Author: Maxime G. Lauzon

Val-d’Or, QC – March 27, 2023 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce more results from the now completed infill drilling campaign at the Barry underground project, which holds 0.5 million ounces of Measured and Indicated Mineral resources and 0.7 million ounces of Inferred Mineral resources according to the last mineral resources estimate (the “2021 MRE”, see press release dated June 23, 2021). The primary goal of this campaign was to convert mineral resources to a higher confidence category and enhance the interpretation and grade continuity of the mineralization in the upper section of the deposit. In total, 31,349 meters (“m”) (91 holes) of infill drilling has been completed from surface since August 2022. The Company has received assays for 75 holes so far, including the ones in this release (see press releases dated November 15, 2022 and December 12, 2022 for previously released holes). 

 Highlights include: 

• 34.7 g/t Au over 2.4 m, including 72.0 g/t Au over 1.1 m in hole MB-22-560A 
• 17.7 g/t Au over 3.2 m, including 30.1 g/t Au over 1.8 m in hole MB-23-594 
• 11.6 g/t Au over 3.3 m, including 19.8 g/t Au over 1.8m in hole MB-23-589 
• 9.0 g/t Au over 9.2 m, including 21.7 g/t Au over 2.0 m in hole MB-22-578 
• 8.2 g/t Au over 6.0 m, including 17.6 g/t Au over 2.7 m in hole MB-22-556 
• 6.4 g/t Au over 4.0 m, including 13.2 g/t Au over 1.2 m in hole MB-22-565A 

 Duke Joint Venture Drill Program Update 

 In March, the Company announced a 3,300 m drill program at the Duke property (“Duke”), a joint venture with Osisko Mining Inc. (“Osisko”). As of now, six of ten holes have been drilled, and the drilling activities are tracking on schedule (see press release dated March 6, 2023). The drill results are expected to be released upon completion of the program. 

The drill program at Duke is part of the Company’s renewed focus on regional exploration at a rate of approximately 1,400 m per month in the Urban-Barry and Bachelor camps. 

Marc André Pelletier, President and CEO commented: “The exploration program at Duke in collaboration with our joint venture partner Osisko is progressing well. Duke is located adjacent to the Company’s Gladiator deposit and Osisko’s Windfall gold project, as well as the Barry deposit to the west. Together, these three deposits contain a significant gold resource of over 10 million ounces, and the Company remains focused on exploring the Urban-Barry camp this year. Following the completion of the infill drill program at the Barry underground project, the Company plans to update the geological model of the underground deposit to determine the next steps for the Barry deposit. Additionally, an exploration program will soon take place at the Barry Northeast and Panache properties to test high potential exploration targets.” 

Diamond Drilling Results Highlights: 

Figure 1 – Barry Project –Surface Plan, Holes, and Highlights Location 

The completed infill drill program of the Barry underground project was designed to convert the Inferred resources from the 2021 MRE into Indicated resources by decreasing the drill spacing to 25 m. The program especially aims to delineate and expand high-grade mineralized shoots identified in the 2021 MRE. Results from recent assays, including those in this press release, underscore the potential of increasing quantity and continuity of the underground mineralization. 

Figure 2 – Barry Project – Composite Long Section of the Barry Deposit Looking Northwest 

Infill drilling in the 800 zone continue to delineate and increase the length and continuity of the high-grade shoots. Results like 34.7 g/t Au over 2.4m including 72.0 g/t Au over 1.1 m in hole MB-22-560A, 16.3 g/t Au over 2.8 m including 26.6 g/t Au over 1.7 m in hole MB-22-585 and 17.7 g/t Au over 3.2 m including 30.1 g/t Au over 1.8 m in hole MB-23-594 enhance the potential of high grade continuous mineralized shoots in the 800 zone (Figure 3). Assays from 17 holes drilled in the zone 800 during winter are pending. 

Figure 3 – Barry Project – Long Section, Zone 800 Looking Northwest 

Infill Drilling into the H6/D4 moderate south dipping self-intersecting zones helped to better constrain the high-grade mineralization highlighted by the 2021 MRE. Infill drilling continues to highlight the continuity of high-grade shoots through the mineralized shears. Results as 9.0 g/t Au over 9.2 m including 21.7 g/t Au over 2.0 m in hole MB-22-578, 5.6 g/t Au over 6.3 m including 10.7 g/t Au over 2.0 m in hole MB-22-575 and 4.6 g/t Au over 7.7 m including 9.2 g/t Au over 2.5 m and 11.5 g/t Au over 0.7 m in hole MB-22-554 enhance the 300 m long continuity of large high grade shoots in zone H6 (Figure 4). 

Figure 4 – Barry Project – Long Section, Zone H6 and D4 Looking Northwest 

Infill drilling in poorly defined H18 zone following the high-grade shoots has successfully intercepted high mineralization were predicted. Drill results highlight the potential for a 300 m long mineralized shoot in the shear zone located 20 m beneath the H6 shear. Demonstration is made by results in hole MB-22-565A with 6.4 g/t Au over 4.0 m including 13.2 g/t Au over 1.2 m, hole MB-22-564 returning 3.0 g/t Au over 10.4 m including 13.4 g/t Au over 1.1 m hole MB-22-575 intercepting 4.7 g/t Au over 8.1 g/t Au including 11.6 g/t Au over 1.5 m and hole MB-22-578 with 10.7 g/t Au over 1.5 m. 

Figure 5 – Barry Project – Long Section, Zone H16 Looking Northwest 

Barry Deposit Geology 

The Barry gold deposit is characterized by three dominant sets of structures, all dipping to the southeast. The sub-vertical shear zones and the H-Series shear zones dipping 25 to 40 degrees are hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Contact zones dip from 50 to 65 degrees along the lower and upper contacts of the D1, D2 and D3 felsic intrusions with mafic volcanics. Gold mineralization is associated with disseminated sulfides within shear zones and veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometre along strike and 700 m below surface and remains open for expansion. 

Diamond Drill Hole Results Table: 

The following table shows the significant intersections of the drill holes presented in this press release. 

Quality Control and Reporting Protocols 

The Barry project’s drill core gold analyses are performed at Bachelor Mine Laboratory, Actlabs (Ste-Germaine-Boulé) and at AGAT Laboratories (Val d’Or). The Company’s laboratory and external laboratories employ a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish at Bachelor Mine Laboratory and with gravimetric finish for assay above 10 g/t Au at Actlabs and AGAT laboratories. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 5% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results. 

Qualified Person 

Donald Trudel, P.Geo., (OGQ # 813) Director of Geology of the Company oversees all exploration activities on the Barry property and has compiled and approved the information contained in this press release. Mr. Trudel is a qualified person as defined by National Instrument 43-101 on standards of disclosure for mineral projects. 

About Bonterra Resources Inc. 

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value. 

FOR ADDITIONAL INFORMATION 

Marc-André Pelletier, President & CEO 

ir@btrgold.com 

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9 819-279-9304 | Website: www.btrgold.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Caution regarding forward-looking statements 

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans and placing the Bachelor-Moroy deposit under long-term care and maintenance. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors 

Val-d’Or, QC – March 6, 2022 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in northern Quebec, Canada, provides the following operational updates:

Inflation and further Cost Saving Initiatives

In response to the challenging inflationary pressures related to project development, specifically in northern Quebec, the Company continues to significantly reduce its fixed expenses. In addition to the cost saving initiatives announced in November 2022 (see press release dated November 23, 2022), the Company has completed the transition from processing most assays at its wholly owned laboratory to an external laboratory.

Bonterra has also entered into an agreement for the rental of the Bachelor camp with the main contractor in charge of the construction of the proposed Kuikuhaacheu hydroelectric power transmission line from the Waswanipi substation to the Windfall gold project. The Company is also evaluating other cost-saving initiatives.

Infill Drill Program at Barry

On September 7, 2022, the Company began a 125,000 metres (“m”) drill program at the Barry underground deposit, which holds 0.5 million ounces of Measured and Indicated Mineral resources and 0.7 million ounces of Inferred Mineral resources according to the last mineral resources estimate (the “2021 MRE”, see press release dated June 23, 2021). To date, 31,350 m of infill drilling (107 holes) has been completed, mainly in the upper half of the deposit.

The challenging inflationary pressures related to project development have also led the Company to pause the infill drill program and engineering work related to the Barry underground deposit. However, geological interpretation work will continue at both the Barry and Gladiator deposits throughout the year.

The two rigs formerly used for infill drilling will now be utilized for a targeted regional exploration program across the Company’s 38,050 hectares land package, averaging about 1,400 m per month. This drill program will be focused primarily in the Urban-Barry property and to a lesser extent, the Bachelor property. An airborne geophysical survey will also be conducted at Bachelor to identify optimal exploration targets.

Renewed Focus on Regional Exploration

The Company is pleased to announce the launch of an exploration program at the Duke property (“Duke” or the “Property”), a joint venture with Osisko Mining Inc. (“Osisko” or the “Partner”). The Property consists of 81 mineral claims totaling 3,590 hectares, adjacent to the Company’s Gladiator deposit and Osisko’s Windfall gold project (Figure 1). Bonterra and Osisko are joint venture partners with a 70% and 30% working interest, respectively, to explore Duke (see press release dated July 13, 2021). This program is part of the Company’s renewed focus on regional exploration.

The exploration program for Duke comprises ten holes, totaling 3,300 m in the corridor of volcanic rocks bounded by the Rouleau and St Çyr faults which contains the lac Rouleau deposit that comprises Zones 18, 17 and 14. Seven holes will be drilled northeast of the Lac Rouleau deposit, where the litho-structural trend abruptly shifts from N80 to N45 degrees related to the emplacement of intrusive bodies creating potential traps for mineralizing fluids, while three holes will be drilled on the west side of the Lac Rouleau deposit, directly south of the Rouleau fault to test N60 degrees trending structures that connects the St Çyr and Rouleau faults (Figure 2).

Known gold mineralization at Duke are, like the Barry and Gladiator deposits, controlled by N60 to N80 degrees trending shear zones located on, or proximal to major regional litho-stratigraphical contacts such as the Rouleau or the St Çyr faults. Gold occurrences are often associated with the lithological complexity created by mafic to felsic intrusions. It is to be noted that the Gladiator deposit contains 0.4 million ounces of Measured and Indicated Mineral resources and 1.0 million ounces of Inferred Mineral resources, as stated in the 2021 MRE.

Marc André Pelletier, President and CEO commented: “As part of our ongoing commitment to cost reduction and optimizing capital allocation for the benefit of our shareholders, we have made the decision to pause the infill drilling campaign at the Barry deposit. We are mindful of the challenging market conditions faced by junior mining companies like Bonterra, as well as inflationary pressures such as higher energy costs for underground operations without access to the hydroelectric grid. We are pleased to note the forthcoming construction of the hydroelectrical transmission line near our projects by Miyuukaa Corporation, and we are contributing to this project by providing a camp to the main contractor. In addition, we are excited to launch a regional exploration program in collaboration with Osisko as part of our joint venture on Duke, with the goal of targeting untested ground along the Rouleau fault using two drill rigs. This program supports our view of the significant exploration potential in the Urban-Barry camp.”

Figure 1 – Duke Property – Regional Map

Geology

La propriété Duke couvre trois unités litho-stratigraphiques de la ceinture de roches vertes Urban-Barry. La formation de Lacroix composée de roches volcaniques ultramafiques à mafiques qui encaisse le gîte Gladiator, la formation de Chanceux composée majoritairement d’unités volcano-sédimentaires et de roches volcaniques mafiques qui abrite l’indice Cominco, l’indice #4 et l’indice Centaur ainsi que des occurrences de minéralisations sulfurées volcanogènes comme l’indice Lac Morissette (Quesnel), enfin la formation Macho composée de volcanites mafiques avec des centres volcaniques felsiques qui encaissent les gîtes Barry et Windfall. Ces trois unités litho-stratigraphiques sont délimitées par deux failles majeures orientées N60 degrés sub-verticales : la faille Barry, sur laquelle le gîte de Gladiator est situé, entre la formation Lacroix et Chanceux; la faille de St Çyr se produit au contact entre les formations de Chanceux et de Macho où le gîte du Lac Rouleau est situé. La faille Rouleau parallèle aux failles St Cyr et Barry, délimitent un fort contraste magnétique dans la formation Macho créant une zone très prometteuse pour découvrir de nouveaux gîtes. La minéralisation sur la propriété Duke varie en style. Le gîte du lac Rouleau consiste en une diorite fortement altérée et cisaillée au contact entre des coulées mafiques et des tufs intermédiaires avec une minéralisation en pyrite et des veines de quartz fumé. Les indices Cominco, indice #4 et Centaur, encaissés dans un gabbro et son contact cisaillé avec les roches volcaniques, sont composés de brèches de quartz blanc associées à une forte altération carbonatée en séricite et fuchsite avec une pyritisation mineure. L’indice du Lac Morissette (Quesnel) est formé par une lentille de sulfures massifs avec un porphyre de quartz feldspaths. Le programme de forage d’exploration est conçu pour tester de nouvelles cibles le long du corridor entre les failles St Cyr et Rouleau ainsi que pour tester l’extension le long de la minéralisation connue. 

Figure 2 – Duke Exploration Program and Airborne Magnetic field Survey Results – Diamond drill holes targets location

Quality Control and Reporting Protocols

The Company’s drill core gold analyses are performed at Activation Laboratories Ltd (“Actlabs”) based in Ste-Germaine-Boulé, Quebec. The analyses are carried out by fire assay (A.A.) with atomic absorption finish and with gravimetric finish for assay above 10 g/t Au. Samples with visible gold are assayed by a metallic sieving method. Bonterra applies industry standard Quality Assurance/Quality Control (“QA/QC”). The geological team inserts blank certified samples and pulps duplicates in every batch of 20 samples. Actlabs routinely inserts certified samples (2 standards for gold, one duplicate and one blank) and results are reported in certificates of analysis. Approximately 5% of sample pulps grading more than 0.5 g/t are sent to secondary laboratories for check assay. Standards, blanks, and duplicates used by Bonterra and Actlabs are in compliance with QA/QC associated to a project at early exploration stage. A review of results is performed by Qualified Persons.

Qualified Person

Donald Trudel, P.Geo., (OGQ # 813) Director of Geology of the Company oversees all exploration activities on the Bonterra’s properties and has compiled and approved the information contained in this press release. Mr. Trudel is a qualified person as defined by National Instrument 43-101 on standards of disclosure for mineral projects.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Marc-André Pelletier, President & CEO

ir@btrgold.com 

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-279-9304 | Site Web: www.btrgold.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution regarding forward-looking statements

This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans and placing the Bachelor-Moroy deposit under long-term care and maintenance. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forwardlooking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.

Val-d’Or, QC – April 7, 2022 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce results from the ongoing drilling campaign at the Barry project. Recent drilling results expand upon the northeast sector of the Barry deposit near surface and the southwest sector at depth. The latest results obtained from 43 diamond drill holes are designed to increase the 2021 mineral resource estimate (“2021 MRE”) (see press release dated June 23, 2021). Drilling highlights include 7.1 grams-per-ton gold (“g/t Au”) over 7.6 metres (“m”) in the near-surface zone AB08, approximately 200 m northeast of the previously released intercept 8.0 g/t Au over 7.6 m (see press release dated October 5, 2021).

The Company is currently drilling at a rate of approximately 7,500 m per month, focused mainly on expanding its Barry and Gladiator gold deposits highlighted within the recently released 2021 MREs.

Highlights include:

• 7.1 g/t Au over 7.6 m, including 20.1 g/t Au over 1.4 m and 13.2 g/t Au over 1.4 m in hole MB-21-417
• 1.3 g/t Au over 12.0 m, including 3.0 g/t Au over 4.8 m in hole MB-21-404
• 2.3 g/t Au over 9.0 m, including 6.8 g/t Au over 2.6 m in hole MB-21-409
• 17.4 g/t Au over 4.4 m, including 146.0 g/t Au over 0.5 m in hole MB-21-410
• 10.8 g/t Au over 5.1 m, including 23.1 g/t Au over 1.4 m in hole MB-22-416
• 12.1 g/t Au over 6.1 m, including 73.5 g/t Au over 0.5 m in hole MB-22-420

Marc André Pelletier, President and CEO commented: “These recent drill results confirm the extension of the mineralization near surface and at depth at Barry, extending the existing mineral resource by over 200 m to the northeast from the resource pit shell, and up to 50 m to the southwest of the underground resource. The continuation of the H12 zone and the discovery of new H series at depth demonstrate the potential to add more ounces beyond the existing 2021 MRE.

Work is currently underway on a Preliminary Economic Assessment (“PEA”) based on the open pit resources at Barry in the 2021 MRE. The PEA is projected to be completed in late Q2 2022 and is expected to demonstrate the potential for restarting mining operations in the near term. The Company will soon undertake infill and definition drilling on the underground portion of the deposit to better understand the potential of an underground mining scenario.

At present, exploration activities at Barry include one drill rig drilling an additional 400 m to the northeast of the existing open pit resources and a second drill on regional exploration targets, approximately 5 kilometers to the northeast of the Barry deposit.

At the Bachelor Mine Complex, the permitting process for the mill and tailings management area expansion is ongoing, and the Company expects to provide additional information by mid-year with a COMEX permit expected by end of 2022 and provincial permits thereafter.”

The Barry drilling campaign is currently focused on the expansion of key gold mineralized northeast of the 2021 MRE. Multiple diamond drill holes have been designed to confirm the open pit extension potential to the northeast. Several drill holes have confirmed the extension of the mineralization near surface with large intercepts grading above the open pit resource cut-off grade (1.0 g/t Au). Specifically, hole MB-21-417 extended the near surface mineralization by 200 m with 7.1 g/t Au over 7.6 m, including 20.1 g/t Au over 1.4 m and 13.2 g/t Au over 1.4 m in the AB08 zone and 3.9 g/t Au over 6.3 m, including 10.1 g/t Au over 2.0 m in a new H series zone (figure 2).

Expansion drilling has also confirmed the mineral continuity and expansion of several known H-Type zones, particularly the H12 zone with holes MB-22-420 and MB-22-416, which respectively intersected 12.1 g/t Au over 6.1 m, including 73.5 g/t Au over 0.5 m and 10.8 g/t Au over 5.1 m, including 23.1 g/t Au over 1.4m, expanding the mineralization by 75 m at depth and 50 m to the southwest beyond the 2021 MRE (figure 3).

Barry Deposit Geology

The Barry gold deposit is characterized by three dominant sets of structures, all dipping to the southeast. The sub-vertical shear zones and the H-Series shear zones dipping 25 to 40 degrees are hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Contact zones dip at 50-65 degrees along the lower and upper contacts of the D1, D2 and D3 felsic intrusions with mafic volcanics. Gold mineralization is associated with disseminated sulfides within shear zones and veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 700 m vertical and remains open for expansion.

The following table shows the significant intersections of the drill holes presented in this press release:

Quality Control and Reporting Protocols

The Barry project’s drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are conducted by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Persons

Boris Artinian, P.Geo., (OGQ # 1546) Chief Geologist of the Company oversees all exploration activities on the Barry project and has compiled and approved the information contained in this press release. Mr. Artinian is a qualified person as defined by National Instrument 43-101 (“NI-43-101”).

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Marc-Andre Pelletier, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

 This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political, and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.

Val-d’Or, QC – January 5, 2022 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to provide new exploration results from the regional drilling campaign on the Moss property. The recent drilling results at Moss confirm the existence of high-grade gold mineralized veining in hole UB-21-15, which returned 6.4 g/t Au over 1.5 metres (“m”), including 18.9 g/t Au over 0.5 m.

Highlights:

• 6.4 g/t Au over 1.5 m, including 18.9 g/t Au over 0.9 m in hole UB-21-15
• 6.5 g/t Au over 1.5 m in hole UB-21-16

Pascal Hamelin, CEO commented: “These new high-grade exploration drilling results at Moss are very encouraging. Moss is an important regional target that was first drill tested by the Company in 2016. The discovery hole BE-16-09 returned 9.2 g/t Au over 2.2 m and 70.9 g/t Au over 2.6 m (see press release by a predecessor Company {Metanor Resources Inc.} dated October 31, 2016). Importantly, Moss is open along strike and at depth and situated between the Company’s Barry deposit and the neighboring Windfall deposit. We currently plan to continue drill testing the Moss target area in the coming year.”

The recent exploration drilling targeted the expansion of existing gold mineralization interpreted to trend northeast from some key historic high grade intersections in the Moss Center and Moss East areas. Moss historic values include 15.2 g/t Au over 1.3 m, 70.9 g/t Au over 2.6 m, and 102.2 g/t Au over 0.2 m (see SIGEOM document GM 70866 – MNRQ). Mineralization at Moss consists of a system sub-parallel mineralized veins trending northeast identified along a span of approximately three kilometres (“km”) and remains open along strike and at depth.

Bonterra has drilled sixteen holes representing a total of 6,990 m at the Moss since September 2021. Partial results from twelve drill holes have been received thus far. Results from the remaining four holes are pending (See Figures 1, 2, 3, 4, 5 & 6 and Table 1).

Moss is centered on the northeast trending Mazeres fault along which several gold deposits and gold showings are spatially associated including the Barry and Windfall deposits. The Moss property is dominated by massive to pillowed basaltic to andesitic rocks with minor felsic volcanic rocks and tuffaceous horizons across the central and southeastern property area with local gabbroic to dioritic and felsic intrusions. Mineralization at Moss consists of a system of sub-parallel, shear hosted quartzcarbonate-chlorite veining and stockworks with minor sulfides which include pyrite, pyrrhotite, sphalerite and gold trending northeast and identified along a span of approximately three kms.

The Moss mineralized trend is subdivided into three areas: Moss West, Moss Center and Moss East. (See Figure 2)

Figure 3 – Moss East Cross-Section UB-21-15

Figure 4 – Moss East Cross-Section UB-21-17

Figure 5 – Moss Cross-Section UB-21-16

Figure 6 – Moss Cross-Section UB-21-10

Quality Control and Reporting Protocols

The Moss drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”) and at Activation Laboratories Ltd. (“Actlabs”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Person

The Moss drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”) and at Activation Laboratories Ltd. (“Actlabs”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Person

Boris Artinian, P.Geo., Chief Geologist of the Company oversees all exploration activities on the Moss property. Mr. Artinian is a qualified person as defined by National Instrument 43-101 (“NI-43-101”). Marc Ducharme, P.Geo. and Bonterra’s Exploration Manager, has compiled and approved the information contained in this press release. Mr. Ducharme is a Qualified Person as defined by NI 43-101.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

 This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts”, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the outlook for the Gladiator, Barry, and Moroy projects; updated mineral resources; the deposit remaining open laterally and at depth; and future drilling. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Bonterra cannot assure shareholders and prospective purchasers of the Company’s securities that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Bonterra nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements.

Val-d’Or, QC – November 22, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce results from the ongoing expansion diamond drilling at its Gladiator project. The focus of this exploration campaign is on expanding the size and scope of the Gladiator gold deposit and supplementing the recently updated mineral resource estimate (the “2021 MRE”, see press release dated June 23, 2021). The ongoing expansion drilling program at Gladiator continues to effectively extend the size of the mineralization with recent results confirming the existence of additional North Dipper zones and the up-dip and lateral expansion of previously identified North Dipper zones outside of the existing 2021 MRE at Gladiator.

The Company is currently drilling at a rate of approximately 6,000 metres (“m”) per month which is balanced between expansion drilling at the Gladiator and Barry deposits and testing regional targets in the Urban-Barry sector.

Assays from 20 expansion diamond drill holes outside the 2021 MRE, have been received since the Company’s September 2, 2021 press release. The assay results included in this press release are highlighted by:

• North Dipper: 50.0 g/t Au over 1.4 m, including 139.5 g/t Au over 0.5 m in hole BA-21-45
• North Dipper: 7.9 g/t Au over 2.2 m, including 16.8 g/t Au over 1.0 m in hole BA-21-26
• North Dipper: 20.6 g/t Au over 0.5 m in hole BA-21-51A

Pascal Hamelin, CEO commented: “These recent drill results confirm additional occurrences and extensions of high-grade North dipping structures outside of the existing 2021 MRE at Gladiator. Drill rigs at Gladiator have been moved onto land for the winter months to focus on deeper drilling to test new targets.”

Figure 1 – Gladiator Project – Drill Hole Location Map

The recent drilling has intersected the up-dip extension of several North Dipper zones associated to the Main Zone Corridor, with hole BA-21-45 returning 50.0 g/t Au over 1.4 m, including 139.5 g/t Au over 0.5 m, hole BA-21-26 returning 7.9 g/t Au over 2.2 m, including 16.8 g/t Au over 1.0 m and 6.0 g/t Au over 1.5 m, including 16.6 g/t Au over 0.5 m. Additional results obtained from previously released hole BA-21-19 intersecting a North Dipper zone returned 5.5 g/t Au over 1.2 m (Figures 1 and 2).

Figure 2 – Gladiator Project – Composite Cross Section (Hole BA-21-19, BA-21-26 & BA-21-45) Looking southwest

Gladiator Deposit Geology

The Gladiator deposit consists of a set of shear hosted sub-vertical quartz veins oriented at 60 degrees azimuth and are spatially associated with felsic dykes. The zones named spatially from the north-northwest to the south-southeast are: The North Zone, Footwall Zone and the Main Zone. These three zones include several sub-parallel veins interpreted as dislocated folds in sheared structures. The North Dippers Zones consist of secondary shears/fractures occurring in more brittle lithologies within gabbroic sills and a porphyritic felsic intrusive stock situated between the principal sub-vertical shears. They consist of shear/fracture filling quartz veins dipping 45 to 75 degrees to the north and oriented east-west. The North Dippers include the Barbeau Zone, which is one of the most significant zones in size and continuity at the Gladiator deposit. The Rivage Zone is located just north of the North Zone and consists of sub-vertical narrow shear hosted quartz veins. The South Zone consists of a sub-vertical shear hosted veining trending 70 to 80 degrees azimuth that bounds and drags the southern extensions of the North Dipper Zones. The Titan Zone consists of three verticals strongly deformed shear hosted veins trending 90 degrees azimuth located about 2 km to the North East of the Gladiator deposit. The South Titan Zones correspond to veins belonging to the sheared corridor that carry the Titan Zone. All the deposit zones have a strong 45 to 50 degree plunge to the northeast and remain open at depth along the northeast plunge (Figures 1 and 2).

The following table shows the significant intersections of the drill holes presented in this press release.

Quality Control and Reporting Protocols

The Gladiator project’s drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Persons

Boris Artinian, P.Geo., Chief Geologist of the Company oversees all exploration activities on the Gladiator Project. Mr. Artinian is a qualified person as defined by National Instrument 43-101 (“NI-43-101”). Marc Ducharme, P.Geo. and Bonterra’s Exploration Manager, approved the information contained in this press release. Mr. Ducharme is a Qualified Person as defined by NI 43-101.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.com

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

 This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

Val-d’Or, QC – November 11, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the upcoming appointment of Mr. Marc-Andre Pelletier as President and Chief Executive Officer of the Company (the “Appointment”) with a targeted effective start date of January 17, 2022 (the “Effective Date”). Mr. Pelletier will succeed Pascal Hamelin, who will be resigning on the Effective Date and will assist the Company through this transition. In addition, Mr. Pelletier has been appointed as a Director of the Company effective immediately. 

Marc-Andre is a professional mining engineer with over 25 years of experience, predominantly in underground gold mines. He was most recently the Chief Operating Officer at Wesdome Gold Mines Ltd. (“Wesdome”) where he was instrumental in the production re-start of the Kiena Mine, only five years after the original discovery of the high-grade Deep Zone. Mr. Pelletier also contributed to the increase of production at the Eagle Mine to near 100,000 ounces per year through optimization works and exploration success. Prior to Marc-Andre’s tenure at Wesdome, he was Vice-President of Operations at St Andrew Goldfields Ltd., where he successfully put three underground mines and one open pit mine into production in less than five years until its acquisition by Kirkland Lake Gold in 2016. 

The Company also announces that upon joining Bonterra, Mr. Pelletier will be reviewing all ongoing and planned exploration and development activities, including the preliminary economic assessment (“PEA”) that is in progress. The Company expects to provide further updates in Q1 2022, after the review has been completed. In connection with this review, the Company has launched a formal search to add an experienced Vice President of Exploration to support Mr. Pelletier. 

Cesar Gonzalez, Executive Chairman of Bonterra commented: “On behalf of the Board, I am very pleased to welcome Marc-Andre as the new CEO. He is an experienced executive with a successful track record of building and operating gold mines in the Abitibi Greenstone Belt. We are excited that Marc-Andre shares our vision of utilizing Bonterra’s significant infrastructure and growing resources to re-start production and look forward to developing and achieving key milestones together. In addition, I would like to thank Mr. Hamelin for his many contributions to Bonterra during his tenure and wish him tremendous success on his future endeavors.” 

Marc-Andre Pelletier, incoming President, CEO and Director of Bonterra stated: “I am thrilled to be leading Bonterra and working closely with the Board and all of our employees to continue the progress made in the last couple years. My immediate focus will be on reviewing the Company’s strategy to better advance our projects toward production while maximizing our shareholder’s return. Bonterra owns high-quality assets with high potential of resource expansion in a very prolific region in Quebec.” 

 As part of the Appointment, the Company also announces that it has granted Mr. Pelletier 2,500,000 incentive stock options (“Options”). The Options were granted pursuant to the Company’s Stock Option Plan and each Option entitles the holder to acquire one common share of the Company at an exercise price of $1.27 until November 11, 2026. These Options vest as follows: (a) 1/4 of the Options granted on the Effective Date; (b) 1/4 of the Options granted on the first anniversary of the Effective Date; (c) 1/4 of the Options granted on the second anniversary of the Effective Date; and (d) 1/4 of the Options granted, being the remaining amount, on the third anniversary of the Effective Date, subject to a vesting acceleration clause under certain events. 

About Bonterra Resources Inc. 

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 24 months to deliver shareholder value. 

FOR ADDITIONAL INFORMATION 

Cesar Gonzalez, Executive Chairman 

ir@btrgold.com 

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements 

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts”, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the outlook for the Gladiator, Barry, and Moroy projects; updated mineral resources; the deposit remaining open laterally and at depth; and future drilling. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Bonterra cannot assure shareholders and prospective purchasers of the Company’s securities that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Bonterra nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements. 

Val-d’Or, QC – October 05, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce results from the ongoing drilling campaign at the Barry project. Recent drilling results expand upon the northeast sector of the Barry deposit near surface and at depth. The latest results obtained from 21 diamond drill holes are designed to expand the 2021 mineral resource estimate (“2021 MRE”) released in June (see press release dated June 23, 2021). Drilling highlights include 8.0 g/t grams-per-tonne gold (“g/t Au”) over 12.1 metres (“m”) in the near-surface zone AB8, approximately 75 m northeast of the 2021 MRE.

The Company is currently drilling at a rate of approximately 6,000 m per month, focused on expanding its main gold deposits highlighted within the recently released 2021 MREs.

Highlights include:

• 8.0 g/t Au over 12.1 m, including 14.9 g/t Au over 3.7 m in MB-21-384
• 1.8 g/t Au over 13.5 m, including 10.4 g/t Au over 1.0 m in MB-21-372
• 2.5 g/t Au over 8.3 m, including 11.2 g/t Au over 1.7 m and 4.6 g/t Au over 3.5 m, including 25.6 g/t Au over 0.6 m in MB-21-382

Pascal Hamelin, CEO commented: “These near surface results, in particular in hole MB-21-384 substantiates our view that a strong mineralized potential exists at Barry from the recent exploration drilling which intercepted thick and continuous gold mineralization intervals near surface and within 200 m depth immediately adjacent to the 2021 MRE. More assays are pending from this same sector, and we look forward to receiving more diamond drill results from this area.”

Figure 1 – Barry Project – Drill Hole Location Map.

 See Figure 2 for details of drill holes in the northeast sector of the Barry deposit

Figure 2 – Barry Project – Drill Hole Location Detailed Map

The Barry drilling campaign is currently focused on the expansion of key gold mineralized zones around the 2021 MRE. Multiple diamond drill holes tested open pit potential to the northeast of the open pit resource shell in the 2021 MRE and followed up on deeper intercepts with holes MB-21-382 and MB- 21-383 (see press release dated March 1, 2021). High-grade gold mineralization occurring near-surface above open pit cut-off grade was intercepted at approximately 50 m northeast of the existing pit shell in the AB7 and AB8 zones and mineralization remains open to the east. Expansion drilling has confirmed the mineral continuity of several known H-Type zones and has intercepted new additional H-type zones north of the 1000 zone, returning high-grade intercepts at less than 200 m depth and laterally within 50 to 100 m of the existing resource along the 1000 zone. Follow-up drilling of this target area northeast of the Barry gold deposit will continue throughout the remainder of Q4 2021 and into Q1 2022 in order to better define their geometries. Drilling also continues to test extensions and outlining continued potential at depth of the H series mineralized structures to the southwest of Barry (Table 1, Figures 1, 2, 3, 4 and 5).

Figure 3 – Barry Project – Composite Cross Section (MB-21-384)

Figure 4 – Barry Project – Composite Cross Section (MB-21-357, MB-21-360, MB-21-382, MB-21-383, MB-21-385)

Figure 5 – Barry Project – Composite Cross Section (MB-21-352, MB-21-372, MB-21-375, MB-21-380)

Barry Deposit Geology

The Barry gold deposit is characterized by three dominant sets of structures, all dipping to the southeast. The sub-vertical shear zones and the H-Series shear zones dipping 25 to 40 degrees are hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Contact zones dip at 50-65 degrees along the lower and upper contacts of the D1, D2 and D3 felsic intrusions with mafic volcanics. Gold mineralization is associated with disseminated sulfides within shear zones and veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 700 m vertical and remains open for expansion.

Table 1: Barry Drillhole Results

Notes:

1) The meterage represents the length of the drilled lengths.

2) True widths are estimated to be greater than 70% of the drill intersection length.

3) The shown mineralized intervals listed are above 0.5 g/t Au.

4) Gold results obtained below 0.1 g/t Au are represented as no significant values

Quality Control and Reporting Protocols

The Barry project’s drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Person

Marc Ducharme, P.Geo. and Bonterra’s Exploration Manager, has compiled and approved the information contained in this press release. Mr. Ducharme is a qualified person as defined by NI 43-101.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Cautionary and Forward-Looking Statements

 This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts”, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the outlook for the Gladiator, Barry, and Moroy projects; updated mineral resources; the deposit remaining open laterally and at depth; and future drilling. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Bonterra cannot assure shareholders and prospective purchasers of the Company’s securities that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Bonterra nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements.

Val-d’Or, QC – September 27, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. to act as lead agent (the “Lead Agent”), on its own behalf and on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents”), in connection with a “best efforts” private placement to raise gross proceeds of $10,143,000, through the issuance of 6,900,000 common shares of the Company issued on a flow-through basis (the “FT Shares”) at a price of $1.47 per FT Share (the “Offering”).

The Company has also granted the Agents an option, exercisable in whole or in part at any time up to 48 hours prior to closing of the Offering, which will allow the Agents to sell up to an additional 15% of the FT Shares on the same terms.

In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal up to 6% of the gross proceeds of the Offering.

The gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act (Quebec) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2022 and renounced to the subscribers with an effective date no later than December 31, 2021 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Québec resident subscribers who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec). If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Share subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.

The Offering is expected to close on or about October 19, 2021 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Cautionary and Forward-Looking Statements

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the FT Shares, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Val-d’Or, QC – September 08, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce results from the ongoing drilling campaign at the Barry project. Recent drilling results expand upon the northeast sector of the Barry deposit near surface and at depth (Figures 1 and 2). The latest results encompass 13 diamond drill holes designed to expand the 2021 mineral resource estimate (“2021 MRE”) released in June (see press release dated June 23, 2021). Drilling highlights include 16.5 g/t grams-per-tonne gold (“g/t Au”) over 2.7 metres (“m”) in a new zone named H16, immediately northeast of the 2021 MRE.

The Company is currently drilling at a rate of approximately 6,000 m per month, focused on its main gold deposits to expand upon the recently released 2021 MREs. In addition, work on the preliminary economic assessment (“PEA”), which would utilize the existing Bachelor Mill as a central processing facility is ongoing and is expected to be completed in Q4 2021.

Highlights include:

• 16.5 g/t Au over 2.7 m, including 29.5 g/t over 1.0 m and 4.5 g/t over 2.0 m in MB-21-355
• 0.7 g/t Au over 55.0 m, including 7.5 g/t Au over 1.5 m and 3.6 g/t Au over 3.9 m in MB-21-359
• 16.0 g/t over 0.6 m and 12.6 g/t over 0.5 m in MB-21-368
• 5.9 g/t Au over 5.3 m, including 22.0 g/t over 0.9 m in MB-21-369
• 4.8 g/t over 2.0 m, including 18.4 g/t over 0.4 m in MB-21-376

Pascal Hamelin, CEO commented: “The results released today support our view that substantial near surface exploration potential exists at Barry. Recent exploration drilling hit both thick, continuous mineralization at open pit depth and high-grade intervals within 200 m depth immediately adjacent of the 2021 MRE. We look forward to receiving more diamond drill results from this area soon.”

Figure 1 – Barry Project – Drill Hole Location Map.

See Figure 2 for details of drill holes in the northeast sector of the Barry deposit

Figure 2 – Barry Project – Drill Hole Location Detailed Map

The Barry drilling campaign is currently focused on the expansion of key gold mineralized zones around the 2021 MRE. Multiple diamond drill holes tested open pit potential to the northeast of the open pit resource shell in the 2021 MRE and followed up on deeper intercepts in hole MB-20-323 in the same sector (see press release dated March 1, 2021). Near-surface mineralization above open pit cut-off grade was intercepted up to 100 m northeast of the existing pit shell (Table 1, Figures 2, 3 and 4). Mineralization remains open to the east. Drilling also confirmed the presence of several H-type zones north of the 1000 zone, returning high-grade intercepts at less than 200 m depth and laterally within 50 to 250 m of the existing resource along the 1000 zone (Table 1, Figures 2, 3 and 4). Follow-up drilling on these very promising targets is expected to begin soon in order to better define their geometries. Several drill holes also continued to test extensions of the H series structures to the southwest, with success along the H3 zone, outlining continued potential at depth (Table 1 and Figure 1).

Figure 3 – Barry Project – Composite Cross Section (MB-21-357, MB-21-358, MB-21-359, MB-21-360, MB-21-362)

Figure 4 – Barry Project – Composite Cross Section (MB-21-355, MB-21-368, MB-21-369, MB-21-370)

Barry Deposit Geology

The Barry gold deposit is characterized by three dominant sets of structures, all dipping to the southeast. The sub-vertical shear zones and the H-Series shear zones dipping 25 to 40 degrees are hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Contact zones dip at 50-65 degrees along the lower and upper contacts of the D1, D2 and D3 felsic intrusions with mafic volcanics. Gold mineralization is associated with disseminated sulfides within shear zones and veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 700 m vertical and remains open for expansion.

Table 1: Barry Drillhole Results Highlights

Quality Control and Reporting Protocols

The Barry project’s drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Person

Marc Ducharme, P.Geo. and Bonterra’s Exploration Manager, has compiled and approved the information contained in this press release. Mr. Ducharme is a qualified person as defined by NI 43-101.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

 This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts”, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the outlook for the Gladiator, Barry, and Moroy projects; updated mineral resources; the deposit remaining open laterally and at depth; and future drilling. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Bonterra cannot assure shareholders and prospective purchasers of the Company’s securities that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Bonterra nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements.

Val-d’Or, QC – July 13, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the completion of the option earn-in requirements to acquire a 70% interest in 81 strategic mineral claims totaling 3,590 hectares adjacent to the Company’s Gladiator Project (the “Duke Property”) and convert the option agreement into a joint venture agreement (the “JV”). In addition, Bonterra is pleased to provide an update on results from the ongoing drilling campaign on the Duke Property.

In July 2018, Bonterra signed the option agreement on the Duke Property (the “Duke Option”) with Beaufield Resources Inc. (See Figure 1 and the Bonterra press release dated July 9, 2018). Following the execution of the Duke Option, Osisko Mining Inc. (“Osisko”) acquired Beaufield Resources Inc. in August 2018.

Bonterra has now satisfied all of the terms under the Duke Option and has sent the notice of exercise of the Duke Option to Osisko. Following this notice, the joint venture agreement is deemed formed as set out in the Duke Option.

The key points of the JV are as follows:

• 70% interest of all mineral claims titles will be transferred to Bonterra.
• Respective participating interest, and deemed contributions to past expenditures shall be allocated as follows:
• Bonterra – 70%, with a deemed contribution of $7,000,000
• Osisko – 30%, with a deemed contribution of $3,000,000
• Bonterra will start as the operator of the JV.
• Upon signature of the JV, creation of a management committee with the operator entitled to appoint three members to the committee and the non-operator entitled to appoint two members to the committee.

In the coming weeks, Bonterra and Osisko will work together to finalize the terms of the JV, create the management committee, and set an exploration budget for the Duke Property.

As part of the work commitment to exercise the Duke Option, Bonterra has drilled 65 holes representing a total of 23,775 metres (“m”) at the Duke Property since January 2020. Results from 52 drill holes have been received thus far. Results from the remaining 13 holes are pending (See Table 1 and Figures 1 and 2). Recent drilling at the Duke Property has expanded existing gold mineralization of Zone 18 to the East along an East-Northeast trend and identified several new sub-parallel mineralized trends within the Duke Property (see Figures 1 and 2).

Highlights:

• 1.6 g/t Au over 27.5 m, including 4.6 g/t Au over 7.0 m in hole DK-20-22 (Zone 18)
• 1.1 g/t Au over 12.3 m, including 2.9 g/t Au over 3.3 m in hole DK-20-26 (Zone 18)
• 1.5 g/t Au over 3.0 m and 1.2 g/t Au over 6.0 m in hole DK-20-28 (Zone 18)
• 3.3 g/t Au over 2.3 m and 4.9 g/t Au over 1.5 m in hole DK-20-29 (Zone 18)
• 2.3 g/t Au over 2.3 m in hole DK-21-01 (Zone 18 SE)
• 1.1 g/t Au over 14.0 m, including 4.7 g/t Au over 1.6 m, and 2.8 g/t Au over 1.5 m in hole DK-21-04 (Centaur)

Pascal Hamelin, CEO commented: “Completing the Duke Option is an important step in the ongoing regional exploration of the more than 38,000 hectares under Bonterra’s control. Drilling results on the Duke Property are very encouraging to date and support our view that there remains tremendous exploration potential within the Urban-Barry Camp. We are especially excited about the ongoing follow-up exploration drilling on the new Centaur Zone.”

The Duke Property mineralization is associated with multiple sub-parallel, moderately dipping to subvertical, shear hosted quartz-carbonate-chlorite veins and stockworks with minor pyrite and gold trending northeast to east west hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. The Duke Property drilling program was designed to test the extension of existing mineralized targets open along strike and explore several new targets, which include Zone 18, Zone 18 North, Zone 18 Southeast, Lac Rouleau South, East Sigmoid, Centaur, Titan Extension, Duke West, Coliseum North and Gladiator North. Gold mineralization consists of disseminated sulfides within shearzones and veins with local visible gold. Zone 18 has been delineated over 1 kilometre (“km”) along strike and remains open for expansion.

Drilling at the Duke Property has identified several new gold targets with thick mineralized intervals interpreted to having good continuity and spanning from 300 m to over two km in strike length (Zone 18 North and Centaur).

The new Centaur Zone gold target was intersected by two drill holes: DK-21-04 returned values of 1.1 g/t Au over 14.0 m, including 4.7 g/t Au over 1.6 m, and 2.8 g/t Au over 1.5 m. DK-21-07 returned a value of 0.6 g/t Au over 15.1 m. Zone 18 drill results returned 1.6 g/t over 27.5 m, including 4.6 g/t Au over 7.0 m in hole DK-20-22. The Duke West target returned anomalous gold values within shear hosted quartz veins and is interpreted as the axial-planar shear of an isoclinal fold (See Figures 1 and 2 and Table 1).

Table 1: Significant mineralized intersections from drilling on the Duke Property

Quality Control and Reporting Protocols

The Duke Property’s drill core gold analyses are performed at the Company’s Bachelor Mine analytical laboratory (the “Laboratory”). The Company employs a rigorous QA-QC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. The Company’s QA-QC program requires that at least 10% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Quebec. The verifications show a high degree of correlation with the Laboratory’s results.

Qualified Person

Boris Artinian, P.Geo., Chief Geologist of the Company oversees all exploration activities on the Duke Property. Mr. Artinian is a qualified person as defined by National Instrument 43-101 (“NI-43-101”). Marc Ducharme, P.Geo. and Bonterra’s Exploration Manager, approved the information contained in this press release. Mr. Ducharme is a Qualified Person as defined by NI 43-101.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8678 | Website: www.btrgold.com

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Cautionary and Forward-Looking Statements

 This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts”, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the outlook for the Gladiator, Barry, and Moroy projects; updated mineral resources; the deposit remaining open laterally and at depth; and future drilling. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Bonterra cannot assure shareholders and prospective purchasers of the Company’s securities that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Bonterra nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements.