Symbol: TSX.V - VQA
OTC Markets - VRSCF

1100 - 1199 West Hastings Street
Vancouver, BC V6E 3T5

Telephone: 604.684.9384
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News 2008

Lawrence Page, Q.C., Through Manex Investments Inc. and Manex Resource Group Inc., Acquires Securities of Valterra Resource Corporation

August 28, 2008

Valterra Resource Corporation (the “Company”) has been advised that Lawrence Page, Q.C. of 1100 – 1199 West Hastings Street, Vancouver, British Columbia  V6E 3T5, together with Manex Investments Inc. and Manex Resource Group Inc., companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C. exercises control and direction  (collectively referred to as the “Shareholder”), has acquired through the facilities of the Canadian Trading and Quotation System Inc. and through Private Placement purchases, at prices ranging from $0.10 to $0.30 now beneficially owns 2,050,000 and 322,666 common shares respectively representing 9.01% and 1.41% for an aggregate of 10.42% of the outstanding capital of the Company.  Additionally, Mr. Page holds options to purchase an aggregate of 200,000 common shares of the Company, which, when added to the holdings of Manex Investments Inc. and Manex Resource Group Inc. set out above, represent a holding of 11.31% of the outstanding capital of the Company. 

The Shareholder has advised that its current intention is that all of the shares of the Company acquired were acquired for investment purposes but the Shareholder may, from time to time, reconsider its holdings in the Company and, as circumstances dictate, may increase or decrease its position in the Company.

The Company is further advised that a report relating to these matters is being filed with the British Columbia, Alberta and Ontario Commissions by the Shareholder.  A copy of the report may be obtained from the Manex Group of Companies on behalf of the Shareholder by calling 604-684-9384. 

On behalf of the Board,

“Robert E. Swenarchuk”
Robert E. Swenarchuk, Senior Vice President
Corporate Development
Valterra Resource Corporation

For further information, contact Jay Oness at either 1-888-456-1112 or 604-684-9384; email at corpdev@mnxltd.com

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. Valterra Resource Corporation  relies upon litigation protection for forward looking statements. The CNQ Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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. Valterra Resource Corporation relies upon litigation protection for forward looking statements.
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