VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2012) - Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra") is pleased to announce the appointment of Frederick Sveinson as President. Mr. Sveinson is a professional mining engineer with more than 40 years experience in exploration, development, construction, operation and financing of mining projects ranging in size from 100 to 2000 tonnes per day in Canada, the United States, South America and Africa. His experience includes consultation with First Nations and regulatory authorities in British Columbia plus permitting. His senior management positions have included General Manager of Echo Bay's Lupin and Sunnyside mining operations. He was also Vice President of Tonto Mining, the western subsidiary of Dynatec Mining, one of Canada's largest mine contracting companies. More recently he was President and CEO of Merit Mining Corp. that developed the Greenwood Gold Project to production in southeastern BC and acquired/advanced the J&L polymetallic deposit near Revelstoke. In 2005, as President and CEO of Gold City Industries Mr. Sveinson was instrumental in forming a joint venture to acquire the former producing Bissett Gold Mine in Manitoba and merging the companies to form San Gold Corporation which returned the mine to production and now has a market capitalization of ~$0.5B. Mr. Sveinson is currently working as a Consulting Mining Engineer providing management and technical services to the mining industry through his wholly owned consulting company, International Mine Builders Inc. Mr. Sveinson's largest client is the Manex Resource Group that manages several junior companies from its offices in Vancouver. He is also an Associate Principal Underground Mining Engineer with Pincock, Allen & Holt centred in Denver that provides a range of technical and financial services to its clients in the mining industry in the United States and internationally. Mr. Sveinson serves as a director of several public mining companies.
Lawrence Page, Q.C., who resigned as President and will continue to serve as a director and Chairman, said: "Fred's experience in development of mineral properties generally and specifically in southeast British Columbia will greatly assist in the development of Valterra's gold and copper properties as exploration is planned for the 2012 exploration with the goal of increasing tonnage and grade at the Swift Katie copper-gold porphyry deposit and tonnage at the Star-Toughnut gold project."
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 the Kootenay Region of BC.
Valterra has interests in over 104 square kilometres in southeast BC that currently focus on three 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, 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., Chairman and Director, Valterra Resource Corporation
For further information, please visit Valterra's website at valterraresource.com.
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