Valterra announces flow-through financing

Valterra Resource Corporation has agreed to issue 4.0 million common shares in a non-brokered flow-through private placement at a price of $0.25 per common share to raise $1.0 million.

The proceeds from the “flow-through” common shares offering will be applied to the company’s projects in SE British Columbia.

The private placement and finders fees are subject to regulatory approval.

Valterra also announced the continuation of its jurisdiction of incorporation from the Yukon Territory into British Columbia under the Business Corporations Act (British Columbia) effective February 22, 2008.

The company has also adopted new articles, as approved by the company’s shareholders at the annual general and special meeting held on October 9, 2007.

Valterra has appointed Jeannine PM Webb, CGA as Chief Financial Officer (CFO) of the company effective February 1, 2008.

Jeannine PM Webb has 20 years of experience in the mining resource sector. She was a principal of Badger & Co. Management Corp. (Badger & Co.), a private company providing full range financial, corporate and geological management services to junior public mineral exploration companies operating nationally and internationally.

During this time, Mrs. Webb served as CFO and Corporate Secretary for companies under management with Badger & Co.

She currently serves as CFO for a number of companies, in addition to serving as Corporate Secretary to Pacific Ridge Exploration Ltd.

The company has granted Mrs. Webb 50,000 incentive stock options exercisable at $0.25 per share for a period of five years in accordance with the company’s stock option plan.