| July 11, 2005
Gold View - Geochemical Survey Identifies Gold Anomaly
GEOCHEMICAL SURVEY IDENTIFIES GOLD ANOMALY IN ASSOCIATION WITH MAJOR STRUCTURAL INTERSECTIONS IDENTIFIED IN GEOPHYSICAL SURVEY AT GOLD VIEW PROPERTY - CORTEZ TREND NEVADA
John Greenslade, President of Minterra Resource Corp. (the "Company"), is pleased to provide an update on the results of exploration work conducted to date on the Company's Gold View Property.
The Gold View Property (see attached location map) is located in the Cortez Trend of Nevada, approximately 4.5 kilometres east of the Tonkin Springs deposits (650,000 ounces of gold), and consists of approximately 1,450 acres (587 hectares) containing seventy-six unpatented lode claims.
In an April 10, 2005 report entitled "Gold View Property - Gravity Survey and GIS Database", James L. Wright M.Sc., Geophysicist concluded that the northeastern portion of the Property was underlain by a prohibitive depth of basin fill that greatly diminishes the exploration potential along this portion of the property, however along the property's southwestern block there is a wedge shaped pediment that demonstrates a width of 750 metres to 250 metres from south to north over a length of at least 2.2 kilometres which represents a considerable area available for exploration. Of particular note are two areas of structural intersections indicated along the basin bounding fault within the pediment. Wright considered the northern structural intersection the most significant as it represents the intersection of major north - northwest and east - northeast bearing structures. Wright reports that "the north-northwest bearing structure can be clearly demonstrated to extend to the south directly to the Afgan Kobeh gold deposit, and parallels other structures related to gold mineralization at the Gold bar deposits to the southeast." Soil geochemistry has identified gold geochemical anomalies in soils at, and in the immediate vicinity of, this northern structural intersection (see attached map - see the Company's website at www.minterra.ca for a color version of these maps). Wright considered that "both these structural intersections are attractive exploration targets and could well have provided structural traps for gold bearing fluids".
Attached hereto are gray scale maps indicating (1) the property location; (2) the structural intersections in relation to the property and the pediment; (3) the regional structural setting and (4) the soil geochemistry. Color versions of these maps are available on the Company's website under the Gold View property.
The Wright Report recommends conducting a controlled source audio-magnetotelluric (CSAMT) survey to provide further definition of the structure, pediment edge, and structural intersection prior to drill testing. The Company has an option to acquire a 50% interest in the Gold View Property by incurring exploration expenditures totalling CDN$1 million over a three year period ($125,000 in 2005). The Company will be reviewing the results to date with its geological consultants and the project management committee representatives to determine whether to proceed to a drill program based on the known geophysics and geochemistry or to further define the targets by means of a CSAMT survey.
The Company has entered into an Amending Agreement with Mill City Gold Corp. and Carl Pescio, in regard to its option to earn a 70% interest in each of nine (9) projects in Nevada, originally announced in a news release dated September 1, 2004, to amend the annual advance royalty payments by paying US$50,000 (of US$135,000) on June 1, 2005, and the balance of US$85,000 on September 1, 2005, and all future advance royalty payments to be made on the 1st day of September of each year thereafter.
In consideration of Mr. Pescio amending the payment schedule, the Company agrees to pay to Mr. Pescio the sum of $10,000, which sum may be settled by the deliver of 50,000 shares in the capital stock of the Company, upon TSX Venture Exchange approval.
John W. Greenslade, P.Eng., 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, PRESIDENT
For further information please contact John Greenslade, President, at (604) 687-6690 Investor Relations: Denby Greenslade or Conrad Clemiss (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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