Grande Portage Resources Ltd. Invests in Quaterra Resources Inc.

Grande Portage Resources Ltd. announce that it has purchased 1,000,000 Units of Quaterra Resources Inc. (“QTA”) at a price of $0.60 per Unit, for a total investment of $600,000. Each Unit consists of one common share of QTA and one non-transferable share purchase warrant, with each warrant being exercisable to acquire one additional common share of QTA at $0.75 per share until September 22, 2011.

QTA is a reporting issuer whose common shares are listed on the TSX Venture Exchange, and full details of its mineral exploration projects are available at www.sedar.com. The Units of QTA were offered by way of a private placement, and form part of a larger equity financing of up to $6 million being raised by QTA.

The investment of these funds in QTA is in accordance with Grande Portage’s plan to invest in advanced staged exploration projects with infrastructure and near term cash flow potential. The securities acquired will be held for investment purposes. There is a 4 month hold period on the securities until January 22, 2010. The funds invested are not required for the immediate working capital needs of Grande Portage.

QTA plans to use the proceeds principally for further drilling on their silver and gold projects in Mexico at Nieves and Americas-Mirasol, and their copper projects in Nevada in both the McArthur and Yerington areas.