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PDQ.V ·

“A Manex Resource Group Company”

Corporate Updates

1100-1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5

“A Manex Resource Group Company”

January 16, 2017 VQA: TSX.V

OTCQB - VRSCF

NR-02-17

Valterra Extends Warrants

Valterra Resource Corporation (“Valterra”) reports that it will extend the expiry date of

3,105,000 share purchase warrants from February 20, 2017 to February 20, 2019. These

warrants were issued on February 20, 2014 pursuant to a private placement of 3,105,000 units

with 3,105,000 wa rrants attached, with each warrant exercisable to purchase one common

share of Valterra at a price of $0.05 per share. Valterra will also extend the expiry date of

1,000,000 share purchase warrants from June 10, 2017 to June 10, 2019. These warrants were

issued on June 10, 2014 pursuant to a private placement of 1,000,000 units with 1,000,000

warrants attached, with each warrant exercisable to purchase one commo n share of Valterra at

a price of $0.05 per share.

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 property located in

British Columbia. Valterra is focused on early stage properties with the potential to host large

deposits, in regions with excellent infrastructure.

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 [email protected].

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 m ay differ materially from those

currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited t o, 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 reasona ble terms. Factors

that could cause actual results to differ materially from thos e 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.