Canterra Completes Detailed Airborne Magnetic Survey Over West Carswell Property in Saskatchewan

Canterra Minerals Corporation (the "Company" or "Canterra") is pleased to announce that it has completed a detailed 1,770 line kilometer ("km") airborne magnetic survey over the West Carswell property in Saskatchewan.

The airborne magnetic survey was conducted by a fixed-wing aircraft at 50 metre ("m") line spacing's and a height 20-30 m above the terrain. The magnetic survey data is currently being finalized and interpreted by geophysicists. The magnetic survey was flown over an area that exhibited six discrete magnetic low anomalies derived from a regional survey flown in 2011 for the Saskatchewan Geological Survey. These six anomalies are hosted within a thick sequence of Athabasca sandstones and are characteristic of kimberlite pipes.

The West Carswell property comprises approximately 4,830 hectares within the west Athabasca Kimberlite trend and is located 20 km southwest of De Beers' / CanAlaska's Athabasca Diamond Project.

Bruce Kienlen, P.Geol, Senior Geologist for Canterra is the Qualified Person, as defined by National Instrument 43-101 and has reviewed the technical information in this news release.