Multi-Ounce Gold Intercepts At Herbert Glacier In Alaska 

VANCOUVER, BC - Quaterra Resources Inc. reported that numerous multi-ounce gold samples have been intercepted in initial 2011 drill-holes completed by Grande Portage Resources Ltd., its partner and operator at the Herbert Glacier gold project located near Juneau, Alaska.

Three holes drilled by Grande Portage at a due south azimuth from a single platform located near the west end of the Deep Trench vein all intersected visible gold mineralization.

Data collected thus far from E Platform drill-holes and surface exposures give the known mineralization in the vein a vertical extent of at least 400 meters and is open at depth. The vein has a known strike length of almost 1,000 meters and further drilling is being conducted to extend the mineralization. The Deep Trench Vein is just one of several similar parallel veins on the property which include the Main Vein system and the Floyd Vein.

A hole drilled from the D Platform testing the eastern extent of the Main Vein also encountered vein material with visible gold, however assays are still pending. Grande Portage is currently drilling exploratory holes which test a strong linear feature underlying Goat Creek which is north of, and parallel to, the Main Vein. This structure has peripheral mineralization in adjacent wall rocks where seven grab samples have returned assays ranging from 0.65 gpt gold to 65.6 gpt gold, and with an average of 31.47 gpt gold. Drilling activities will return to the Main Vein system and the Deep Trench Vein after completing initial drilling on the Goat Creek structure.

In June 2010, Grande Portage entered into an agreement with Quaterra to earn a 65% interest in Herbert Glacier by exploring the property. Quaterra retains a 35% interest. Going forward, Quaterra and Grande Portage will form a joint venture for the further exploration and development of the project, with each party bearing its proportionate share of costs. To date in 2011 Grande Portage has completed 11 drill holes from three platforms totaling approximately 2,000 meters of NQ diamond drilling. Plans are to continue drilling throughout the summer and into the fall. At least 4,000 meters are planned in about 25 drill holes from eight different platforms which will test up to four separate major veins and their satellitic structures. The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, (604) 681-9059, fax: (604) 641-2740, email: [email protected].