John Greenslade, President of Minterra Resource Corp. (the “Company”), is pleased to announce the following developments in the Company:

Sale of Residual Interest Lexington Lonestar Property, British Columbia

The Company is pleased to confirm that Gold City Industries Inc. recently exercised its option to acquire the remaining 30% interest in the Lexington Lonestar Property, located near Grand Forks, British Columbia, by payment to the Company of the sum of $250,000. The Company sold Gold City a 70% interest in the Lexington Lonestar Property in 2002 in consideration of the issuance to the Company of 1,750,000 shares of Gold City at a deemed price of $.14 per share. The Company currently holds 850,500 shares in the capital stock of Gold City and has agreed not to sell such shares until March 2, 2004 and thereafter to only sell on an orderly basis. The shares of Gold City closed at a price of $.38 per share on the TSX Venture Exchange on Wednesday, November 19, 2003.

Refund of Licence Fee

During 2002, the Company paid US$100,000 (currently approximately CDN$130,000) to a university in the United States for the grant of a licence in regard to certain nanotechnology. The Company requested a refund of such fee and has recently been advised that it has been authorised for repayment. The Company has not received confirmation as to when it will receive such funds but anticipates it will be in the immediate future.

Investor Relations Agreement

The Company is pleased to advise that it has retained Peter Grandich, of Grandich Publications, LLC, to act as its investor relations advisor. The agreement is for a two year term and in consideration therefore, Peter Grandich has been granted an option to purchase 50,000 shares of the Company at a price of $.30 per share. The agreement is subject to TSX Venture Exchange approval.

Star Property, British Columbia

The Company is pleased to advise that it has completed a preliminary induced polarization (IP) survey on the Star copper-platinum-palladium (Cu-Pt-Pd) project and in addition has staked additional claims contiguous to the original claim block. The IP survey was conducted by Geotronics Surveys Ltd., under the direct supervision of David G. Mark, P.Geo, Senior Geophysicist. The Star Property is located in the Omenica Mining Division mid-way between the Mountain Milligan Porphyry Copper-Gold deposit and the Kemess Porphyry copper-gold mine and is approximately 8 kilometres from the Kemess Mine Road. Access is currently by helicopter.

Claim Staking

Earlier exploration in the vicinity of the Property by the Optionor identified favourable geology and copper-platinum-palladium mineralization outside the existing claim boundaries. In order to cover these areas and other favourable geology, eight (8) claims consisting of 144 units were added to the pre-existing five (5) Star claims. The property now consists of thirteen (13) claims, 244 units, and covers approximately 14 kilometres of the Polaris Ultramafic complex. During the claim staking, malachite (oxide copper stain) was identified in the vicinity of the IP survey.

IP Survey

As previously announced (see News Release dated November 4, 2003), preliminary prospecting work on the Star Property, including limited geological mapping and localized sampling, identified mineralization consisting of magmatic Platinum (Pt) and Palladium (Pd) bearing sulphides of chalcopyrite (copper-Cu) and Pyrrhotite disseminated throughout gently dipping olivine clinopyroxenite and pyroxenite layers. The property now covers 14 km of favourable lithologies, along which well mineralized layers have been discovered. Mineralized zones of interest are generally capped by a barren layer of dunite that is typically 5-10 meters thick. The IP survey was conducted to determine if the previously identified sulphide layers continued under the dunite cap and to delineate potential drill targets. The IP survey consisting of chargeability, resistivity and self potential (SP) was conducted on three (3) separate grids referred to as the Haslinger A ("HA"), Haslinger C ("HC") and the GL-Queen areas. The survey covered 3.225 km of grid. The chargeability survey has delineated shallow-dipping mineralized layers on the HA, HC and GL "zones". The layers are up to 450 meters in width (and open), open at depth, can be traced in outcrops for at least 3 kilometres (only a small portion of which has been covered by the current IP program), with chargeability readings of up to 115ms, representing an extremely high chargeability. All chargeability anomalies can be traced to mineralized outcrops containing chalcopyrite (copper), pyrite and pyrrhotite and are often accompanied by very strong SP anomalies which suggest a high sulphide content. Previous bedrock grab samples from these mineralized outcrops returned values up to 1.1% copper with up to 1.1 grams of platinum and 1.5 grams of palladium. Sporadic values of nickel, cobalt and gold are also found in the mineralized layers.

Five (5) bedrock grab samples, some well mineralized with pyrite-chalcopyrite, were collected from the HA and HC grid area. Analyses are pending.

All geological work, sample collection and location of geophysical lines were conducted under the supervision of Ursula Mowat. P. Geo., a Qualified Person. In addition, as Ms. Mowat is the Optionor of the Property, the Company retained an independent geologist to visit the property and prepare a geological report in accordance with National Instrument 43-101. The Company anticipates receipt of the independent geological report and the formal geophysical report in early December, 2003. Both reports will be filed and available for review on Sedar once received.

Future Exploration

Based on the preliminary IP survey, drill targets are being selected for testing as soon as weather conditions permit in the 2004 field season. Drilling will be conducted to determine the economic potential of the mineralized layers as well as to assist in the interpretation of the geophysics. Dependent on the drill results it is anticipated that the initial drill program will be followed by further geophysical surveys over the majority of the Property. Contemporaneous with the drill program the Company will conduct a program of further detailed mapping and systematic sampling of the entire property.

ON BEHALF OF THE BOARD OF DIRECTORS OF MINTERRA RESOURCE CORP.

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.