BTR.V · 2018-10-01 12:00:00

Bonterra Intersects 37.5 g/t Au over 3.3 m at Gladiator Deposit

Drill Results

1680‐200 Burrard Street

Vancouver, BC V6C 3L6

Office: 604.678.5308

TF: 855.678.5308

www.bonterraresources.com

Bonterra Intersects 37.5 g/t Au over 3.3 m at Gladiator Deposit

Vancouver, BC – October 1, 2018: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,

FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest drilling results

from the ongoing resource developm ent program at the Gladiator Deposit, including and

intersections of 37.5 g/t Au over 3.3 m at the South Zone. Step out d rilling continues to reveal

new areas of high-grade mineraliz ation and expand known extents of mineralization. Recent

definition drilling results demonstrate the continuity of mineralization in multiple zones.

Highlights and Observations:

 BA-18-63 intersected the South Zone with 37.5 g/t Au over 3.3 m , proving continuity of

the high-grade trend within the zone.

 BA-18-63 also intersected multiple structures at the Main Zone with 9.1 g/t Au over 1.0

m and 8.9 g/t Au over 1.0 m.

 BA-18-64 intersected the Footwall, Main and South Zones demonstrating the continuity of

gold bearing quartz veins across multiple zones.

 BA-18-65 intersected the North Zone with 11.9 g/t Au over 2.0 m and extended the Main

Zone down plunge with 11.3 g/t Au over 1.6 m.

 BA-18-65 also expanded the South Zone, ex tending the zone towards surfa ce at 700 m

depth with 9.8 g/t Au over 2.0 m.

 BA-18-67A further defines Main Zone with 8.5 g/t Au over 2.0 m, proving the continuity

of the zone at 400 m below surface.

 BA-18-69 extended the Main Zone in the Rivage area with 9.0 g/t Au over 2.0 m . This

intersection expands the zone down plunge and opens up the Riva ge area for further

extension at depth.

The ongoing resource development program continues to expand an d define the Gladiator Gold

Deposit ahead of the updated mineral resource estimate schedule d for Q4 2018. Drilling to be

included in the upcoming mineral resource estimate has now been completed. Drilling continues

with three drills at the deposit focused on extension drilling along strike to the northeast and

southwest.

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Hole From

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-18-63 484.3 485.3 1.0 9.1 Main

BA-18-63 502.0 503.0 1.0 8.9 Main

BA-18-63 564.7 568.0 3.3 37.5 South

BA-18-64 602.0 604.0 2.0 5.9 Main

BA-18-64 608.0 609.0 1.0 7.6 Main

BA-18-65 460.0 462.0 2.0 11.9 North

BA-18-65 663.9 665.5 1.6 13.3 Main

BA-18-65 847.0 849.0 2.0 9.8 South

BA-18-67A 444.0 446.0 2.0 8.5 Main

BA-18-69 494.0 496.0 2.0 9.0 Main

*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled

widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated

maps including long sections and cross sections.

Bonterra Resources Quick Facts:

 Control of three advanced high- grade gold deposits (Gladiator, Moroy, Barry) and

significant regional targets

 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region

 Strong shareholder base including: Eric Sprott and Kirkland Lake Gold

 New NI 43-101 Mineral Resource Estimate anticipated in 2018 for the Gladiator and Barry

Deposits

Robert Gagnon, P.Geo., has approved the information contained i n this release. Mr. Gagnon is a

director of Bonterra and is a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEO

Bonterra Resources Inc.

For further information on Bonterra, contact Investor Relations

Telephone: 1 844 233 2034

Email: [email protected]

Website: www.bonterraresources.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.

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

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Bonterra’s exploration and development plans. The words "will", "anticipat ed", "plans" or other similar words and

phrases are intended to identify forward-looking information. 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; increases in input

costs; litigation, legislative, environmental and other judicial, regulat ory, political and comp etitive developments;

technological or operational difficulties or inability to obtain permits encountered in connection with exploration

activities; and labor 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. Bonterra disclaims any intention or obligation to update or revise forward-looking

information, whether as a result of new information, future events or otherwise.

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