Bonterra Announces Closing of Non-Brokered Private Placement

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

NEWS RELEASE

TSXV:BTR FSE: 9BR

BONTERRA ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, BC – March 12, 2012: BonTerra Resources Inc. (TSX.V: BTR; FSE: 9BR) (the “Company”) is pleased to announce in furtherance to its news release dated February 16, 2012 wherein the Company announced that it arranged a non-brokered private placement of up to 6,666,666 units of the Company (the “Units”), it has today completed the closing of a non-brokered private placement of 7,710,330 Units at $0.15 per Unit for a total gross proceeds of $1,156,549. The private placement has been oversubscribed by 1,043,664 Units and $156,549. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.20 per common share for a period of two years from the closing date.

In connection with the private placement, the Company paid aggregate cash commissions of $49,800 and issued 150,666 finder’s warrants, with each finder’s warrant exercisable into one common share at a price of $0.20 per share for a period of two years.

All securities issued in connection with the closing of the offering are subject to a restricted period that expires July 13, 2012 in accordance with applicable securities laws.

ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

/s/ Navjit Dhaliwal Navjit Dhaliwal President, Director

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.