John Greenslade, President of Minterra Resource Corp. (the "Company"), is pleased to advise that, subject to TSX Venture Exchange (the "Exchange") approval, it is proceeding with a private placement of 1,250,000 Units at a price of $0.20 per Unit for gross proceeds of $250,000. Each Unit will consist of one share and a warrant to purchase a further share for a period of 2 years from issuance at a price of $0.20 per share. The placement is subject to the placee receiving TSX Venture Exchange approval of a release of an equivalent number of shares from escrow and the simultaneous sale of such shares. The Company has agreed to pay a finders fee to Sandstone Ventures Corp. (Sandstone) of 10% of the private placement proceeds, of which 5% will be paid in cash and 5% will be paid in shares (62,500 shares) at a deemed price of $0.20 per share. Sandstone is arms-length to the Company.

Proceeds of the placement will be utilised to fund a drill program on the Company's Star property in northwestern British Columbia. In addition, the Company advises that it has identified several geologically interesting gold prospects in Nevada and has commenced discussions with the owners for a possible joint venture. If agreements are reached, any such acquisition will be subject to Board of Director and Exchange approval and will be subject to acceptance by the Exchange of qualifying geological reports in accordance with National Instrument 43-101.

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 responsibity for the adequacy or accuracy of this release.