Paradigm Gold Corp.

Valterra reports that it has amended the option agreement for purchase of a 100% interest in its Toughnut property located in southeast BC. Pursuant to an amendment agreement dated July 31, 2012, the optionors of the Toughnut property have agreed to defer the cash option payment of $40,000 due on July 31, 2012 and the exploration expenditure requirement of $750,000 due on September 30, 2012 for a period of two months [...]

Valterra reports the acquisition by staking of over 1,400 hectares of new mineral claims in two regions of British Columbia. Mineral claims totaling approximately 125 hectares were added in southeast BC at the Au-Ag-Cu Star-Toughnut property where Valterra has been actively exploring since 2008. These newly acquired mineral claims have consolidated the majority of the existing claim package and cover mineralization-trends [...]

Valterra reports that, further to its news release of June 27, 2012, it has proceeded with a consolidation of its issued and outstanding common shares on a 1 new share for 10 old shares basis. Effective at the opening of the market on July 10, 2012, Valterra's shares will trade on a consolidated basis under the symbol "VQA" (with new CUSIP number 920366200). Letters of Transmittal will be forthcoming.