VQA Valterra Resource Corporation

Valterra Resource Corporation ("Valterra") (TSX VENTURE:VQA)(FRANKFURT:3VA) has
completed the first tranche of its previously announced private placement by
issuing 3,105,000 units at a price of $0.05 per unit for gross proceeds of
$155,250. Each unit consists of one common share and one share purchase warrant,
with each warrant exercisable to purchase one additional common share at an
exercise price of $0.05 for a period of 3 years. All securities issued in this
tranche of the financing include a legend restricting trading of the securities
until June 21, 2014. The private placement is subject to TSX Venture Exchange
acceptance. 


Proceeds from the private placement will be used for working capital and
exploration expenses incurred on the Bobcaygeon Graphite Property located in
southern Ontario. Recent exploration has generated high-grade, high-purity,
flake graphite drill targets from shallow trenching and ground geophysics. One
prospective anomaly covers an 800m x 400m area; being co-incident with the
Discovery Zone and remains open for expansion. A Phase I drill program totaling
up to 2,500m is proposed for early 2014 to extend the Discovery Zone and test
new targets.


Debt Settlement

Valterra also announces that it has entered into a debt settlement agreement
with a creditor to settle a debt of $54,282.50 by payment of $15,000 cash and by
the issuance of 785,650 units at a price of $0.05 per unit. Each unit is
comprised of one common share and one share purchase warrant, with each warrant
exercisable to purchase an additional common share for a period of 3 years at a
price of $0.05 per share. This debt settlement is subject to TSX Venture
Exchange acceptance. The securities that will be issued upon this debt
settlement will be subject to a hold period of four months and one day from
issuance.


Insider Acquisition

Lawrence Page, Q.C. of Suite 1100, 1199 West Hastings Street, Vancouver, B.C.,
together with Manex Resource Group Inc., Manex Investments Inc. and Lawrence
Page Q.C. Law Corporation, companies at the same address as Mr. Page and over
which Mr. Page exercises control and direction (collectively referred to as the
"Shareholder") has acquired additional securities of Valterra. The Shareholder
acquired 2,000,000 common shares and 2,000,000 warrants today in the above noted
private placement. 


Together with its previous holdings, the Shareholder now owns and controls
5,188,183 common shares of Valterra representing approximately 17.6% of the
issued and outstanding common shares of Valterra. In addition to the units
acquired in the private placement, the Shareholder holds options to purchase an
aggregate 210,000 common shares and warrants to purchase 781,250 common shares
all exercisable within 60 days, which if purchased and added to the present
holdings of the Shareholder would represent a holding of 20.3% of the then
issued and outstanding common shares of Valterra calculated on a partially
diluted basis. 


The Shareholder acquired the securities for investment purposes, but may, from
time to time, reconsider its holdings in Valterra and, as circumstances dictate,
may increase or decrease its position in Valterra. 


A copy of the related early warning report will be filed with the British
Columbia, Alberta and Ontario Securities Commissions and may be obtained from
the SEDAR website (www.sedar.com) or by contacting the Shareholder at (604)
684-9384. 


About Valterra Resource Corporation

Valterra is a Manex Resource Group Company. The group provides expertise in
exploration, administration, and corporate development services for Valterra's
mineral properties located in British Columbia and Ontario. Valterra is focused
on early stage properties with the potential to host large deposits, in regions
with excellent infrastructure. Over the last several years, Valterra has
acquired and is exploring several key projects including "Swift Katie" and
"Bobcaygeon" which are located near roads, rail, power, and resource communities
in Canada.


Robert Macdonald, MSc., P.Geo., is the Qualified Person responsible for the
preparation of the technical information presented in this release.


On behalf of the Board of Directors,

Lawrence Page, QC, President, Valterra Resource Corporation 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for Valterra
Resource Corporation's projects, and the availability of financing for Valterra
Resource Corporation's development projects on reasonable terms. Factors that
could cause actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes, the
timing and receipt of government and regulatory approvals, and continued
availability of capital and financing and general economic, market or business
conditions. Valterra Resource Corporation does not assume any obligation to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent required by
applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Valterra Resource Corporation
1.888.456.1112
info@mnxltd.com

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