VQA Valterra Resource Corporation

Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra")
reports that a second stage of metallurgical analyses of a +20kg grab sample
from the discovery trench at the +140 sq. km Bobcaygeon Graphite Property,
located near Peterborough in Southern Ontario, returned the following
highlights:




--  65.6% graphite reported to jumbo and large flake size fraction
    classifications Including 45.6% jumbo flake (+48 mesh or greater than 
    0.297mm) 
--  99% carbon recovery into the flash and rougher concentrate which 
--  graded 65-70% C(g) prior to any upgrading via cleaning circuit 



Valterra is proceeding with the next stage of metallurgical test work at SGS
Lakefield. This will include a cleaner flotation circuit aimed at increasing the
concentrate grade to +95% C(g). Also, enhanced optical mineralogy work is
proposed on sub-samples of the different concentrate size fractions to better
assess individual flakes and needles of graphite.


President Fred Sveinson, P.Eng., stated: "Management is pleased with the
mineralogical and metallurgical testing from the discovery trench. The results
indicate a high grade, large flake graphite system. The next step is to
determine the extent of mineralization at the discovery zone and continue
exploring this large property package looking for more deposits."




Table 1: Highlighted Jumbo and Large Flake Metallurgical Determination

---------------------------------------------------------------------------
Flake      Combined Concentrate           Assays %           % Distribution
Size              mm       mesh        C(t)       C(g)       C(t)       C(g)
---------------------------------------------------------------------------
Jumbo          0.500        +32       69.7       69.2       22.8       22.9
               0.297        +48       75.5       75.4       22.5       22.7
---------------------------------------------------------------------------
Large          0.210        +65       68.4       68.0       14.3       14.4
               0.178        +80       64.4       63.5        5.7        5.6
---------------------------------------------------------------------------
                                                Total       65.2       65.6
                                                ---------------------------



The kinetics test used a two-stage grinding strategy with the products of each
incremental flotation stage evaluated qualitatively under an optical microscope
to characterize the quality of the flotation products. The incremental rougher
concentrates were combined into two flotation concentrates and submitted for
size fraction analysis. The two concentrates were screened at various mesh sizes
and the size fractions and the rougher tails were subjected to LOI and C(g)
analyses to generate a mass balance. Further the rougher concentrates and the
rougher tails were subjected to a whole rock analysis by ICP. Cautionary Note:
The grab sample was selective by nature and is unlikely to represent average
grades of the deposit.


The sample, which was processed by SGS Lakefield, was comprised of float pieces
from a shallow backhoe trench and returned a previously released high-grade
assay of 34% C(g) (see NR-11-12). Microscopic analyses of the sample provided by
SGS Lakefield in an earlier report identified the graphite as primarily flaky
and platy particles with size ranges from 0.05mm to 3mm (coarse flake graphite
is defined as greater than 80 mesh or 0.178mm) and visually much of the sample
appears to be coarse in nature. Photomicrographs provided as part of this report
show polycrystalline aggregates and lesser acicular (needle-like) grains making
up much of the visible graphite. The complete report with photomicrographs of
the sample is available on Valterra's website at www.valterraresource.com.


Exploration work is continuing on the property which is approximately 1.5 hours'
drive northeast of Toronto and is close to transport, power, and numerous
services. An 11 line-kilometre gridding program is ongoing, and a
trenching-sampling-mapping program and an EM/MAG/IP ground geophysical survey
are scheduled to commence. In November, Valterra also staked an additional
+4,500ha following a regional contact which hosts numerous graphite past
producers and occurrences.


Valterra also announces that Jean-Pierre Colin has resigned as a director
effective November 14, 2012. Valterra's board of directors has accepted Mr.
Colin's resignation and wishes him well in his future endeavors.


About Graphite

Graphite is a naturally occurring form of carbon with wide-ranging and unique
physical properties. Graphite is used in the development of graphene, which,
when developed industrially, will be a replacement for several expensive
electronic components such as silicon semi-conductors. There are three primary
graphite occurrences naturally - vein, flake, and amorphous where the highest
quality product can sell for over $2,000 per tonne. In pricing graphite, the
flake size is a key factor with the large flake (greater than.178mm) ores
commanding the highest prices in markets dominated by multi-national
eco-automobile manufacturers, high-tech industries and nuclear energy companies.
Recent pricing and demand increases have spurred numerous exploration and
investment opportunities in the graphite market. The Province of Ontario is an
excellent locale to explore owing to superior geology, geoscience knowledge,
infrastructure, political stability and tax incentives. Several projects are
advancing in the graphite field including Northern Graphite Corporation,
Zenyatta Ventures Inc. and Ontario Graphite Ltd.


About Valterra Resource Corporation

Valterra is a Manex Resource Group Company. The group provides expertise in
exploration, administration, and corporate development services for Valterra's
mineral properties located in British Columbia and Ontario. Valterra is focussed
on early stage properties with the potential to host large deposits, in regions
with excellent infrastructure. Over the last several years, Valterra has
acquired and is exploring several key projects including "Star-Toughnut", "Swift
Katie" and "Bobcaygeon" which are located near roads, rail, power, and resource
communities in Canada.


Brian McGrath, P.Geo., is the Qualified Person responsible for reviewing the
technical information presented in this release.


On behalf of the Board of Directors,

Frederick Sveinson, President, Valterra Resource Corporation

For further information, please visit Valterra's website at
www.valterraresource.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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Valterra Resource Corporation
Liana Shahinian
1.888.456.1112 or 604.641.2773
liana@mnxltd.com
www.valterraresource.com

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