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Bonterra Resources Provides Corporate Update

Press Release

Val-d’Or, QC – July 19, 2023 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) provides the following update on the forest fires situation in the Eeyou Istchee James Bay territory, where the Company’s projects and processing infrastructure are located. The Ministère des Ressources Naturelles et des Forêts (“MRNF”) has authorized access to the forests and roads, consequently, exploration activities can restart. The Company will resume its activities gradually while following all guidelines in force.

Also, following the Annual General Meeting of the Company, the Board of directors (the “Board”) has appointed Mr. Normand Champigny as lead independent director of the Board.

Marc André Pelletier, President and CEO commented: “We would like to thank the firefighters who are fighting the forest fires that forced the stoppage of our operations since early June. Fortunately, the Barry and Gladiator camps and the Bachelor Mill Complex were not damaged by the fires. Exploration work will resume soon as will as the cleaning and recovery of gold at the Bachelor Mill, which is expected to produce a first shipment to the refinery towards the end of the month. On behalf of the Board, I would like to thank Normand for having accepted the role of lead independent director.”

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

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