Canterra Minerals Corporation: Drilling Completed on Buffalo Hills Property

Canterra Minerals Corporation (TSX VENTURE:CTM) ("Canterra") is pleased to
announce on behalf of the Buffalo Hills Joint Venture that diamond drilling has
been completed on the Buffalo Hills Project located in Northern Alberta. (See
www.canterraminerals.com for project location and description.)


The field portion of the $1.1 million Exploration Program adopted by the Buffalo
Hills Joint Venture Management Committee for the 2010 program was focused on
completing the delineation drill program, which to date has resulted in the
completion of 54 drill holes comprising 8,328 metres in five kimberlite pipes.
Between February 1st and March 6th, 13 drill holes for an aggregate of 1,510
metres were completed on the K5, K6 and K91 kimberlites. All recovered drill
cores have been transferred to Shore Gold Inc.'s ("Shore") core logging facility
in Saskatoon, Saskatchewan, where they will be subject to quantitative and
qualitative geological analysis. This work is expected to lead to the
development of preliminary three-dimensional models for the K5, K6 and K91
kimberlites which can then be compared to existing models for the K14 and K252
kimberlites, which were developed in 2008. These geological models will guide
the selection of "high interest" bodies for mini-bulk sampling in subsequent
field programs.


The Buffalo Hills project is a joint venture with Canterra (28.5%), Shore Gold
Inc. (28.5%), and EnCana Corporation (43%). Canterra is the Operator of the
Buffalo Hills Joint Venture with Canterra and Shore each contributing 50% of the
exploration expenditures. 


David Clarke, P.Geol., MSc., Senior Vice President of Exploration for Canterra
is a Qualified Person as defined by National Instrument 43-101 and is
responsible for program design and quality control of exploration undertaken by
Canterra.


CANTERRA MINERALS CORPORATION

Randy C. Turner, President

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia
Securities Act. This includes statements concerning the Company's plans at its
mineral properties, which involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject to a variety
of risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking information, including, without
limitation, the ability of the Company to continue to be able to access the
capital markets for the funding necessary to acquire and maintain exploration
properties and to carry out its desired exploration programs; inability to fund
the Company's share of costs incurred under joint venture agreements to which it
is a party, and reduction or elimination of its joint venture interest as a
result; competition within the minerals industry to acquire properties of merit,
and competition from other companies possessing greater technical and financial
resources; difficulties in executing exploration programs on the Company's
proposed schedules and within its cost estimates, whether due to weather
conditions in the areas where it operates, increasingly stringent environmental
regulations and other permitting restrictions, or other factors related to
exploring in the north, such as the availability of essential supplies and
services; factors beyond the capacity of the Company to anticipate and control,
such as the marketability of minerals, government regulations relating to
health, safety and the environment, the scale and scope of royalties and taxes
on production; unusually mild winter conditions affecting or delaying the
opening of the winter roads and resulting difficulties in transporting materials
needed to support various exploration projects and resulting increased costs of
transport by air; the availability of experienced contractors and professional
staff to perform work in a competitive environment and the resulting adverse
impact on costs and performance and other risks and uncertainties, including
those described in each management discussion and analysis. 

In addition, forward-looking information is based on various assumptions
including, without limitation, assumptions associated with exploration results
and costs and the availability of materials and skilled labour. Should one or
more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information, whether as a result of
new information, future events or otherwise.
Canterra Minerals (TSXV:CTM)
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