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BTR.V ·

Bonterra Announces Changes to Its Board of Directors

Management Changes

Bonterra Announces Changes to Its Board of

Directors

Val-d'Or, Quebec--(Newsfile Corp. - October 19, 2023) -

Bonterra Resources Inc. (TSXV: BTR)

(OTCQX: BONXF) (FSE: 9BR2)

("

Bonterra

" or the "

Company

") announces corporate changes to its

Board of Directors (the "

Board

"). Effective immediately, Mr. Akiba Leisman has resigned as director of

the Company. The Company would like to express its sincere gratitude to Mr. Leisman for his

contributions and dedicated service during his tenure.

In addition, Bonterra is pleased to announce the appointment of Paul M. Jacobi as a Director of the

Company, effective immediately. Mr. Jacobi joined Wexford Capital LP in 1996 and became a Partner

in 2012. From 1995-96, Mr. Jacobi worked for Moody's Investors Services as an analyst covering the

investment banking and asset management industries. From 1993-95, Mr. Jacobi was employed by

Kidder Peabody & Co. as a senior financial analyst in the investment banking group. From 1988-93, Mr.

Jacobi worked for KPMG Peat Marwick as an audit manager in the financial services practice. Mr.

Jacobi holds a BS in accounting from Villanova University and is a Certified Public Accountant.

Marc-André Pelletier President and CEO of Bonterra commented: "On behalf of the Board I would like to

thank Akiba for his contribution to Bonterra and wish him the best. Bonterra is pleased to welcome Paul

as a new director and look forward to benefiting from his extensive financial experience."

FOR ADDITIONAL INFORMATION

Marc-André Pelletier, President & CEO

[email protected]

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 speculative nature of

mineral exploration and development, fluctuating commodity prices, competitive risks and the

availability of financing, 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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/184461