to 2.01 ppm (g/t) gold and include samples with 1.78, 1.16, and 1.1 ppm (g/t) gold. The sampling appears to be reconnaissance rock chip sampling along a northwest trending structural zone. Some of the outcroppings in the area are highly brecciated and silicified siltstone with multi-stage open-space quartz-veining in rocks mapped as Ordovician Vinini formation (upper plate rocks).
Minterra is acquiring a 100% interest in the 12 AP claims from JR Exploration, an arms length Utah company under a 10 year lease-option agreement by making an initial $5,000 advance royalty payment which escalates to $30,000 at year 5. Minterra also will pay all filing costs. The claims are subject to a 3% NSR with a buy down provision.
Majuba Hill Project Acquired
The Company has also acquired 19 claims, and has staked an additional 89 claims in the Western Gold Belt of Nevada. The claims are located between the Spring Valley Project of Midway Gold Corp. and the Hycroft Gold Deposit of Vista Gold Corp (See Majuba Hill Location Map). The project covers a major portion of the Majuba Hill Intrusive Complex (See Majuba Hill Project Map).
Published historic data from the U.S. Geological Survey show underground sampling with gold grades of at least 0.15 oz Au/ton. Nevada Bureau of Mines and Geology published reports describe historic drilling: "The relatively widely spaced diamond drill holes passed through hundreds of feet of plus 0.2 percent copper".
Minterra is acquiring a 100% interest in 19 claims from JR Exploration, a Utah company under a 10 year lease-option agreement by making an initial $2,500 advance royalty payment which escalates to $30,000 at year 5. Minterra also will pay all filing costs. The claims are subject to a 3% NSR with a buy down provision.
Possible Joint Ventures
The Company is currently discussing possible option-joint venture arrangements with third parties on certain of its Nevada projects in order to increase its annual exploration budget and to expedite review of the projects. No agreements have yet been finalized however in any such agreements the Company would expect to retain operatorship and exploration control of the projects.
John W. Greenslade, P.Eng., a Qualified Person has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.
About Minterra
Minterra is a gold exploration company based in Vancouver, British Columbia. It is focused on gold exploration in the Great Basin of Nevada and currently has 14 projects in the Cortez and Carlin Trends of Nevada, as well as the Western Nevada Rift.
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. | |


