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Vancouver, BC V6E 3T5

Telephone: 604.684.9384
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News 2009

Valterra Drills 18.77 g/t Au & 11.55 g/t Ag over 4.0m at the Star Project

January 22, 2009

Valterra Resource Corporation reported today final assay results from its 2008 exploration program at the Star gold-silver property located southwest of Nelson in south-eastern British Columbia.

Drilling highlights include:
• Drill hole VST08-006 (Alma N zone) 5.94 g/t Au and 3.78 g/t Ag over 12.97 metres, which includes a higher grade intercept of 18.77 g/t Au and 11.55 g/t Ag over 4.0 metres, and
• Drill hole VST08-004 (Star zone) 6.28 g/t Au and 7.20 g/t Ag over 2.0 metres.

The Company completed a total of 1,672 metres of drilling in six core holes on two high priority targets during the 2008 drill campaign. Drilling tested the Alma N and Star zones down to a depth of 300 metres, with all holes intersecting anomalous gold, silver and copper mineralization (see Table 1).

A 2008 drill plan map of the Star Project with historical drill hole locations is available for viewing on the company’s website at www.valterraresource.com

Previous exploration conducted at the Star Property in the late 1980’s and early 1990’s, included 18 diamond drill holes totalling over 3,900 metres that identified a number of gold/silver exploration targets. The most significant being the Star, Eureka and Alma N zones where unverified historic drilling returned thick intervals of anomalous precious and base-metal mineralization including one hole (GWS-89-01) that intersected 5.12 g/t Au and 4.45 g/t Ag over 14.62 metres at a down hole depth of 30 metres.

2009 Star Project Exploration Plan
The Company’s 2008 exploration results on the Star Property confirm the presence of a widespread precious-metal enriched mineralizing system that warrants an expanded drilling program where Valterra’s primary focus will be directed to:
• further delineation of zones of gold and silver mineralization drill-intersected during the 2008 exploration program, and
• drilling of additional exploration targets within a 3-kilometre square area as defined by a combination of previous wide-spaced drilling, geochemical and geophysical surveys.

About the Star Property
The Star Property hosts three past-producing mines that have all demonstrated the exploration potential for both larger structurally controlled and bulk-tonnage type deposits. One of the Star Property mines, the Eureka, is reported to have produced 8,995 tonnes of ore averaging approximately 2.13 g/t Au, 125.0 g/t Ag and 1.77% Cu (BC MINFILE). The Star Property is also along trend from the former Silver King Mine that produced over 4.4 million ounces of silver. Nearby, are historically significant mining camps hosting million ounce gold deposits within the Sheep Creek/Ymir and Rossland districts. The company can earn a 100% interest (subject to a 3% NSR) in the Star Property through a scheduled combination of cash payments and work commitments.

Table 1: 2008 Drill Assay Composites for the Star Project



Click the link on the right under Article Attachments for a PDF version of results

2008 QA/QC Protocols
Samples were analyzed at Assayers Canada laboratories in Vancouver for Au + 30 elements by Fire Assay (FA)/Atomic Absorption Spectroscopy (AAS) and Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES) using appropriate calibration standards. Established QA/QC quality protocols were followed throughout the core sampling process. A variety of analytical standards were purchased from CDN Resource Laboratories Ltd. and WCM Minerals Ltd. For every batch of 24 core samples collected, two random and “blind” QA/QC samples were included. Protocol required that a single standard pulp be inserted, and either a blank or duplicated core sample be added within the sample stream. Overall, approximately 9% of the total assays were QA/QC-related; the results of which were carefully monitored in order to verify the assaying quality.



Click the link on the right under Article Attachments for a full sized PDF version of the map

Brian McGrath, B.Sc., P.Geo., is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors,

“Lawrence Page, Q.C.”
Lawrence Page, Q.C., President, Director,
Valterra Resource Corp.

For further information visit the company’s website at www.valterraresource.com or please 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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