Vancouver, BC – October 14, 2015: BonTerra Resources Inc. (TSX-V: BTR) (the “Company” or “Bonterra”) is pleased to announce the appointment of Mr. Jose Vizquerra as a Director of the Company effective immediately.
Mr. Vizquerra has been for over 4 years the President & CEO of Oban Mining Corporation (TSX:OBM). Mr. Vizquerra previously worked as Head of Business Development for Compania de Minas Buenaventura (BVN: NYSE), prior to which he worked as production and exploration geologist at the Red Lake gold mine. He is currently a board member of Timmins Gold. Mr Vizquerra holds a M.Sc. from Queens University in MINEX, and is a QP (AIPG-11679).
Nav Dhaliwal, President and CEO of the Company, stated: “We’re very pleased with the opportunity to work with and benefit from the exclusive insight that comes with Mr. Vizquerra’s vast experience and focus on gold in the Abitibi gold belt of Canada. Mr. Vizquerra has played an instrumental role in Oban Mining’s success; his unique knowledge and experience are clearly valuable assets for Bonterra shareholders.”
Further, the Company has granted an aggregate of 1,800,000 incentive stock options to directors and officers of the Company. All of the stock options are exercisable at a price of $0.22 per share for a period of five (5) years ending October 14, 2020. The stock options have been granted under and are governed by the terms of the Company’s incentive stock option plan.
About BonTerra Resources
BonTerra is a debt-free, Canadian gold exploration company based in Vancouver, BC, with just over 34 million shares outstanding. The Company recently completed a financing for over $2,500,000 whereas Oban Mining Corp. became its largest shareholder at 19% holdings (see news release dated July 7, 2015). The Company continues to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec. BonTerra’s Gladiator Project is in the Urban-Barry Greenstone Belt and is comprised of three properties: West Arena, East Arena, and Coliseum Properties The Gladiator Project is located approximately 170 km northeast of Val-d’Or in the Urban, Barry and Bailly townships in Québec, south of the Windfall Lake gold deposit, and southeast of the Bachelor and Barry gold deposits.
For further information, please contact Nav Dhaliwal, President, at firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
Nav Dhaliwal, President
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