VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra") is pleased to announce the appointments of Jean-Pierre Colin and Brian McGrath as directors of Valterra.
Jean-Pierre Colin has been an investment banker since 1980 and provides corporate strategy consulting services to CEOs of mining companies. Mr. Colin was Director & Head of Corporate Finance at Octagon Capital Corporation, a senior investment banker with Desjardins Securities Inc., executive vice-president of Deacon Capital Corporation, and senior vice president of Richardson Greenshields of Canada Limited. Mr. Colin was also the founder of JP Colin Securities Inc., a securities dealer focused on corporate finance services to public mining companies. He is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario, a Civil Law Degree from the University of Ottawa and a Certificate in Comparative Law from the University of Manitoba. He is the former Faculty of Arts Co-Chair of the Waterloo Advisory Council of the University of Waterloo, former founder and President of Caratax Management Ltd., the manager of public flow-through share limited partnerships, and a former director of numerous other successful public mining companies in Canada including Wolfden Resources Inc., Pelangio Mines Inc., Virginia Gold Mines Inc. and NIM Management, the manager of over $730,000,000 of flow through share funds. Mr. Colin was appointed a director of Valterra on November 15, 2011. He also serves on the board of Premier Gold Mines Inc.
Brian McGrath, P.Geo., attained his Bachelors degree in Earth Sciences from Memorial University in Newfoundland in 1992. Since then he has dedicated almost 20 years to the mineral exploration industry through geosciences, education, and sustainability. His background includes exploration for gold and base metals through his work on banded iron formations, VHMS deposits and lode gold systems. Mr. McGrath joined Manex Resource Group in 2007 after spending six years with Cumberland Resources Ltd. as an integral part of a team that brought the Meadowbank Gold Project in Nunavut to a multi-million ounce reserve. Other key positions he has held include: Mineral Resource Officer with British Columbia's Ministry of Energy and Mines, Project Geologist positions with Homestake Exploration Canada; Echo Bay Mines Ltd. and Redfern Resources. Mr. McGrath was appointed a director of Valterra on June 6, 2011.
Messrs. Colin and McGrath have each been granted incentive stock options to purchase 200,000 common shares of Valterra at $0.10 per share, exercisable for a period of five years in accordance with Valterra's stock option plan. The grant of options is subject to acceptance for filing by the TSX Venture Exchange.
About Valterra Resource Corporation
Valterra is a Manex Resource Group Company. The Group provides expertise in exploration, administration, and corporate development services for the Company's mineral properties located in the Kootenay Region of BC.
The Company has interests in over 120 square kilometres in southeast BC that currently focus on four primary properties: the Star gold-silver-copper claims located southwest of Nelson BC, the Toughnut gold-silver-copper-lead-zinc claim block which adjoins the Star claims, the Rozan gold-silver-lead-zinc property situated just south of the Toughnut claims, and the advanced Swift Katie copper-gold porphyry/shear-hosted project located near Salmo BC.
Since 2007, Valterra has aggressively explored and expanded its claim blocks within the gold-enriched "Rossland Volcanic Belt" by completing over 10,600 metres of diamond drilling, conducting 810 line-kilometres of heli-borne geophysics, undertaking mapping-sampling and staking programs, and acquiring/joint venturing properties.
On behalf of the Board of Directors,
Lawrence Page, Q.C., President and Director, Valterra Resource Corporation
For further information, please visit Valterra's website at valterraresource.com.
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.