Canterra Provides Exploration Update on Southern Slave Properties, NWT

17 June 2015

Vancouver, BC -- Canterra Minerals Corporation (CTM-TSX.V) (the "Company" or "Canterra") is pleased to provide an update on its exploration activities and plans for its South Slave Properties in the Northwest Territories ("NWT"). Canterra holds the mineral rights to approximately 97,220 hectares ("ha") in the Southern Slave Region, approximately 210 kilometers ("km") northeast of Yellowknife, NWT. The property portfolio is strategically located between the Snap Lake Diamond Mine owned and operated by De Beers Canada, and the Gahcho Kué Diamond Project currently under development by De Beers Canada and Mountain Province Diamonds. For additional information, please visit the Company's website: www.canterraminerals.com