Valterra Announces Private Placement

Not for Distribution to United States Wire Services or for Dissemination in the
United States


Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra" or
the "Company") plans to issue up to 8,000,000 units in a non-brokered private
placement at a price of $0.05 per unit for gross proceeds of $400,000. 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. 


Proceeds from the private placement will be used for property payments, general
working capital and for exploration expenses incurred on the Bobcaygeon Graphite
Property located in the Grenville Graphite Trend in southeast Ontario. The
Company is planning for a multi-faceted exploration program which includes
further drill testing, surface trenching and sampling toward the development of
a preliminary mineral resource on the property. 


Trenching at the Discovery Zone target has uncovered a high-grade vein which
returned graphite values up to 64.3% Cg in chip samples and 36.8% Cg over 1.5m
in channel samples. Sampling and mapping has extended the projection of the
Discovery zone mineralization to over 600 metres on surface which is supported
by recent IP/Res geophysics on the property. 


Historic drilling (for zinc) at the Salerno Zone identified graphite-bearing
stratigraphy over a +2km strike length. Mapping in the area has identified two
different graphite horizons and sampling has confirmed the high-grade potential
of this newly developed target. Current drill targeting which is planned for
2014 would test a +4km cumulative strike-length of this target. 


In other news, Courtney Shearer has resigned as a director of the Company
effective April 28, 2014. Valterra thanks Mr. Shearer for his service as a
director and audit committee chair and wishes him well in his future endeavours.


About Valterra Resource Corporation 

Valterra is focused on early stage mineral properties with the potential to host
large deposits, in regions with excellent infrastructure. Over the last several
years, Valterra has acquired and developed several key projects including the
Swift Katie porphyry copper gold mineral property in which it holds a 100%
interest subject to an option agreement with the Riverside Alliance which has
the right to earn an 80% interest through the expenditure of $4 million over
four years with 2014 expenditures estimated at $600,000. 


The Company is currently earning a 100% interest in the Bobcaygeon graphite
property situated within the Grenville Graphite Trend of southeast Ontario which
it intends to develop as its primary property as part of its focus on the
graphite sector. Through its recently announced production and marketing
strategic alliance with Great Lakes Graphite Inc., Valterra looks to access the
increasing demand for high-grade graphite product throughout North America.
Alliance partner, Great Lakes Graphite Inc. continues its development of
promising graphite properties in Quebec on the eastern portion of the prolific
Grenville Graphite Trend.


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, Q.C., President, 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.


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
[e-mail]
www.valterraresource.com