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Publish Date : 13-Aug-2012

Valterra Resource Corporation (“Valterra”) reports that it has amended the option agreement for purchase of a 100% interest in its Toughnut property located in southeast BC. Pursuant to an amendment agreement dated July 31, 2012, the optionors of the Toughnut property have agreed to defer the cash option payment of $40,000 due on July 31, 2012 and the exploration expenditure requirement of $750,000 due on September 30, 2012 for a period of two months. Valterra has expended more than $650,000 on the Toughnut property over the term of the option agreement. Valterra will issue an additional 50,000 common shares to the optionors in consideration for this extension. The amendment agreement is subject to TSX Venture Exchange acceptance.

About the Toughnut Property
Located in the heart of the Silver King Shear zone the Toughnut property encompasses approximately 1,010 ha and forms a key part of Valterra’s Au-Ag-Cu “Star-Toughnut Project”. The Toughnut property contains numerous near surface drill intercepts, and Valterra has made two new Au-Ag discoveries at the Gold Eagle zone (see NR-03-11).

In 2010, the first gold-silver drill discovery represented near surface intercepts marked by shallow, pyrite-enriched mineralization hosted in a strongly bleached, k-feldspar-sericite-silica altered crackle breccia/andesite of the Upper Elise Formation. During 2011, Valterra expanded the zone further and possesses valid permits on the project area allowing drilling of 10,500 metres.

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