grande portage (GPG) Snapshot

Quaterra Resources Inc. announced that Grande Portage Resources Ltd. has released an updated independent resource estimate for the Herbert Gold Project located near Juneau, Alaska. The 2012 program was designed to upgrade the previously identified inferred resources to indicated resources and to test extensions of mineralization in the Main and Deep Trench veins as well as new targets in the Goat and Ridge veins. The updated estimate contains an indicated resource of 821,100 tonnes grading 6.91 grams per tonne gold (gpt) for 182,400 ounces of gold in the Deep Trench and Main veins. The resource was calculated using a base case cut-off of 2 gpt. The Deep Trench and five veins that have had limited drill testing contain an inferred resource of 51,600 tonnes grading 7.73 gpt gold for 12,800 ounces of gold. The continuity and consistency of gold mineralization identified by infill drilling suggest that exploration on the other veins has the potential to produce similar results. The Deep Trench vein contains the high grade resource discovered to date of 407,100 tonnes averaging 8.12 gpt (at a 2 gpt cut-off), and 232,300 tonnes averaging 12.42 gpt (at a 3 gpt cut-off). This high-grade mineralization is open to the east and at depth.

Grande Portage Resources Ltd. filed its Annual on Feb 27, 2013 for the period ending Oct 31, 2012. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Grande Portage Resources Ltd., Annual General Meeting, Apr 19, 2013., at 10:00 Pacific Standard Time. Location: 1750-1185 West Georgia Street. Agenda: To receive the report of the directors; to receive the financial statements of the company for its fiscal year ended October 31, 2012, and the report of the auditors thereon; to appoint auditors for the ensuing year and to authorize the directors to fix their remuneration; to determine the number of directors and to elect directors; to ratify and approve the existing stock option plan; and to transact such other business as may properly come before the meeting.