VQA Valterra Resource Corporation

Valterra Resource Corporation ("Valterra") (TSX VENTURE:VQA)(FRANKFURT:3VA) and
Great Lakes Graphite Inc. ("Great Lakes Graphite") (TSX VENTURE:GLK) have
entered into a Strategic Alliance ("Alliance") with respect to provision of
services relating to development, production and marketing of graphite product
from Valterra's Bobcaygeon graphite property ("Bobcaygeon Project") in Ontario. 


The Alliance has an initial term of three years during which Great Lakes
Graphite will provide consulting services to Valterra, utilizing its specialized
personnel, to assist in the development of the Bobcaygeon Project inclusive of
assistance in raising development money for the Project. In exchange for these
services Valterra is providing Great Lakes Graphite with consulting fees and
preferential access to ownership participation in the property. 


President Lawrence Page Q.C. said, "The relationship with Great Lakes Graphite
provides Valterra with access to experts with unique and specialized knowledge
of the graphite sector inclusive of all disciplines from exploration through to
production and marketing. As Valterra develops a graphite resource at the
Project, it can define extraction, beneficiation and sales procedures within the
Alliance on a cost efficient basis." 


Great Lakes Graphite CEO Paul Gorman said, "Bobcaygeon has all of the
characteristics of an outstanding flake graphite project: grade, size potential
and access to infrastructure and markets. When Great Lakes met with Valterra to
discuss our mutual interest in the graphite space, we quickly realized there was
an opportunity to work together to move Bobcaygeon forward faster. By leveraging
the strengths of each company we can create value for both sets of
shareholders."


About the Bobcaygeon Project

The Bobcaygeon Graphite Property is favorably situated in Precambrian calcitic
marble of the Grenville Province with four past producing flake-graphite mines
located to the northeast of the property and within the same geological belt. At
least six flake graphite-bearing zones, ranging from +1 metre to +100 metres
thick, have been located on surface and numerous other targets are indicated
over a +24km strike-length; all of which require further definition before the
full potential of the project can be determined. 


High-grade graphite horizons (+5% Cg) occur on the property at the Discovery and
Salerno zones. Trenching at the Discovery zone has uncovered a high-grade vein
which returned graphite values of 36.8% Cg over 1.5m, 20.2% Cg over 1.4m, 14.6%
Cg over 0.7m. Sampling and mapping has identified a drill-ready target of over
600 metres that is supported by recent EM and IP/Res geophysics on the property.


Historic drilling in the 1990's at the Salerno zone (for zinc) identified
graphite-bearing stratigraphy over a +2km strike length. Mapping in the area has
identified two different graphite horizons and sampling has confirmed the
high-grade potential of this newly developed occurrence. Current planning would
test through drilling a +4km cumulative strike-length of the target area.


Further regional work including mapping, prospecting and trenching is planned to
delineate the full extent of the graphitic stratigraphy throughout the property.


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 focused 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 "Swift Katie" and "Bobcaygeon" which are located near roads,
rail, power, and resource communities in Canada.


About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals
company with the mandate to bring graphite projects to production through the
acquisition and development of high quality graphite flake properties. Graphite
has moved to the forefront of the Industrial Mineral World as a Critical Mineral
required for industrial use and as a major component in the development of new
technologies. With the advancement of battery storage, mobile battery systems
and alternative energy infrastructure, it is estimated that 20 new graphite
flake mines will be required to keep up with demand by the year 2020.


As there are currently no graphite mines producing in North America, Great Lakes
Graphite has the ability to become one of the first producers to supply a
growing regional customer base that requires high quality flake graphite, where
pricing and demand continue to rise.


The Company, through strategic acquisitions and capable management intends to
become a leader in the industrial minerals marketplace. The Company's graphite
properties are located in the Buckingham and Lochaber Townships of southwestern
Quebec. The Company has also entered into option and joint venture agreements
with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande
Greenstone Belt in the James Bay region of Quebec. Further information regarding
Great Lakes can be found on the Company's website at:
www.GreatLakesGraphite.com.


Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and
currently has 42,504,819 shares outstanding (62,038,982 fully diluted).


Robert Macdonald, MSc., P.Geo., is the Qualified Person responsible for the
preparation and review of Valterra's technical information presented in this
release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Great Lakes Graphite Inc.
Paul A. Gorman
CEO
416-768-6101
pgorman@GreatLakesGraphite.com
www.GreatLakesGraphite.com


Valterra Resource Corporation
Lawrence Page Q.C.
President
604-684-9384


Investor Cubed Inc.
Neil Simon
CEO
416-258-3311, 888-258-3323
info@investor3.ca
www.investor3.ca

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