Bonterra Intersects 34.7 g/t Au over 2.4 m at the Barry Underground Project and Provides an Update on the Duke Property Joint Venture Drill Program

2023-03-27 / @newsfile

 

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

Highlights include:

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

Duke Joint Venture Drill Program Update

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

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

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

Diamond Drilling Results Highlights:

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

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

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

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

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

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

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

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

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

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Barry Deposit Geology

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

Diamond Drill Hole Results Table:

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

ProgramHole ID
From
(m)
To
(m)
Length
(m)
 Grade
(g/t Au)
Metal Factor
(length x Grade)
Zones
Underground InfillMB-22-543
90.098.58.50.86.7H6
Underground InfillMB-22-550
159.0164.05.01.99.7H26
Underground InfillMB-22-550Including161.0162.61.65.38.4H26
Underground InfillMB-22-550
253.0258.55.51.47.5H8
Underground InfillMB-22-550
261.6268.87.21.06.9H8
Underground InfillMB-22-550
272.5274.72.25.712.6H8
Underground InfillMB-22-550
441.4449.07.61.29.2H12
Underground InfillMB-22-550Including444.2445.51.35.57.2H12
Underground InfillMB-20-253ext
549.4555.05.62.514.3H12
Underground InfillMB-20-253extIncluding 551.2554.53.34.213.8H12
HydrogeologyHG-22-003
5.38.33.03.711.0D7
HydrogeologyHG-22-003Including7.68.30.79.56.6D7
HydrogeologyHG-22-005
20.032.312.32.227.4AB28
HydrogeologyHG-22-005Including26.028.02.06.513.1AB28
Underground InfillMB-22-551
51.357.86.51.17.0New
Underground InfillMB-22-551Including56.056.50.510.95.5New
Underground InfillMB-22-551
109.1122.413.31.620.8D9
Underground InfillMB-22-551Including109.1109.70.68.45.0D9
Underground InfillMB-22-551
131.9163.731.81.546.9D4
Underground InfillMB-22-551Including140.9141.40.513.36.7D4
Underground InfillMB-22-551and Including149.0149.60.625.015.0D4
Underground InfillMB-22-552A
157.9163.85.91.810.7H26
Underground InfillMB-22-552AIncluding160.9162.81.94.68.7H26
Underground InfillMB-22-552A
190.1193.93.86.725.3H6
Underground InfillMB-22-552A
197.3198.00.78.96.3H6
Underground InfillMB-22-552A
270.5273.63.12.78.3H8
Underground InfillMB-22-553
139.2142.02.82.15.8New
Underground InfillMB-22-553
164.6168.94.31.87.8H17
Underground InfillMB-22-553
172.9183.410.54.041.7H6/D4
Underground InfillMB-22-553Including176.5177.00.513.76.9H6/D4
Underground InfillMB-22-553and Including180.4181.61.28.610.3H6/D4
Underground InfillMB-22-553
183.4207.824.40.37.6Intrusiv D2
Underground InfillMB-22-554
106.0113.77.74.635.4H6
Underground InfillMB-22-554Including107.1109.62.59.223.0H6
Underground InfillMB-22-554and Including113.0113.70.711.58.1H6
Underground InfillMB-22-555
230.6232.51.94.07.7D4
Underground InfillMB-22-555
270.2279.99.71.312.8H8
Underground InfillMB-22-555Including277.5279.92.43.58.5H8
Underground InfillMB-22-555
390.2393.23.03.711.1H3
Underground InfillMB-22-555Including390.7392.51.86.111.0H3
Underground InfillMB-22-556
314.7323.08.30.97.5D4
Underground InfillMB-22-556
505.0511.06.08.248.9H12
Underground InfillMB-22-556Including505.0507.72.717.647.5H12
Underground InfillMB-22-557
37.039.52.54.711.8802
Underground InfillMB-22-557
112.8118.55.71.16.1D5
Underground InfillMB-22-557
276.6283.87.24.229.9H1
Underground InfillMB-22-557Including280.6283.83.29.229.4H1
Underground InfillMB-22-558B
64.068.34.33.113.3801
Underground InfillMB-22-558BIncluding64.065.11.18.18.9801
Underground InfillMB-22-558B
82.4104.321.92.759.1800
Underground InfillMB-22-558BIncluding97.0101.54.59.341.9800
Underground InfillMB-22-558B
122.0124.02.02.75.4AB01
Underground InfillMB-22-558B
335.5338.02.54.611.5H3
Underground InfillMB-22-558BIncluding336.5337.00.516.38.2H3
Underground InfillMB-22-559A
232.8233.81.05.25.2H6
Underground InfillMB-22-559A
248.7252.33.62.48.6D4
Underground InfillMB-22-559A
286.0302.916.91.118.0Intrusiv D2
Underground InfillMB-22-559AIncluding300.0302.42.45.312.6Intrusiv D2
Underground InfillMB-22-559A
306.0318.612.60.45.0Intrusiv D2
Underground InfillMB-22-560A
39.039.50.517.28.6New H
Underground InfillMB-22-560A
131.6134.02.434.783.3800
Underground InfillMB-22-560AIncluding132.1133.21.172.079.2800
Underground InfillMB-22-560A
289.5298.89.31.917.7H1
Underground InfillMB-22-560AIncluding293.0295.72.73.28.6H1
Underground InfillMB-22-561
101.3109.07.71.29.2H6
Underground InfillMB-22-561
181.7188.06.30.85.0H8
Underground InfillMB-22-562
78.478.90.541.020.5802
Underground InfillMB-22-562
120.4144.023.61.535.4AB14
Underground InfillMB-22-562Including120.4122.92.59.523.8AB14
Underground InfillMB-22-563
77.880.32.57.418.5805
Underground InfillMB-22-563Including77.878.30.533.616.8805
Underground InfillMB-22-563
101.7103.72.04.79.4800
Underground InfillMB-22-563
111.0125.714.71.826.5AB14
Underground InfillMB-22-563Including113.7115.21.58.913.4AB14
Underground InfillMB-22-563and Including118.5121.63.12.88.7AB14
Underground InfillMB-22-563
133.3137.84.51.77.7AB01
Underground InfillMB-22-564
126.6137.010.43.031.0H18
Underground InfillMB-22-564Including129.7130.81.113.414.8H18
Underground InfillMB-22-564and Including132.8134.51.74.88.2H18
Underground InfillMB-22-565A
137.0141.04.06.425.6H18
Underground InfillMB-22-565AIncluding139.2140.41.213.215.8H18
Underground InfillMB-22-566
81.388.06.71.06.7AB11
Underground InfillMB-22-566
98.699.50.912.110.9New
Underground InfillMB-22-566
106.5124.417.90.35.4Intrusiv D2
Underground InfillMB-22-566
212.0218.26.21.911.8H28
Underground InfillMB-22-566
237.9245.87.90.86.3New
Underground InfillMB-22-567
106.2108.01.83.86.8H18
Underground InfillMB-22-568
205.4206.00.619.411.6H17
Underground InfillMB-22-568
265.0273.08.01.08.0D2 Intrusiv
Underground InfillMB-22-569
43.052.09.01.715.3800
Underground InfillMB-22-569Including43.043.90.96.65.9800
Underground InfillMB-22-569
104.9108.63.76.022.2D2
Underground InfillMB-22-569Including106.9107.91.017.017.0D2
Underground InfillMB-22-569
251.7253.72.03.46.8H1
Underground InfillMB-22-569Including252.7253.71.05.55.5H1
Underground InfillMB-22-569
303.1304.91.88.916.0H3
Underground InfillMB-22-569Including303.1304.00.913.211.9H3
Underground InfillMB-22-570
161.0166.75.73.419.4AB19
Underground InfillMB-22-570Including163.8166.72.95.616.2AB19
Underground InfillMB-22-570
208.8212.33.52.910.2800
Underground InfillMB-22-570
353.7357.23.51.86.3H1
Underground InfillMB-22-570Including355.7357.21.54.16.2H1
Underground InfillMB-22-570
420.1427.67.50.86.0H3
Underground InfillMB-22-571
210.3216.46.11.59.2H6
Underground InfillMB-22-571Including214.6215.40.88.56.8H6
Underground InfillMB-22-571
243.6246.02.42.86.7D4
Underground InfillMB-22-571Including243.6244.20.69.05.4D4
Underground InfillMB-22-572
107.7119.211.51.314.8H6
Underground InfillMB-22-572
196.0199.13.14.112.8H8
Underground InfillMB-22-573
14.431.216.81.626.9D4
Underground InfillMB-22-573Including16.318.62.38.018.4D4
Underground InfillMB-22-573
37.074.537.50.311.3D2 Intrusiv
Underground InfillMB-22-573
147.0163.216.23.556.7D2 Intrusiv
Underground InfillMB-22-573Including154.6155.61.053.853.8D2 Intrusiv
Underground InfillMB-22-573
275.4277.01.68.914.2H1
Underground InfillMB-22-573Including275.4276.00.622.913.7H1
Underground InfillMB-22-574
61.170.19.00.65.7H6
Underground InfillMB-22-574
133.9137.33.41.86.0H8
Underground InfillMB-22-575
132.3140.68.30.97.5New_H
Underground InfillMB-22-575Including134.0140.66.61.06.6New_H
Underground InfillMB-22-575
207.0213.36.35.635.3H6
Underground InfillMB-22-575Including208.0210.02.010.721.4H6
Underground InfillMB-22-575
219.9231.111.23.640.3H18
Underground InfillMB-22-575Including219.9228.08.14.738.1H18
Underground InfillMB-22-575Including226.5228.01.511.617.4H18
Underground InfillMB-22-575
298.0310.212.20.89.8D2 Intrusiv
Underground InfillMB-22-575Including301.6303.41.83.05.4D2 Intrusiv
Underground InfillMB-22-576
22.028.66.65.033.0D4
Underground InfillMB-22-576Including25.628.63.09.929.7D4
Underground InfillMB-22-576
40.5134.694.10.218.8D2 Intrusiv
Underground InfillMB-22-576
159.0179.520.50.48.2D2
Underground InfillMB-22-576
193.4194.10.712.38.6New_H
Underground InfillMB-22-577
2.477.074.60.214.9Intrusiv D2
Underground InfillMB-22-577
144.5147.53.05.917.7D2
Underground InfillMB-22-577Including144.5146.01.510.415.6D2
Underground InfillMB-22-577
198.5204.25.70.95.1H28
Underground InfillMB-22-578
178.0186.08.00.75.3H17
Underground InfillMB-22-578
193.0202.29.29.082.8H6
Underground InfillMB-22-578Including194.0196.02.021.743.4H6
Underground InfillMB-22-578
216.0217.51.510.716.0H18
Underground InfillMB-22-578
257.5270.513.00.810.7H8
Underground InfillMB-22-579
121.0127.06.00.95.5D6
Underground InfillMB-22-580
227.7231.53.84.015.3H6
Underground InfillMB-22-580Including231.0231.50.512.46.2H6
Underground InfillMB-22-580
287.2292.85.63.117.4D4
Underground InfillMB-22-580Including287.2289.01.85.910.6D4
Underground InfillMB-22-581
2.655.052.40.418.5Intrusiv D2
Underground InfillMB-22-581
216.6221.24.62.09.3H1
Underground InfillMB-22-581Including218.2219.00.86.85.4H1
Underground InfillMB-22-582
103.0104.01.06.26.2Intrusiv D2
Underground InfillMB-22-582
123.1125.12.02.75.3Intrusiv D2
Underground InfillMB-23-585
130.0134.04.01.87.0AB
Underground InfillMB-23-585
146.7149.52.816.345.6800
Underground InfillMB-23-585Including146.7148.41.726.645.3800
Underground InfillMB-23-586
142.0149.57.53.828.8AB16
Underground InfillMB-23-586Including142.0143.01.025.525.5AB16
Underground InfillMB-23-586
204.0216.012.01.011.6AB23
Underground InfillMB-23-586
236.5244.88.31.613.4800
Underground InfillMB-23-586Including241.0244.23.23.19.8800
Underground InfillMB-23-587
138.0145.27.25.539.4800
Underground InfillMB-23-587Including138.0138.90.930.727.6800
Underground InfillMB-23-588
179.9189.59.62.018.7800
Underground InfillMB-23-588Including182.8185.12.34.29.7800
Underground InfillMB-23-589
154.0160.26.22.012.7AB18
Underground InfillMB-23-589Including157.0160.23.23.611.7AB18
Underground InfillMB-23-589
210.3213.63.311.638.3800
Underground InfillMB-23-589Including211.3213.11.819.835.6800
Underground InfillMB-23-590
154.2158.34.19.739.7800
Underground InfillMB-23-590Including155.3156.41.129.031.9800
Underground InfillMB-23-591A
194.0201.07.01.812.8AB18
Underground InfillMB-23-591AIncluding195.0196.01.08.58.5AB18
Underground InfillMB-23-591A
203.5224.521.00.611.7Intrusiv D1
Underground InfillMB-23-591A
278.7282.53.83.412.8800
Underground InfillMB-23-594
206.3209.53.217.756.6800
Underground InfillMB-23-594Including206.9208.71.830.154.2800
Underground InfillMB-17-33ext
56.980.623.70.25.6Intrusiv D2
Underground InfillMB-17-33ext
104.4119.715.30.58.2Intrusiv D2
Underground InfillMB-17-33extIncluding104.4105.00.610.96.5Intrusiv D2
Underground InfillMB-17-33ext
159.4166.67.21.812.9D6
Underground InfillMB-17-33extIncluding165.0166.61.65.08.1D6
Underground InfillMB-17-33ext
207.8218.510.71.010.2H8
Underground InfillMB-22-533
113.0114.21.24.35.2New H
Underground InfillMB-22-535
96.5120.023.51.227.5D4
Underground InfillMB-22-535Including106.1110.54.42.912.5D4
Underground InfillMB-22-535Including106.1106.70.69.75.8D4
Underground InfillMB-22-535
131.0150.019.00.611.2New H
Underground InfillMB-22-535
154.5197.543.00.16.0New H
Underground InfillMB-22-535
202.3219.016.70.712.1D2
Underground InfillMB-22-535Including217.0217.80.810.88.6D2
Underground InfillMB-22-536
59.866.06.21.17.1AB18
Underground InfillMB-22-536
86.093.57.51.07.7800
Underground InfillMB-22-536
98.9108.09.11.513.3AB09
Underground InfillMB-22-536Including98.9102.13.22.78.8AB09
Underground InfillMB-22-536
128.0137.79.70.99.1AB03
Underground InfillMB-22-536Including131.3132.71.45.88.1AB03
Underground InfillMB-22-540
118.1129.211.10.89.1H6
Underground InfillMB-22-540
195.3197.52.22.65.6H8
Underground InfillMB-22-540
242.8251.89.01.413.0H1
Underground InfillMB-22-540Including246.4247.61.26.27.5H1
Underground InfillMB-22-541
198.7203.14.421.996.2H8
Underground InfillMB-22-541Including199.3199.80.5158.579.3H8
Underground InfillMB-22-542
105.7107.82.12.85.9AB17
Underground InfillMB-22-542Including106.7107.81.15.15.6AB17
Underground InfillMB-22-542
120.8125.04.22.611.0800
Underground InfillMB-22-542Including123.7124.20.514.57.3800
Underground InfillMB-22-542
133.9136.93.01.75.2D5
Underground InfillMB-22-542
142.4145.22.87.521.1AB01
Underground InfillMB-22-542Including143.5144.10.630.318.2AB01
Underground InfillMB-22-542
194.8195.30.551.625.8New H
Underground InfillMB-22-542
291.8294.12.35.312.2H1
Underground InfillMB-22-542Including291.8292.81.010.210.2H1
Underground InfillMB-22-544
94.194.70.615.99.5AB16
Underground InfillMB-22-544
281.6284.02.42.15.0H1
Underground InfillMB-22-545
83.891.88.01.08.3H6
Underground InfillMB-22-546
218.3221.53.21.96.1H8
Underground InfillMB-22-546
392.0395.83.81.76.5H12
Underground InfillMB-22-547A
76.078.22.25.211.4AB16
Underground InfillMB-22-547A
98.699.10.510.15.1New H
Underground InfillMB-22-547A
100.3104.03.713.048.2AB17
Underground InfillMB-22-547AIncluding102.5103.00.549.724.9AB17
Underground InfillMB-22-547A
104.7108.03.33.612.0AB19
Underground InfillMB-22-547A
137.0140.93.96.726.0800
Underground InfillMB-22-547AIncluding138.5139.20.727.219.0800
Underground InfillMB-22-547A
178.8180.01.26.88.1D2
Underground InfillMB-22-547A
389.0394.85.84.324.7H11
Underground InfillMB-22-547AIncluding391.5392.00.524.212.1H11
Underground InfillMB-22-548
325.7329.74.08.132.3H3
Underground InfillMB-22-548Including328.2328.90.744.531.1H3

 

Notes:
1) The meterage represents the actual length of the drilled lengths.
2) Estimated true widths for the Barry interpreted zones are as follows: D series, AB series, H series 70% to 90% of core length, 800 series 50% to 70% of core length.
3) The mineralized intervals listed are above 0.5 g/t Au and with metal factor (grades x thickness) above 5.
4) Gold grades are uncut.

Quality Control and Reporting Protocols

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

Qualified Person

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

About Bonterra Resources Inc.

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

FOR ADDITIONAL INFORMATION

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

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

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

Caution Regarding Forward-Looking Statements

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159916

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