Category: Uncategorized

Val-d’Or, QC – March 19, 2025 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to report the first assay results from the Gladiator Southwest (“Gladiator SW”) target and announce details of the 2025 exploration program being led by a 100% indirect subsidiary of Gold Fields Ltd (“Gold Fields” or the “Operator”) at the Phoenix JV (the “Project”). The Project is under a definitive earn-in and joint venture agreement (the “JV Agreement”) with Gold Fields (previously, Osisko Mining Inc.). Under the JV Agreement, Gold Fields has the right to acquire a 70% interest in the Project by spending C$30 million in work expenditures, with a minimum spending commitment of C$10 million per year over a three-year period (see press release dated November 28, 2023, for more details). 

Marc-André Pelletier, President and CEO commented: “Gold Fields has achieved significant progress in exploration near their high-grade Windfall project, identifying multiple promising targets for further drilling. With over half of the planned joint venture expenditures already completed in the first year, we look forward to continued collaboration to advance Quebec’s newest emerging gold camp.” 

First Assay Results from the Gladiator SW Target 

To date, over 65,000 meters (“m”) have been drilled, with approximately C$18 million invested in the Project under the JV Agreement. This includes 5,700 m (13 drill holes) completed at the Gladiator SW Target along the Barry Shear Zone by the end of 2024 (see Figure 1 – Plan View of Gladiator SW Target). Additionally, a detailed review of core samples from both the Barry and Gladiator deposits was conducted to improve geological understanding. These deposits contain a combined 1.08 million ounces of Measured and Indicated Mineral resources and 1.68 million ounces of Inferred Mineral resources, as reported in the 2021 mineral resource estimate (“2021 MRE”). 

Highlight at the Gladiator SW Target: 

• 20.3 g/t Au over 1.5m, in hole PHX-24-0119 

2025 Phoenix JV Exploration Program Updates by Gold Fields 

Gold Fields is currently preparing a potential 15,000 m drill program, with final target selection subject to internal review and prioritization. Several promising targets have already been identified, based on historical gold showings, previous drill results, and geophysical survey data (see Figure 2 – Plan View of Target Areas on the Phoenix JV). 

Gold Fields intends to deploy three to four drill rigs, primarily focused along the Barry Shear Zone at the Gladiator NE and Titan targets. The program will also explore additional areas such as Duke NE, Chanceux, the Tourmaline Ridge extension, and Rouleau Till. Diamond drilling is expected to commence later this year upon approval. Additionally, a gravity airborne survey and associated fieldwork are being planned for the upcoming summer. 

Figure 1- Phoenix JV Project – Surface Plan View with Completed Drill holes at Gladiator SW Target 

Figure 2- Phoenix JV Project – Surface Plan View with Completed Drill holes and 2025 Drill Target Areas 

Table 1: Drill Hole Locations – Phoenix JV, Gladiator SW Target 

Hole ID	Easting	Northing	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
PHX-24-0119	454635	5427686	404	152	-48.7	552

UTM Coordinates, System: NAD83 Zone 18N 

Table 2: Significant Mineralized Intersections from Drilling on the Gladiator SW Target 

Hole ID	Including	From (m)	To (m)	Length (m)	Grade (Au g/t)	Metal Factor (length x grade)
PHX-24-0119	X	82.1	83.6	1.5	20.3	30.45

1) True width determination is currently unknown but is estimated from 55 to 80% of the reported core length interval for the zone. 

2) Assays are uncut except where indicated. 

3) Intercepts have not been correlated to individual zones or vein domains at this time. 

Quality Control and Reporting Protocols (adopted by Gold Fields) 

NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val-d’Or, Québec, or Vancouver, British Colombia. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analyzed for multi-elements, including silver, using Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by Gold Fields as well as the lab. 

Qualified Person 

M. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, has reviewed and approved the technical 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 

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category. 

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the “JV Agreement”), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd, through a wholly owned Canadian subsidiary, completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development. 

FOR ADDITIONAL INFORMATION 

Marc-André 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. 

Caution regarding forward-looking statements 

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct. 

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. 

 Val-d’Or, QC – February 6, 2025 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) congratulates Urbana Corporation (“Urbana”) on initiating a 4,150 meters (“m”) winter drill program on the Urbana property located adjacent to the Moss target on the Company’s Phoenix JV with Gold Fields Ltd. (see Urbana’s press release dated on February 3, 2025). 

The Urbana property is crossed by the regional Mazères Fault, which is the main structural corridor that hosts the Barry deposit (0.689 million ounces in the Measured and Indicated categories and 0.689 million ounces in the Inferred category) and where recent drilling at the Moss Target identified high-grade gold mineralization similar to the high-grade Lynx Zone at the Windfall project (see press releases dated December 11, 2024, August 6, 2024 and April 15, 2024). 

Cesar Gonzalez, Executive Chairman, commented: “We are pleased to see Urbana initiate a drilling campaign in this highly prospective and emerging gold camp, where nearly 10 million ounces of gold have already been discovered across the Windfall, Barry, and Gladiator deposits. Despite these significant discoveries, the camp remains underexplored, with strong potential for additional finds—demonstrated by the recent discovery of Lynx-type mineralization at the Moss Target by Gold Fields. We wish our neighbors at Urbana much success in their exploration campaign.” 

Urban-Barry Camp Map 

About Bonterra Resources Inc. 

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category. 

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026. This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development. 

FOR ADDITIONAL INFORMATION 

Marc-André 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. 

Forward-Looking Information 

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct. 

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. 

Val-d’Or, QC – December 23, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that effective December 23, 2024, it granted to an officer of the Company 300,000 restricted share units of Bonterra (“RSUs”). The RSUs are subject to a one-year vesting period from the date of grant in accordance with the Company’s Omnibus Equity Incentive Compensation Plan.

The Company also grant stock options to another officer to acquire a total of 750,000 common shares of the Company. Each stock option, vests immediately and is exercisable at a price of $0.225 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 portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into a earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the “JV Agreement”), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

FOR ADDITIONAL INFORMATION

Marc-André 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.

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 the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023. 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 – December 17, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce initial assay results from its 4,761 meters (“m”) diamond drilling campaign at its 100% owned Desmaraisville South Project (“the Project”). The campaign aimed to test several new targets, focusing on: (1) observations from the 2024 fieldwork campaign, (2) follow-up on promising gold-mineralized environments identified in the 16,000 m fall 2023 drill campaign, (3) newly identified geophysical IP targets within the Opawica-Guercheville regional deformation corridor, and (4) the near-surface extension of the Hewfran gold mineralized zone.

All drill holes are located within 5 kilometers (“km”) of the Bachelor Mill Complex, ranging from near surface to a depth of less than 300 m. One drill hole, BRDS-24-072, was drilled on the Nelligan joint venture (“Nelligan JV”) in partnership with O3 Mining Inc. (now Agnico Eagle Mines Ltd or “Agnico”) where Bonterra holds a 70% interest in the Nelligan JV (see O3 Mining press release dated December 12, 2024, for more details on the acquisition by Agnico). The Nelligan JV covers an area equivalent to approximately 15% of the Project.

Marc-André Pelletier, President and CEO commented: “This year’s exploration efforts have led to the discovery of four new mineralized zones within 5 km of our 100% owned Bachelor Mill Complex on the Desmaraisville property. These zones are near surface, exhibit extensive widths of mineralized material suitable for mining, and will be prioritized for future follow-up work. With significant potential for additional discoveries, we remain committed to actively exploring the property, leveraging the benefits of innovative technologies like VRIFY’s AI-assisted mineral discovery platform. Furthermore, we are excited to welcome Agnico Eagle as a partner following the transaction with O3 Mining, and we look forward to collaborating on the Nelligan JV with our new partner.”

The campaign consisted of 16 diamond drill holes completed between August to November 2024. A total of 2,500 diamond drill core (NQ) samples, along with 408 Quality Assurance and Quality Control (“QA/QC”) samples, were submitted to various laboratories. To date, 682 analytical results remain pending.

Highlights Include:

• 1.13 g/t Au over 16.0 m, including 2.02 g/t Au over 6.0 m in hole BRDS-24-063
• 5.30 g/t Au over 1.4 m, including 18.39 g/t Au over 0.4 m in hole BRDS-24-060
• 2.58 g/t Au over 6.0 m, including 4.50 g/t Au over 3.2 m in hole BRDS-24-065
• 0.59 g/t Au over 22.3 m, including 3.17 g/t Au over 2.4 m in hole BRDS-24-066

Highlights of the Diamond Drilling Results

The diamond drilling campaign at the Project was performed on four different areas based on results from the fall 2023 drill campaign, compilation work and a fieldwork campaign conducted during the spring and summer of 2024 (Figure 1).

At the East Area, new drill holes were positioned to better intersect Northeast trending goldbearing geological structures reinterpreted from the 2024 mapping campaign. Drill hole BRDS- 24-060 intersected a hydrothermal breccia with 4-6 % fine grained pyrite. Further to the south, two drill holes, BRDS-24-061 and BRDS-24-066, were drilled at a similar azimuth and intersected highly fractured and sheared horizons with pyrite mineralization (Figure 2 and Tables 1 and 2).

West of the Bachelor Lake Intrusion, new drill holes were drilled to test the extensions of the gold intercept in drill hole BRDS-23-013 (0.80 g/t Au over 11.7 m, including 2.84 g/t Au over 1.4 m (see press release dated February 5, 2024). Drill hole BRDS-24-063 was drilled as an overcut of BRDS-23-013 and intersected a mineralized shear zone with abundant sericite, silicification and pyrite. Drill hole BRDS-24-065 was drilled as a bracket hole and also intersected a shear zone with abundant sericite, silicification, carbonate and from 2 to 5% pyrite. It remains to be determined if the gold mineralization is related to a specific geological structure or late intrusion (see Figure 3, Tables 1 and 2).

New IP targets located in the Opawica-Guercheville regional deformation corridor were evaluated during this drilling campaign. Three holes, BRDS-24-067, BRDS-24-068 and BRDS-24-072, were drilled at different locations along the corridor of deformation and intersected moderately to strongly deformed volcano-sedimentary units crosscut by quartz-carbonate veins with hydrothermal alteration and sulphide mineralization. Some iron formations and graphitic mudstones horizons were also intersected (Figure 1 and Table 1). Assay results are pending.

The near surface extension of the Hewfran Orebody was also drill-tested. This drilling was designed following the results of the mapping and sampling program carried out in the summer of 2024. A series of new channel samples from an old trench returned a graded interval of 2.79 g/t Au over 5.9 m. Four shallow drill holes were completed to evaluate near-surface projections of new gold mineralized zones, possibly located up-dip of the Hewfran orebody. Drill hole BRDS-24-057 intersected near surface strongly silicified and hematized horizon with pyrite mineralization (Figure 2 and Tables 1 and 2).

Quality Control and Reporting Protocols

The Desmaraisville South Project’s drill core gold analyses were performed at Activation Laboratories (“Actlabs”) located in Ste-Germaine-Boulé, Québec, and at the Agat Laboratory (“Agat”) located in Val-d’Or, Québec. These 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 and with gravimetric finish for assay above 10 g/t Au at both Actlabs and Agat. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor the Laboratory’s performance. Other core samples gold analysis was performed at MSALabs of Val d’Or, Québec. The samples were crushed to a particle size of 70% passing through a two-millimeter sieve, and then a 500-gram portion was taken for gold analysis by gamma ray (PhotonAssayTM). As per MSALABS’ internal procedure, blank samples, and certified reference materials are systematically inserted into the analysis sequence. MSALABS operates several laboratories worldwide and holds ISO-17025 accreditation for numerous metal determination methods, including the photon assay method.

The Company’s QA-QC program requires that at least 5 to 10% of the samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d’Or, Québec. The verifications show a high degree of correlation with the laboratory’s results.

Qualified Person

M. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, oversees all exploration activities on the Desmaraisville 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 portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into a earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the “JV Agreement”), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

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 the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023. 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 – December 12, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the closing of a non-brokered private placement (the “Offering”) pursuant to which the Company sold 2,722,391 flow-through units of the Company (each, a “FT Unit”) at a price of $0.40 per FT Unit for gross proceeds of $1,088,956.40. Each FT Unit consists of one common share of the Company (each, a “FT Share”) and one half of one common share purchase warrant (each, a “Warrant”). The FT Shares and Warrants comprising the FT Units will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec). Each Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.31 at any time on or before December 12, 2026.

The FT Shares and Warrants are subject to a four-month restricted period in Canada ending on April 13, 2025. The Offering is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals including final approval of the TSX Venture Exchange. No finder’s fees were paid in connection with the Offering.

Marc-André Pelletier, President and CEO, commented: “We are thrilled to have SIDEX, a mineral exploration investment fund, and Wexford Capital, a long-time Bonterra shareholder, participate in this offering. This investment will enable us to leverage VRIFY’s AI tools and the 2023-24 exploration work at our 100%-owned Desmaraisville property, which hosts the Bachelor Mill, to identify new targets that will form the basis of a follow-up drill program aimed at identifying a new deposit.”

André Laferrière, Investment manager at SIDEX commented: “This investment reaffirms SIDEX’s commitment to promoting innovation in mineral exploration in Québec. We believe the application of new technologies, such as artificial intelligence, could benefit the targeting process in more mature exploration projects.”

The gross proceeds from the sale of FT Units will be used by the Company to incur expenses described in paragraph (f) of the definition of “Canadian exploration expense” (“CEE”) in subsection 66.1(6) of the Income Tax Act (Canada) (the “Tax Act”) and paragraph (c) of the definition of CEE in section 395 of the Taxation Act (Québec) (the “QTA”). Purchasers of FT Units resident in the Province of Québec will, in accordance with applicable provisions of the QTA, be eligible for an additional 20% deduction for Québec tax purposes.

Insiders of the Company directly or indirectly acquired 548,478 FT Units. The issuance of FT Units to insiders is considered 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 is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company’s market capitalization.

The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. persons or any persons within the United States absent registration or available exemptions from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

About Bonterra

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the “JV Agreement”), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

About SIDEX LP

SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ. Its mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province’s mineral base, promote innovation and encourage new entrepreneurs.

About VRIFY

VRIFY Technologies is revolutionizing mineral exploration through its AI-assisted mineral discovery platform, which delivers proven results. Combining proprietary AI algorithms with one of the industry’s largest datasets, VRIFY helps exploration companies uncover valuable mineralization in their existing data without drilling new holes. The company’s vision transformer technology identifies complex patterns that traditional methods and other AI tools miss, while its advanced visualization capabilities enable clients to communicate discoveries to stakeholders effectively. Led by industry veterans and backed by proven success cases, VRIFY is transforming how forward-thinking mining companies approach mineral discovery in the Age of AI.

FOR ADDITIONAL INFORMATION

Marc-André Pelletier, President & CEO
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B
9819-825-8678 | 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐ looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding the proposed use of proceeds of the Offering. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the Offering, the timing of final TSX Venture Exchange approval; and with respect to the use of proceeds, the sufficiency of the proceeds, the speculative nature of mineral exploration and development, fluctuating commodity prices, and competitive, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 Val-d’Or, QC – December 11, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce additional assay results from the Moss target and the restart of drilling by a 100% indirect subsidiary of Gold Fields Ltd (“Gold Fields” or the “Operator”) at the Phoenix JV (formerly known as the Urban-Barry Property) (the “Project”). The Project is under a definitive earn-in and joint venture agreement (the “JV Agreement”) with Osisko Mining Inc., which is now Gold Fields. Under the JV Agreement, Gold Fields has the right to acquire up to a 70% interest in the Project by spending C$30 million in work expenditures, with a minimum spending commitment of C$10 million per year over a three-year period (see press release dated November 28, 2023, for more details). 

Marc-André Pelletier, President and CEO commented: “The start of exploration activities under Gold Fields as the new operator marks an exciting milestone for the Phoenix JV. Gold Fields’ 2025 program is focused on advancing the understanding of the regional geology and identifying new exploration targets across the property. 

Recent drilling results at the Moss target, where Lynx-style gold mineralization has been identified, highlights the strong potential for further discoveries. We are eager to collaborate with Gold Fields to advance Quebec’s newest emerging gold camp.” 

Additional Assay Results from the Moss Target 

To date, over 60,000 meters (“m”) have been drilled, and approximately C$16 million has been spent on the Project this year by Osisko under the JV Agreement. The extensive drilling program at Moss target has led to high-grade mineralization discovery similar to the Windfall-Lynx Zone. The extension at depth is confirmed by drill holes OSK-PHX-24-078 and OSK-PHX-24-096 returning 38.33 g/t Au over 1.1 m (including 69.6 g/t Au over 0.6 m) and 7.37 g/t Au over 4.2 m (including 28.6 g/t Au over 0.4 m), respectively (see press release dated August 6, 2024). The majority of the assay results have now been processed, with key results displayed on a longitudinal section in Figure 2. Significant intercepts not previously reported are shown below. 

Highlights at the Moss Target: 

• 6.23 g/t Au over 2.8m, including 18.1 Au g/t over 0.9m in hole OSK-PHX-24-112 
• 12.3 g/t Au over 0.5m and 3.97 g/t Au over 3.4 m in hole OSK-PHX-24-073 
• 7.50 g/t Au over 0.9 m, including 20.9 g/t Au over 0.3 m in hole OSK-PHX-24-106 
• 5.05 g/t Au over 1.0 m in hole OSK-PHX-24-053 

Start of Drilling by Gold Fields at the Phoenix JV 

Gold Fields is in the draft planning stage for a potential 20,000 meters drill program. Final targets remain subject to internal review and prioritization. Possible geophysical surveys are also at draft planning stage. The Operator has identified several prospective targets based on historical data including, gold showings, drill results, and geophysical surveys (see Figure 1 – Plan View of Target Areas on the Phoenix JV). 

Gold Fields plans to mobilize utilizing three to four drill rigs during the latest drilling campaign, primarily along the Barry Shear Zone where the Gladiator SW and NE/Titan targets are located. Those targets are next to the Gladiator deposit, which 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 mineral resource estimate (“2021 MRE”). In addition, a detailed review of the core samples from both Barry and Gladiator deposits is also planned. Other areas will be targeted such as Duke NE, Chanceux, Tourmaline Ridge extension and Rouleau Till as part of the program. Two drill rigs are currently turning on the Gladiator SW target, with over 3,000 m drilled to date. 

Figure 1- Phoenix JV Project – Surface Plan View with Completed Drill holes and 2025 Drill Target Areas 

Figure 2– Longitudinal View of the Moss Target with Best Results – Looking North 

UTM Coordinates, System: NAD83 Zone 18N 

Table 1: Drill Hole Locations – Phoenix JV, Moss Target Hole ID	Easting	Northing	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
OSK-PHX-24-053	447888	5431497	407	315	-46.38	405
OSK-PHX-24-073	448787	5431493	399	323	-50.28	942
OSK-PHX-24-106	447292	5430784	395	337	-54.8	582
OSK-PHX-24-112	447021	5430717	395	350	-47.87	501

1) True width determination is currently unknown but is estimated from 55 to 80% of the reported core length interval for the zone. 

2) Assays are uncut except where indicated. 

3) Intercepts have not been correlated to individual zones or vein domains at this time. 

Quality Control and Reporting Protocols (adopted by Osisko Mining Inc.) 

NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val-d’Or, Québec, or Vancouver, British Colombia. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analyzed for multi-elements, including silver, using Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by Osisko Mining as well as the lab. 

Qualified Person 

M. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, has reviewed and approved the technical 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 

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category. 

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the “JV Agreement”), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development. 

FOR ADDITIONAL INFORMATION 

Marc-André 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. 

Caution regarding forward-looking statements 

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct. 

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. 

Val-d’Or, QC – November 21, 2024 – Bonterra Resources Inc. (TSX-V: BTR) (“Bonterra” or the “Company”) is pleased to announce that it has extended the agreement with Westlake Capital (“Westlake”) pursuant to which Westlake will provide marketing and investor relations services to the Company on a non-exclusive basis, including: (i) initiating contact with qualified investors, (ii) organizing virtual or in person meetings with potential investors and analysts (iii) forwarding news releases issued by the Company to Westlake’s contact base, (iv) assisting with preparing a virtual marketing campaign by the Company, (v) assisting in obtaining coverage by newsletter writers and analysts, and (vi) assisting with market intelligence. In consideration for providing these services, Westlake will be paid a monthly cash fee of GBP 4,500 from the Company’s working capital. Westlake has been engaged for a term of six months, which may be extended by mutual agreement, subject to earlier termination by either party on 30 days’ written notice. The cost of the investor relations services provided by Westlake is not anticipated to exceed CAN$49,000 over the six-month term.

Westlake is a sole proprietorship marketing firm based out of Zurich, Switzerland, and specializing in investor relations and profile-building within the European investment community. Westlake is an arm’s length party to Bonterra and has no other relationship with the Company except under this engagement. Westlake does not own any securities of Bonterra, nor does it have any other interest in the Company or a right to acquire such an interest.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026. This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

FOR ADDITIONAL INFORMATION

Marc-André Pelletier, President & CEO
ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B
9819-825-8678 | 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐ looking statements and information are based on certain key expectations and assumptions made by management ofthe Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, the speculative nature of mineral exploration and development, fluctuating commodity prices, and competitive conditions, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Val-d’Or, QC – November 13, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of November 11, 2024, and is for four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1) month terms (each month called an “Additional Term”) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. The Company is paying the market-making fee directly to ICP Securities Inc. ICP Securities Inc does not own any securities of Bonterra Resources Inc. directly nor indirectly currently nor prior to entering our engagement.

ABOUT ICP SECURITIES INC.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026. This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

FOR ADDITIONAL INFORMATION

Marc-André 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Val-d’Or, QC – November 6, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in London. Marc-Andre Pelletier, President and CEO and Cesar Gonzalez, Executive Chairman of Bonterra Resources Inc. will be presenting about the Company’s recent and future planned activities.

121 Mining Investment London will be hosting over 150 mining companies and more than 500 investors for two days of pre-arranged, targeted 1-2-1 meetings. Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference programme will provide expert commentary and the latest market intelligence on key industry developments. This year’s event is being held on November 14-15. Any investors who would like to attend 121 Mining Investment London can register for a free pass here

About 121 Mining Investment

The 121 Mining Investment global event series connects portfolio managers and analysts from institutional funds, private equity groups and family offices with mining company management teams for 1-2-1, private in-person meetings.

121 Mining Investment has an ever-expanding global portfolio, currently covering London, New York, Cape Town, Dubai and Singapore, as well as online editions throughout the year.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026. This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

FOR ADDITIONAL INFORMATION

Marc-André 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Val-d’Or, QC – October 21, 2024 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) congratulates Gold Fields Limited, through a 100% owned Canadian subsidiary (“Gold Fields” or the “Operator”), for the acquisition of Osisko Mining Inc. (“Osisko Mining”) in an all-cash transaction valued at approximately C$2.16 billion on a fully diluted basis (the “Transaction”).

On October 17, 2024, the shareholders of Osisko Mining overwhelmingly approved the acquisition by Gold Fields via plan of arrangement. The Transaction is expected to close on or about October 25, 2024 (the “Closing”). Upon Closing, Gold Fields will assume the role of Operator of the Phoenix JV (“the Project”), located in the Urban-Barry camp near the Windfall gold deposit. Under the terms of the earn-in and joint venture agreement (“the Agreement”), Gold Fields can acquire up to a 70% interest in the Project by investing a total of C$30 million in work expenditures, with a minimum commitment of C$10 million per year over a three-year period. Since the signing of the Agreement in November 2023, Osisko Mining has drilled 60,000 meters and invested over C$15 million in the Project. This extensive drilling program has led to a significant discovery at the Moss target, revealing high-grade mineralization similar to the Windfall-Lynx Zone, which has been confirmed at depth (see release dated August 6, 2024).

Cesar Gonzalez, Executive Chairman commented: “The arrival of Gold Fields, a renowned global gold producer, opens a new chapter in the development of our Urban-Barry property and at the Windfall gold project. The recent discovery of Lynx-type mineralization demonstrates the potential for finding new deposits near the future Windfall mine. We look forward to continuing the earn-in and joint venture with our new partner Gold Fields and to the shared success that lies ahead.”

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026. This strategic transaction highlights Bonterra’s dedication to advancing its exploration assets, marking a significant step towards development.

FOR ADDITIONAL INFORMATION

Marc-André 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.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. 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. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company’s recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.