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

Minterra acquires 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 entered into 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, subject to TSX Venture Exchange approval, 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 and issuing to Pescio 75,000 shares in the capital of the Company upon receipt of TSX approval and thereafter making certain annual advance minimum royalty payments. The cash portion can be delayed until completion of a further financing but no later than 90 days from TSX approval;

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 the Property will be paid by the Company;

4. Completing 5,000 feet of drilling annually.

Upon TSX approval of these acquisitions, the Company will have interests in 14 gold prospects in Nevada as indicated on the attached map. The Company has retained Rick Russell, M.Sc., Licensed Geologist, of Salt Lake City, Utah to prepare qualifying reports in accordance with National Instrument 43-101 in regard to each of the prospects.

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. The property adjoins and is between Great Basin Gold's Ivanhoe property to the north and Teck/Cominco's Silver Cloud property to the west. High grade gold/silver resources along feeder structures are being developed by Hecla Mining Company on the Ivanhoe property. The same type of high grade mineralization, demonstrated in previous drilling by Teck/Cominco, is being explored at the Silver Cloud property by Geologix Exploration Inc. (a TSX Venture Exchange company). Known gold occurences along the trend include Midas (which is in production), Ivanhoe, Mule Canyon and Buckhorn. Active exploration along the trend has been successful in demonstrating high grade gold (+1 ounce per ton) 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 (to 1.4 ppm) 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.

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 271 lode mining claims (approximately 2,265 hectares) 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 Carlin deposit style geochemistry. Sampling in the Mississippian clastics has shown arsenic to more than 5,000 ppm, antimony to more than 10,000 ppm, mercury to more than 4,000 ppb, and gold values to 50 ppb. 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.

Star Property Option terminated

The Company advises that it elected not to make its option payments on the Star Property, British Columbia on the basis of preliminary drill results received from the first drill campaign and has accepted a notice of termination of its option. The property is currently the subject of a dispute with the Optionor. The Company will continue to focus its exploration efforts on its Nevada prospects.

ON BEHALF OF THE BOARD OF DIRECTORS OF

MINTERRA RESOURCE CORP.

"JOHN W. GREENSLADE"

JOHN W. GREENSLADE, PRESIDENT

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.