First Tranche of PP ClosedValterra Closes First Tranche of Private Placement; Provides Corporate and Property Update Vancouver, British Columbia--(Newsfile Corp. - December 1, 2020) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) ("Valterra" or the "Company") reports that it has closed the first tranche of its previously reported private placement by issuing 7,220,330 Units at a price of $0.075 per unit for gross proceeds of $541,524.75. Each Unit consists of one common share and one half share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.125 per common share. Securities issued pursuant to this tranche of the private placement, including common shares and share purchase warrants, carry a legend restricting trading of the securities until March 31, 2021. Finders' fees and commissions may be paid by the Company in relation to the units sold in this tranche. Net proceeds of the financing will be used to advance Valterra's recently implemented Brazilian gold program and for working capital. The private placement is subject to TSX Venture Exchange approval.