Extension on Warrant Expiry

Suite 4006 – 1011 West Cordova Street Vancouver, B.C. V6C 0B2 Telephone: (604) 678-5308 Fax: (604) 678-5309

TSX.V- BTR FSE- 9BR

EXTENSION ON WARRANT EXPIRY

Vancouver, BC – November 15, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) has received TSX Venture Exchange approval to extend by one year the term of outstanding share purchase warrants (the “Warrants”) exercisable at a price of $0.28 per common share for 3,242,858 common shares of the Company, which were issued pursuant to a private placement which closed on November 16, 2010. All of the Warrants whose expiry dates are being extended were originally exercisable for two years from the date of issuance. Pursuant to the extension, the Warrants will now be exercisable until November 16, 2013. All other terms of the Warrants will remain unchanged.

ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

"Casey Forwardl”

Casey Forward Chief Financial Officer (604) 678-5308

For further information contact:

Navjit Dhaliwal [email protected] www.bonterraresources.com Tel: (604) 678-5308

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.

AC/1886454.1