Category: Uncategorized

Val-d’Or, QC – April 1, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) announces the results of assays from the winter drill program completed to date on its Barry project. Results include an intersection of 7.35 grams per tonne (“g/t”) Au over an intersection length of 8.35 metres (“m”), including a higher-grade interval of 10.26 g/t Au over an intersection length of 4.75 m in hole MB-20-250.

The 2020 winter drill program at Barry commenced on January 6 and was suspended on March 17 due to the Company’s response to the Covid-19 virus situation. A total of 10,662 m of drilling was completed in 24 holes. Assay results for 14 of the holes have been completed in full, while assay results for 5 of the holes have been partially completed, and assays for an additional 5 holes are pending in full. The holes completed at Barry were planned to: 1) In-fill drill in selected parts of the deposit, 2) test the down dip limits of the current resource model, and 3) Explore to the immediate west of the deposit including ice-based drilling on Lac Limpide. A table of significant intersections received is attached below, in addition, the plan map attached indicates the location of these holes and projected intercepts.

Five holes drilled were aimed at deposit in-fill with the objective of converting inferred resource to indicated resource. Assays have been received for 3 of the 5 holes. The assays received from the 3 holes are consistent with assays from adjacent holes and confirm the trends of the block model. The metres completed on in-fill drilling to date are approximately one third of the metres planned for in-fill drilling at Barry. A detailed assessment of the results will be completed as assays are received and the drill program resumes.

Eight holes were drilled along the down dip limit of the resource model in selected positions where the current drilling was widely spaced. In general, the grade, thickness, and location of the intercepts are consistent with their occurrence on the margin of the Barry gold deposit. Hole MB-20-257, however, intersected a wide zone of mineralization 3.53 g/t Au over an intersection length of 15.10 m, including 5.48 g/t Au over an intersection length of 8.10 m. This intersection is consistent with the trend of the resource model and is open down dip. In general, the down dip limits of the Barry deposit remain constrained only by relatively wide spaced drilling and opportunities for expansion will be evaluated as deposit interpretation and modelling continues.

Eleven holes were drilled beyond the western limits of the current Barry resource model which is open in this direction. The concept of exploration to the west is supported by magnetic and chargeability trends. Assays are pending from 6 of the 11 holes completed. Drill hole MB-20-250 intersected 7.35 g/t Au over an intersection length of 8.35 m, including a higher-grade interval of 10.26 g/t Au over an intersection length of 4.75 m. Assays from adjacent holes have returned widespread mineralization and locally high grades over limited widths. The results to date strongly support the western extension exploration concept and the drill program planned for Lac Limpide during the 2020 winter. The assays completed to date indicate that the Barry deposit has been extended to the west. The Company will be assessing all results as received and plans to continue a drill campaign on Lac Limpide in future.

Greg Gibson, President and CEO for the Company commented: “The 2020 Winter exploration program was in full swing with 3 drills running at the time of shut down. We had only recently got on the ice and started the program on Lac Limpide having completed 2 holes of a much larger plan. Priority targets for extension of the Barry deposit to the northwest, to the east, and down plunge to the southeast, as well as the Barry regional exploration program will continue to be the Company’s focus.”

Analyses and QAQC

Gold analyses of Barry drill core were completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val D’Or.

Sabrina Bernard, P.Geo. is the Chief Geologist for the Barry project and supervises all drilling and exploration on the property. Jamie Lavigne, P.Geo, VP Exploration has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI 43-101.

Open the PDF to view the tables and a map for the Barry Deposit Project Plan Map – 2020 Drilling

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

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

819-825-8676 | Website: www.bonterraresources.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.

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 31, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to announce results from drilling recently completed at Moroy. The drilling continues to define and extend mineralization on the M1 and M4 structures and has interested mineralization, including 9.24 grams per tonne (“g/t”) Au over an intersection length of 2.0 metres (“m”), on a new structure referred to as Moroy 7 (“M7”).

The M1 structure (see Cross Section and M1 Zone Long Section) is the priority target for delineation and expansion of gold resources and will be the source of a bulk sample. Recent drilling on the M1 has been completed from underground and from surface. Infill and delineation drilling from Level 14 in the M1-2 zone is consistent with currently interpreted limits of mineralization. Recent grades in this area, including 7.19 g/t Au over an intersection length of
2.82 m and 14.4 g/t Au over an intersection length of 0.91 m indicate the potential to realize a grade greater than the current average resource grade. Assays are pending from the lower M1-2 zone. Recent drilling down plunge of the M1-1 zone has intersected unmineralized intrusive rock in the projected position of the mineralization. However, intercepts of 3.43 g/t Au over an intersection length of 1.22 m and 3.37 g/t over an intersection length of 1.37 m indicate continuity
of structure and mineralization. Continued down plunge drilling of the M1 Zone remains a priority for the Company. A single, longer-range, exploration hole intersected a wide shear zone on the M1 plane, approximately 175 m down plunge of M1-1 and included an intersection of 0.72 g/t Au over an intersection length of 6.89 m (see the M1 Zone Long Section).

The M4 Zone was recently discovered by the Company (see news release dated September 15, 2019). Recent drilling has expanded mineralization to the east with intercepts of 12.29 g/t Au over an intersection length of 1.79 m and 7.17 g/t Au over an intersection length of 1.89 m (see M4 Zone Plan). The M4 zone dips gently (25o – 35o) to the west-northwest with mineralization now occurring over length of approximately 225 m along a westerly trend direction. The M4 zone remains open and is a priority near term target for the Company.

The Company previously released an intercept of 14.88 g/t Au over an intersection length of 4.71 m in hole MY19-155 (see news release date June 12, 2019). Follow-up drilling in the area of the MY19-155 intercept has resulted in the delineation of a near vertical structure striking to the southsoutheast. It is located south of the M1 structure (see Cross Section). Several of the recent intercepts contain anomalous Au and highlights include 9.24 g/t Au over an intersection length of 2.04 m and 4.55 g/t Au over an intersection length of 1.96 m (see M7 Zone Long Section). This newly recognized mineralized structure is referred to as M7.

Greg Gibson, President and CEO of the Company commented: “With the discovery of the M4 Zone during the fall of 2019 and now the M7 Zone, our exploration program continues to illustrate the potential at Moroy. Given the proximity of these zones to M1, continued drilling success and resource delineation has the potential to have a very positive, near term impact on developing reserves and mine planning at Moroy.”

Analyses and QAQC

Gold analyses of Moroy drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d’Or.

Francis Lefebvre, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Moroy project. Mr. Lefebvre is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.

Open the PDF to view the tables.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

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

819-825-8676 | Website: www.bonterraresources.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 17, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”)

Given the seriousness of the Coronavirus Pandemic, Bonterra is immediately suspending all drilling at the Gladiator, Barry, and Moroy Projects and preparations for the bulk sample at Moroy.

Effective immediately, all three camps and the Val-d’Or office will be limited to security and care and maintenance staff. The Company’s exploration team has been asked to work from home and is strongly encouraged to follow all Federal and Provincial directives for safety to avoid the spread of the Coronavirus. This suspension will be effective for a minimum of 3 weeks. At this point in time, the Company is not aware of any Coronavirus cases involving our employees or their families.

The seriousness of the global pandemic is evolving daily. The Company will continue to monitor the situation in the Community and will only lift this suspension and resume regular exploration activities when there are clear indications that our employees are able to return to work in a safe environment.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

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

819-825-8676 | Website: www.bonterraresources.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 – February 27, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to announce that the recently completed drilling has extended the M1 Zone in the Moroy deposit. 

 Assays have been received for drill holes recently completed on the M1 Zone in the Moroy deposit. The focus of the drilling has been the extension of the M1 Zone mineralization up-plunge using a drill from surface and down-plunge utilizing an underground rig. Highlights include an intersection of 15.27 grams per tonne (“g/t”) Au over 3.39 metres (“m”) in an up-plunge position and 8.14 g/t Au over an intersection length of 3.61 m extending mineralization down plunge. The new drill intercepts indicate a significant extension of the M1 Zone and, combined with re-interpretation of the existing drilling, supports a zone of demonstrated continuity beyond the limits used for the current resource estimate. Significant intercepts from the recently completed holes within the M1 Zone are contained in the table below. These holes, as well as those drilled on the M1 structure but outside of the plunging zone of mineralisation, are plotted on the long section attached. 

The Company is currently completing a bulk sample on the 11th Level in the M1 Zone. The location of the bulk sample is indicated in the long section attached. In addition, the Company is completing selected in fill drilling to support future resource to reserve conversion and mine planning. 

Greg Gibson, CEO of Bonterra stated: “We are continuing to advance Moroy towards inclusion in a mine plan and we continue to execute our strategy of advancing resources in other targets at Moroy and our other assets, Barry and Gladiator, to support a long term mine life.” 

 Analyses and QAQC 

Gold analyses of Moroy drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d’Or. 

Qualified Person 

Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101. 

Open the PDF to view a table and a map.

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

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

819-825-8676 | Website: www.bonterraresources.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 – February 24, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to provide a corporate update on its winter drilling and exploration activities at the Gladiator, Barry, and Moroy projects and on the bulk sample being completed underground at the Moroy project.

The winter drill program is now underway with drills mobilized on ice setups at the Gladiator and Barry projects during the last week. The timing of the drill start-up on the ice is approximately 3 weeks later than anticipated and scheduled due to a mild winter with heavy and persistent snowfall.

The company now has drills working at all three projects as follows:

Gladiator:

At the Gladiator project there are currently a total of 4 drills running:

• Two drills on the ice focussed on infill drilling the Gladiator deposit with the objective of upgrading inferred resource (see the attached map for the locations of target areas on the Gladiator and Barry properties).
• One drill is on the Duke target area. Drilling at Duke includes testing earlier stage targets and evaluating historical drilling and resource potential in the Lac Rouleau area. The Company will be adding a second drill to the Duke target area in the near future.
• One drill is currently drilling targets in the St. Cyr target area. The St. Cyr target area is located east of the Gladiator deposit and encompasses an interpreted structural and gold bearing trend that include the Gladiator deposit.

All drill rigs at the Gladiator project are fully staffed and running at 100% capacity.

Barry:

There are currently 2 drills operating at the Barry project:

• One drill is located on the ice and is testing for an eastward extension to the Barry deposit.
• One drill is working in the deposit area and is focussed on a combination of in-fill drilling to increase resource confidence and also local expansion and definition of the deposit.
• The Company anticipates adding a third drill to the Barry project aimed at testing Barry deposit expansion targets and exploration targets proximal to the Barry deposit.

All drill rigs at the Barry project are fully staffed and running at 100% capacity.

Moroy:

The Company currently has three drills working on the Moroy deposit:

• Two drill are currently underground: one on each of level 11 and 14. The drills are focussed on the down plunge expansion of known mineralization.
• One drill is on surface and is focussed on defining the up-plunge potential of mineralization of the Moroy M1 zone.

The underground rigs are running short staffed and at approximately 70% capacity, while the surface drill is similarly running at approximately 50% capacity due to current staffing issues. Pending drill and personnel availability, the Company is considering adding a third drill underground at Moroy.

Moroy Bulk Sample:

The company has initiated work on the Moroy bulk sample planned for completion on Level 11, zones 11-M1-01 and 11-M1-01 SN. Longhole drilling has been completed in the first sub drift with production hole sludge samples returning better than expected grades.

Outlook:

The company remains focused on our earlier announced objectives for our winter drill program which include deposit in-fill drilling, resource expansion drilling and exploration along deposit trends. Given the late start to the season, it may be difficult to complete our winter drill program as planned. The Company will focus on our core projects and any short fall in meters drilled will be in the area of our regional, earlier stage targets. Weather permitting, we intend to advance on the following projects:

• Forage intercalaire au projet Gladiator.
• St. Cyr and area exploration (Gladiator trend)
• Duke Option property earlier stage exploration and evaluation of the Lac Rouleau target
• Forage intercalaire Barry
• Développement gisement Barry
• Barry regional exploration (Barry-Bart-Moss trend) and evaluation of resource potential at the Bart and Moss targets
• Moroy deposit resource expansion

The Company continues to develop and update all geological models at the Gladiator, Barry, and Moroy deposits. The extent and timing of future model updates will be dependent on the winter drilling accomplished. Assays have begun to be received.

The Company continues our work on permitting and engineering for expansion of the Bachelor-Moroy mill and tailings facility. Gladiator underground exploration permitting is on schedule for Q2 completion.

Greg Gibson, CEO of Bonterra stated: “It is good to see drills turning on our core projects. The patience that our shareholders have demonstrated is greatly appreciated and your frustrations are shared. I expect to see drill results shortly and we are encouraged by the initial sample results from our Moroy bulk sample.”

FOR ADDITIONAL INFORMATION:

Investor relations: Allan Folk

ir@btrgold.com

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

819-825-8676 | Website: www.bonterraresources.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.