Five diamond drill holes, totaling 1423 metres, were completed at the Swift porphyry target with some encouraging results. These holes tested soil and resistivity anomalies over a 1 km2 area. Spacing between drill hole collars ranges from 350 metres to 900 metres.

The 2014 drill program encountered numerous zones of precious metal mineralization which include 23.4 g/t gold, 0.621% copper and 435 g/t silver over 1.5 metre and an adjacent 2 metre interval grading 5.69 g/t gold, 0.128% copper and 26.6 g/t silver from hole SK14-002. The high-grade gold-silver vein intercepts warrant further exploration and follow-up, as the primary exploration objective to-date has only focused on the large-scale copper-gold porphyry potential of the Swift target. The two zones associated with the high-grade precious metals include 20-40cm wide pyrite-pyrrhotite-chalcopyrite veins at the contact between andesite and a diorite intrusive and sit within a much broader zone of elevated copper mineralization (>100ppm Cu) with zones of strongly anomalous gold and silver. The interval in SK14-002 from 179.5 to 181m has associated polymetallic mineralization including 0.6% lead. This polymetallic mineralization may be an indication of a porphyry transitional environment.

Drill holes SK14-001 and SK14-003 did not intersect significant copper or gold values, however hydrothermal alteration in the form of chlorite, epidote, calcite, pyrite and magnetite were intercepted in both holes. In addition, indicators of porphyry-style mineralization have been intersected, including zones of potassic alteration (biotite and magnetite) in SK14-002, SK14-004 and SK14-005. The results support Riverside’s belief that there is a hydrothermal system associated with porphyry Cu-Au at Swift. These results are being evaluated along with property-scale targets to determine the next phase of work.

The Company also stated that the drill results are positive in finding gold mineralization and alkalic porphyry Cu-Au style alteration. Further work may expand these mineralized widths and over a half dozen targets remain to be tested on the property.

This work was conducted as part of the 2014 Option agreement on the Swift Katie property which is incorporated in Riverside’s exploration alliance (the "Alliance") with a wholly-owned subsidiary of Antofagasta plc. Under the terms of the Option, the Alliance can acquire an 80% interest in the Property by incurring cumulative exploration expenditures of $5 million over a 4 year period at which time it will have earned its interest in the Project to be further developed as a joint venture with Valterra holding the remaining 20% working interest.

For complete agreement details please view Valterra’s press release dated October 31, 2013.

Corporate Update

Valterra reports the results of its 2014 Annual General Meeting held on October 22, 2014. All ordinary resolutions placed before the meeting were passed. Shareholders re-elected Lawrence Page, Q.C., Edward Odishaw, Barry Schindel and Brian McGrath as directors of the Company for the ensuing year. Smythe Ratcliffe LLP, Chartered Accountants were reappointed as auditors of Valterra and the Company’s rolling stock option plan was approved. The directors subsequently reappointed Lawrence Page as President, Graham Thatcher as Chief Financial Officer and Arie Page as Corporate Secretary.

The Company also announces that it has entered into a guarantee extension agreement with a guarantor for the Company’s indebtedness under a bank credit facility. Pursuant to this agreement, Valterra will issue the guarantor 350,000 units as consideration for the extension of such guarantee. Each unit is comprised of one common share and one share purchase warrant, with each warrant exercisable to purchase one common share at a price of $0.05 for a period of 4 years. The guarantee extension agreement is subject to TSX Venture Exchange acceptance.