Canterra Closes $2 Million Financing

29 July 2014

July 29, 2014
NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE USA
Vancouver, B.C. - Canterra Minerals Corporation (CTM-TSX.V) (the "Company") Further to the news release dated May 21, 2014, the Company is pleased to announce that it has closed its non-brokered private placement for total gross proceeds of $2 Million from the sale of 16,214,285 units (the "Units") at a price of $0.07 per Unit and 8,650,000 common shares issued as "flow-through" shares for the purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.10 per Flow-Through Share. The Units and Flow-Through Shares are collectively referred to herein as the "Offering".