Author: Maxime G. Lauzon

Val-d’Or, QC – June 23, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce updated mineral resource estimates (“MREs”) for the Gladiator, Barry, and Moroy deposits, and Bachelor mine (the “2021 MREs”) prepared by independent firm, SLR Consulting (Canada) Ltd. (“SLR”). The 2021 MREs in this news release have been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014).

Following successful exploration and infill drilling programs, comprehensive mineralization modeling and higher gold prices, Bonterra is pleased to report an increase over the mineral resource estimates for the Gladiator, Barry and Moroy deposits prepared by SGS Canada Inc. (“SGS”) and dated July 11, 2019 (“2019 MREs”) of 78% and 27% in gold ounces (“oz”) for Measured and Indicated (“M&I”) and Inferred Mineral Resource categories, respectively.

The 2021 MREs benefited from nearly 130,000 metres (“m”) of drilling across the deposits since the 2019 MREs. The average drilling discovery rate resulted in approximately 7.1 oz/m drilled across all the deposits in the last two years. Bonterra plans to continue expansion drilling in the coming months on all deposits to support the Company’s growth strategy.

Table 1: Comparison of Mineral Resources in 2019 MREs with 2021 MREs

Pascal Hamelin, CEO commented: “The significant growth in estimated mineral resources across all categories supports Bonterra’s view that the Urban-Barry Camp has the potential to host multi-million oz gold deposits much like other camps within Canada’s Abitibi Greenstone Belt. The completion of the 2021 MREs sets the stage for a preliminary economic assessment (“PEA”) expected later this year. The PEA will examine the viability of a hub-and-spoke operation leveraging our existing Bachelor mill and associated infrastructure. Importantly, the permitting process to allow for an expansion of the Bachelor mill to 2,400 tonnes-per-day (“tpd”) from the current 800 tpd is approximately 75% complete.”

Cesar Gonzalez, Executive Chairman commented: “I would like to thank Pascal, Bonterra’s exploration team, board members on the Technical, Safety and Sustainability committee, and SLR that worked tirelessly to deliver the 2021 MREs on the timeline promised to our shareholders. The next milestone is the delivery of a PEA that is expected to demonstrate the economic potential of leveraging Bonterra’s existing infrastructure and permits with its rapidly growing estimated mineral resources.”

Bonterra will provide an update on its activities in a webinar, June 23, 2021 at 2:00 pm EST hosted by Adelaide Capital.

Registration link: https://us02web.zoom.us/webinar/register/WN_Pi5uj3zHQxWCZGsMpJHYWA

Table 2: Summary of MREs for Gladiator, Barry and Moroy Deposits, and Bachelor Mine – Effective June 1, 2021

Table 3: MREs for Gladiator, Barry and Moroy Deposits, and Bachelor Mine – Effective June 1, 2021

Mineral Resource Estimate Approach and Parameters

GLADIATOR DEPOSIT

The Gladiator Mineral Resource estimate is based on over 150 vein structures and clusters within seven structural groups. Block model grade estimates are controlled by the geological/vein interpretations and were completed using a three-pass inverse distance cubed (“ID3”) interpolation and capped 1 m composites. Indicated Mineral Resources were defined using drill hole spacing of up to approximately 40 m, a distance equal to the modeled variogram range. Inferred Mineral Resources are constrained by the vein wireframes and are supported by wider spaced drilling. Mineral Resources are reported within underground reporting shapes defined using a minimum thickness of 1.2 m and a gold cut-off grade of 2.6 g/t, limited to areas of continuous mineralization. All blocks within the underground constraining shapes have been included within the Mineral Resource estimate. A 50 m crown pillar below the base of overburden has been excluded from the Mineral Resources.

BARRY DEPOSIT

The Barry Mineral Resource estimate is based on over 70 veins grouped within six shallow to steeply dipping vein sets from surface to 650 m in depth, within which 1 m composites have been estimated in a multi-pass ID3 interpolation approach. Vein orientations are confirmed through mapping of surface exposure in the Barry historic pits and observed vein angles in drill core. Measured Mineral Resources were defined where proximal to historic pits and defined using drill holes spaced up to 20 m apart. Indicated Mineral Resources are limited to areas defined using drill holes spaced up to 50 m apart. Inferred Mineral Resources represent areas with drill hole spacing up to 100 m. Open pit Mineral Resources are reported within an optimized pit at a gold cut-off grade of 1.0 g/t, and below, underground Mineral Resources are reported within underground reporting shapes defined using a minimum thickness of 1.2 m and a gold cut-off grade of 2.6 g/t, and limited to areas of continuous mineralization. All blocks within the underground constraining shapes have been included within the Mineral Resource estimate.

BACHELOR MINE AND MOROY DEPOSIT

The Bachelor mine Mineral Resource estimate is defined by four wireframes representing mineralization extension just below and adjacent to existing mine workings. A total of 11 wireframes in four groups define the Moroy deposit domain extents. Vein orientations at Moroy have been confirmed through underground mapping and sampling, as well as vein orientations observed in drill core. At Bachelor, veins mimic overlying mined out areas in both orientation and form. For both Bachelor and Moroy, gold grades have been estimated using full width drill hole and channel sample intercepts within a multipass ID3 interpolation approach.

Measured Mineral Resources have been defined where proximal to development. Indicated and Inferred Mineral Resources were defined where drill hole spacings of up to approximately 35 m and 70 m were achieved, respectively, and modified to consider geological understanding and grade continuity. Mineral Resources at Bachelor are reported within underground reporting shapes defined using a minimum thickness of 1.2 m and a gold cut-off grade of 2.4 g/t. All blocks within the underground constraining shapes have been included within the Mineral Resource estimate. Mineral Resources at Moroy are reported using gold cut-off grades of 2.4 g/t and 3.0 g/t, as well as above grade-thickness values of 2.88 g/t m and 3.6 g/t m, domain dependent. A 50 m crown pillar below the base of overburden has been excluded from the Moroy Mineral Resources and existing mine workings have been excluded from both the Moroy deposit and Bachelor mine.

SUMMARY AND VALIDATION

All Mineral Resource domains were defined within Leapfrog Geo software and sub-block model estimates were completed within Leapfrog Edge or Datamine software. Underground constraining shapes at Gladiator, Barry and Bachelor Mine were optimized using Deswik stope optimizer software. The limit of the open pit Mineral Resource shell was optimized using Geovia Whittle software, and was determined with consideration to underground mining costs. In addition to standard database validation techniques, wireframe and block model validation procedures including wireframe to block volume confirmation, statistical comparisons with composite and nearest neighbour estimates, swath plots, visual reviews in 3D, longitudinal, cross section, and plan views, as well as cross software reporting confirmation were completed for all deposits. In addition to SLR’s internal peer and senior review processes, Bonterra’s technical team and external consultants SGS have reviewed the MREs.

These MREs will form the basis for a PEA, to be released in Q4, 2021. The MREs were completed in accordance with CIM (2014) incorporated, by reference, into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The results of the MREs will be fully documented in an independent Technical Report prepared in accordance with NI 43-101 and to be filed on the Company’s SEDAR profile within 45 days of the disclosure of this news release.

Qualified Persons Statement

The MREs were prepared by Ms. Valerie Wilson, M.Sc., P.Geo., Consultant Geologist at SLR, based in Toronto, Ontario, Canada. Ms. Wilson is an Independent Qualified Person as defined by NI 43-101. Ms. Wilson has read and approved the contents of this news release as it relates to the disclosed MREs.

Allan Armitage, Ph.D., P.Geo. and Rohan Millar, B.Sc., P.Geo. acted as Independent Qualified Persons as defined by NI 43-101 on behalf of SGS in connection with the peer review of the MREs presented in this release.

Marc Ducharme, B.Sc., P.Geo. and Bonterra’s Exploration Manager, has reviewed 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 press release contains “forward-looking information” and “estimates” 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 – June 8, 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 continues to expand the Barry “H-Series” gold mineralized zones at depth. Specifically, the Barry H15 Zone gold mineralized outline has quadrupled in size since the last National Instrument 43-101 (“NI 43-101”) report was filed in 2019 and remains open along strike and at depth (see Figure 4). The latest drilling results encompass 25 expansion diamond drill holes [12,989 metres (“m”)], including seven drill holes that were deepened to test for potential extensions of “H-Series” subparallel zones. Drilling highlights include a wide zone of mineralization in drill hole MB-21-346 that intercepted 4.4 grams-per-tonne gold (“g/t Au”) over 8.0 m (see Figures 1 to 4).

The Company is currently drilling at a rate of approximately 10,000 m per month and plans to announce a mineral resource estimate update on its three main deposits, Gladiator, Barry, and Moroy in the coming weeks (the “2021 Resource Update”), which is expected to incorporate approximately 130,000 m of new drilling information, including the results presented today. In addition, work on the the Preliminary Economic Assessment (“PEA”) is ongoing and is expected to be completed in Q4 2021 (see press release dated March 1, 2021).

Drilling Highlights*:

• 4.4 g/t Au over 8.0 m in hole MB-21-346
• 9.0 g/t Au over 3.6 m and 5.5 g/t Au over 2.1 m in hole MB-21-345
• 11.4 g/t Au over 1.8 m in hole MB-21-343
• 5.4 g/t Au over 5.0 m in hole MB-21-341
• 5.6 g/t Au over 4.0 m in hole MB-21-349

* True widths are estimated to be greater than 65% of the drill intersection length.

Pascal Hamelin, CEO commented: “It is very encouraging to continue seeing drill results that demonstrate good continuity across thick widths in these “H-Series” gold mineralized zones. I really look forward to seeing how these results are incorporated into the upcoming mineral resource estimate update. Importantly, companywide engineering and permitting continues to progress which should allow for a smooth and rapid transition for Bonterra from exploration to development over the next 18-24 months.”

The Company has drilled 86 holes and deepened eight existing holes representing a total of 38,958 m at Barry since July 23, 2020. Complete and partial results from 21 drill holes have been received including seven of the eight deepened holes since the press release dated March 31, 2021. Some results from the remaining holes are still pending (See Table 1 and Figure 1).

The Barry drilling program targeted the expansion and continuity of the gold mineralized zones in key areas around the NI 43-101 Barry mineral resource estimate in 2019. Drilling results continue to confirm the expansion of multiple “H-Series” subparallel zones which remain open at depth across the Barry deposit, in addition to outlining further potential to the east of the deposit (See Table 1 and Figures 1 to 4).

The Barry gold deposit is characterized as multiple sub-parallel, sub-vertical, shear zones and a second set of subparallel “H-Series” veins dipping 30 to 60 degrees to the south hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 600 m vertical and remains open for expansion.

Table 1: Significant mineralized intersections of recent drilling on the Barry deposit

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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 m of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-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 – June 2, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) announces that the Board of Directors has accelerated the rotation of its audit and risk management committee (the “Audit Committee”) members in advance of its Annual General Meeting on June 15, 2021. Effective immediately, Cesar Gonzalez has rotated off the Audit Committee and replaced by Akiba Leisman. After affecting this change, the Audit Committee is comprised of Peter O’Malley (Chair), Matthew Happyjack and Akiba Leisman.

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

Email: 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.

Val-d’Or, QC – April 29, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has signed a collaboration agreement with the City of Lebel-sur-Quévillon (“LSQ”), and further solidifies the working relationship with local and regional stakeholders.

The purpose of this agreement is to build relations between Bonterra and LSQ and to promote optimal conditions of success for the development of the various Bonterra projects and, thereby, maximizing the socioeconomic benefits for the LSQ population. This agreement will be formalized by the creation of a collaboration offer from LSQ and in the medium-term, the creation of a collaboration committee between the two parties.

Mr. Pascal Hamelin, President and CEO, commented: “We are proud of this collaboration that will allow for the local and regional communities to prosper while respecting the principles of sustainable mining development. Bonterra has embraced a strong culture of corporate social responsibility and looks forward to continuing these mutual beneficial relationships as it advances the Gladiator, Barry and Moroy Projects.

The mayor of LSQ, Mr. Alain Poirier, is delighted with this agreement: “This collaboration agreement is part of a common desire to maximize the socioeconomic benefits in LSQ through wealth creation and job creation with regard to the principles of sustainable development.”

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO

Email: 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 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, 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 – April 12, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) announces the grant of incentive stock options to acquire a total of 2,360,000 common shares of the Company to various consultants, employees, officers, and directors of the Company pursuant to the Company’s stock option plan and subject to any regulatory approval. Each stock option, vests immediately and is exercisable at a price of $1.16 per share for a period of five years from the grant date.

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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 metres of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-months to deliver shareholder value.

FOR ADDITIONAL INFORMATION:

Pascal Hamelin, President and Chief Executive Officer

Email: 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 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, 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 – April 7, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has closed the brokered private placement previously announced on March 15, 2021 for gross proceeds of $17,472,300 (the “Offering”).

Pursuant to the Offering, Bonterra issued (a) 2,350,000 common shares of the Company (the “Common Shares”) at a price of $1.05 per Common Share for gross proceeds of $2,467,500, and (b) 10,420,000 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “FT Shares”) at a price of $1.44 per FT Share for gross proceeds of $15,004,800.

Cormark Securities Inc. acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc. (collectively, the “Agents”). In connection with the Offering, the Agents received a cash fee in an amount equal to 6% of the gross proceeds of the FT Shares and 2% of the gross proceeds of the Common Shares.

The gross proceeds from the sale of the FT Shares will be used to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures”, as both terms are defined in the Income Tax Act (Canada), which will be incurred on or before December 31, 2022 and renounced to the subscribers of the FT Shares with an effective date no later than December 31, 2021 in an aggregate amount not less than the gross proceeds raised from the sale of the FT Shares. The net proceeds from the issuance of the Common Shares will be used to complete the Preliminary Economic Assessment (“PEA”) on Bonterra’s Moroy, Gladiator and Barry projects and for general working capital purposes.

The Common Shares and FT Shares issued in the Offering are subject to a statutory hold period expiring on August 8, 2021. The Offering remains subject to final acceptance by the TSX Venture Exchange.

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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 metres of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-months to deliver shareholder value.

FOR ADDITIONAL INFORMATION:

Pascal Hamelin, President and Chief Executive Officer

Email: 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 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, use of proceeds of the Offering, 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 – March 31, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce an update on results from the ongoing drilling campaign at the Barry project. Recent drilling was designed to expand the Barry “H-Series” gold mineralized zones at depth (See Figures 1 and 2). The latest drilling results encompass 11 expansion diamond drill holes (4,794 metres (“m”)), including six drill holes that were deepened to test for potential extensions of “H-Series” subparallel zones. Drilling was highlighted by a wide zone of mineralization in drill hole MB-21-340 that intercepted 7.4 grams-per-tonne gold (“g/t Au”) over 14.7 m. The Company is currently drilling at a rate of approximately 10,000 m per month and plans a mineral resource estimate update for Q2/21 (the “2021 Resource Update”), which is expected to incorporate approximately 130,000 m of new drilling information, including results presented today. In addition, work on the the Preliminary Economic Assessment (“PEA”) is ongoing and is expected to be completed in the fall of 2021 (See press release dated March 1, 2021).

Highlights:

• 7.4 g/t Au over 14.7 m and 1.4 g/t Au over 6.8 m in hole MB-21-340
• 3.8 g/t Au over 6.8 m and 2.1 g/t Au over 6.6 m in hole MB-21-339
• 3.5 g/t Au over 6.3 m in hole MB-20-255
• 3.9 g/t Au over 2.7 m in hole MB-20-278

Pascal Hamelin, CEO commented: “The ongoing drilling results at Barry are very encouraging and support our view that tremendous exploration potential remains within the camp near existing infrastructure. Several historical intercepts suggest the potential for higher-grade material to the west and drill hole MB-21-340 is no exception. There are currently two diamond drill rigs operating at Barry. Importantly, having several parallel gold-bearing structures allows for drilling to pierce several zones with each hole. The Company continues to test extensions of the deposits at all three of the Company’s flagship assets in preparation of the upcoming resource update expected in Q2/21.”

Figure 1 – Barry Project – Drill Hole Location Map

Figure 2 – Barry Deposit Longitudinal Section

The Company has drilled 70 holes and deepened six existing holes representing a total of 28,658 m at Barry since July 23, 2020. Results from eight drill holes have been received since the press release dated March 1, 2021. Results from the remaining three holes are still pending (See Table 1 and Figures 1 and 2).

The Barry gold deposit is characterized as multiple sub-parallel, sub-vertical, shear zones and a second set of subparallel “H-Series” veins dipping 50 to 60 degrees to the south hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 600 m vertical and remains open for expansion.

Due to an accumulated backlog at the Company’s laboratory, assaying priority has been assigned to drill hole samples directly affected within the 2021 Resource Update. Pending assays of samples awaiting analysis from drilling beyond the project models not included in the 2021 Resource Update are to be processed by Activation Laboratories Ltd. (“Actlabs”), based in northwestern Quebec.

Table 1: Significant mineralized intersections of recent drilling on the Barry deposit

Six existing drill holes (MB-18-189, MB-18-191, MB-18-198, MB-20-246, MB-20-255 and MB-20-278) were deepened and five new holes (MB-21-336 to 340) targeted the expansion of key areas confirming mineral continuity within the inferred resource from the 2019 Barry mineral resource estimate. Drilling results confirm the expansion of multiple “H-Series” subparallel zones open at depth in the central and west areas of the Barry deposit.

The following holes have returned significant grades in this sector; MB-20-255: 3.5 g/t Au over 6.3 m in the H15 Zone; MB-20-278: 3.9 g/t Au over 2.7 m in the H15 Zone; MB-21-339: 3.8 g/t Au over 6.8 m in the H12 zone and 2.1 g/t Au over 6.6 m in the H15 zone; MB-21-340: 7.4 g/t Au over 14.7 m in the H8 Zone and 1.4 g/t Au over 6.8 m in the H15 Zone. Hole MB-21-336 intersected the 1000 zone returning 2.0 g/t Au over 2.0 m confirming that mineralization along this Barry zone remains open towards the east and at depth (See Table 1 and Figures 1 and 2).

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. Pending assays of samples awaiting analysis from drilling beyond the project models not included in the 2021 Resource Update are to be processed at Actlabs, based in northwestern Quebec.

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 National Instrument 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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 m of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-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 – March 22, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the discovery of a new near surface zone of gold mineralization found within the Company’s Bachelor-Desmaraisville land package. Drilling encountered a broad zone of mineralization that is located close to surface and within two kilometres of the Company’s 100% owned Bachelor Mill. The newly discovered zone of mineralization is proximal to the syenite intrusion shown in Figure 2. Results to date indicate that the mineralized zone is open in all directions. The Company plans to mobilize a drill crew as soon as possible to begin follow-up work.

Highlights:

• 24.85 metres (“m”) of 1.4 grams-per-tonne gold (“g/t Au”); including 4.25 m of 3.6 g/t Au (EB20-008);
• 18.3 m of 0.9 g/t Au; including 10.5 m of 1.3 g/t Au (EB21-021); and
• Both results occur within 50 m of surface and the mineralization is open in all directions.

Pascal Hamelin, CEO commented: “This newly discovered near-surface mineralized target is extremely exciting for Bonterra. The new gold target has the potential to rapidly grow due to the widths and ease in which short holes from surface can be used to define the target boundaries. To find something this close to the Bachelor mill demonstrates the untapped potential of this mining camp. We continue to believe this camp is largely underexplored and that there will be several new discoveries in the region in the near future. In addition, the discovery’s proximity to our existing mill infrastructure is also important as it lowers the hurdle to becoming a potential source of mill feed. As a result of this success, we plan on mobilizing a drill crew as soon as possible to do immediate follow-up work on near-surface targets.”

Exploration drilling results are confirming the existence of gold mineralization within sheared meta-volcanoclastic and meta-sedimentary rocks hosting quartz (+/- carbonate-ankerite-pyrite) veining and related vein stockworks. Results from the recent drilling fence across the east flank of the O’Brien intrusive stock of syenitic composition is supporting the existence of a broad gold mineralized vein system at shallow depths proximal to the mine area.

Drilling of the other regional exploration targets: Clone, Sigmoid and Deer have so far, returned anomalous gold values. These early, first pass drilling results are key for exploring the potential for gold mineralization of the relatively untested targets within the mining camp (See Figure 1).

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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 metres of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-months to deliver shareholder value.

Quality control and reporting protocols

The Desmaraisville area’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. Pending assays of samples awaiting analysis from drilling beyond the project models not included in the 2021 Resource Update are to be processed at Actlabs, based in northwestern Quebec.

Qualified person

Francis Lefebvre, P.Geo and Project Manager at Moroy supervises all exploration activities on the Moroy project. Mr. Lefebvre is a Qualified Person as defined by National Instrument 43-101 (“NI43-101”). 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 National Instrument 43-101.

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

 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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Val-d’Or, QC – March 15, 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, if applicable, 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 $10,008,000, through the issuance of 6,950,000 common shares of the Company issued on a flowthrough basis (the “FT Shares”) at a price of $1.44 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 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) (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 Offered Securities, as applicable, and, 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 April 7, 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.

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 three main assets, Gladiator, Barry, and Moroy, that collectively have a total of 698 thousand ounces in measured & indicated categories, and 1.4 million ounces in inferred category. Approximately 130,000 metres of drilling will be used to update this resource shortly. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently two-thirds the way 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-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 theTSX 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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Val-d’Or, QC – November 23, 2020 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce a non-brokered private placement of up to $10 million from the sale of common shares of the Company (the “Common Shares”) at a price of $1.15 per Common Share (the “Offering”). The Company may elect to increase the size of the Offering by issuing additional Common Shares. In addition, the Company may pay finders’ fees in connection with the Offering.

Certain insiders of the Company may participate in the Offering. The participation of Insiders in the Offering will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on the exemptions from the formal valuation and minority approval requirements in Sections 5.5.(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the related party transactions does not exceed 25% of the Company’s market capitalization.

The net proceeds of the Offering will be used to fund drilling campaigns at Bonterra’s Moroy, Gladiator and Barry projects in to prepare a resource estimate update and a Preliminary Economic Assessment (“PEA”) on these three projects and for general working capital purposes. The PEA is expected to be completed in the fall of 2021. Along with a total of 124,000 m drilled since the 2019 resource estimates on the Moroy, Gladiator and Barry projects as well as the bulk sample at Moroy, the Company expects these initiatives to help demonstrate the value of the Company’s assets.

The Common Shares to be issued under the Offering will be subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws. The Offering is subject to approval of the TSX Venture Exchange.

Corporate Change

Bonterra’s board of directors are pleased to announce that Pascal Hamelin has been promoted to the position of President and Chief Executive Officer, effective immediately. Mr. Hamelin has been acting as interim Chief Executive Officer since June 2020. Cesar Gonzalez, Chairman of Bonterra commented: “Our unanimous support for Pascal comes after the completion of a search process that started in April 2020. Pascal has worked within the Company and its predecessors in many capacities for over 10 years, has invaluable knowledge of the Company’s assets. He has longstanding relationships with employees, stakeholders, first nations groups and the Quebec Government. He has recently demonstrated his leadership abilities in advancing the Company through its exploration program, bulk sample and day-to-day operations. We look forward to Bonterra’s future under Pascal’s continued leadership as the Company moves toward a PEA in 2021, which is a major milestone in demonstrating the production potential of the Company’s assets.”

FOR ADDITIONAL INFORMATION:

Pascal Hamelin, President and Chief Executive Officer

Peter O’Malley, Director, Chair of the Special Committee

Email: 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

 The common shares offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any State in which such offer, solicitation or sale would be unlawful.

This news 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 execution of its strategy, the terms and timing of the proposed financing, and potential strategic alternatives and transactions that the Company may pursue. There can be no assurance that the Company will complete its proposed financing. Any financing may be subject to applicable regulatory approvals, including of the TSX Venture Exchange. In addition, the PEA may not be completed as planned or at all and the results of such PEA are unknown at this time and may indicate that the projects may have economic values below the Company’s expectations. 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.