Valterra Reports on Corporate Matters

Vancouver, British Columbia--(Newsfile Corp. - May 31, 2018) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) ("Valterra" or the "Company") reports that all ordinary resolutions placed before the annual general meeting held on May 29, 2018 were passed. Smythe LLP, Chartered Accountants were re-appointed as auditors of Valterra and the Company's rolling stock option plan was approved. Shareholders re-elected directors Lawrence Page, Q.C., Edward Odishaw, Barry Schindel, Brian McGrath, Nigel Bunting, Donald Head and Joseph A. Kizis, Jr. The directors subsequently re-appointed Lawrence Page as President, Graham Thatcher as Chief Financial Officer and Arie Page as Corporate Secretary.

About Valterra Resource Corporation

Valterra is a public resource exploration and development company with a successful management team experienced in consolidating and unlocking maximum asset value of its projects and in identifying strategic acquisitions. With a focus on early stage properties with the potential to host large deposits, in regions with excellent infrastructure, the Company has assembled a portfolio consisting of two Au-Ag high-potential assets: The Swift-Katie project in the Golden Arc, British Columbia and the Weepah project in the Walker lane Trend, Nevada.

On behalf of the Board of Directors,

"Lawrence Page"
Lawrence Page Q.C., President, Valterra Resource Corporation

For further information, please visit Valterra's website at valterraresource.com or contact Valterra at 604.641.2759 or by email at ir@mnxltd.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.