Bonterra Provides Corporate Update

Bonterra Provides Corporate Update

VAL-D'OR, QC, May 1, 2019 /CNW/ - Bonterra Resources Inc.

(TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) ("Bonterra" or the

"Company") is pleased to provide this update of its activities on the

Company's advanced exploration projects located in the Urban-Barry

Camp near Val-d'Or, Québec.

Activities highlights

• Completed 15,947 metres of infill and exploration diamond

drilling during the quarter ended February 28, 2019

• Four drill rigs are currently active on the Gladiator, Barry and

Moroy projects

• Retained the services of SGS Geostat to complete a NI 43-101

resource estimate and technical report on three deposits

• Nearing completion on an environmental impact assessment for

the Urban-Barry mill expansion from 800 to 2,400 tonnes per day

• Engaged two engineering firms, one commissioned to design the

mill expansion, and one to increase the capacity of the tailings

storage facility to 10 million tonnes

Q3 Exploration Summary

During the quarter ended February 28, 2019, Bonterra completed an

aggregate of 15,947 metres of infill and exploration diamond drilling on

Gladiator, Barry and Moroy.

At Gladiator, 9,226 metres of diamond drilling were completed. The

drilling has extended the Gladiator Gold deposit along strike by 200 m

on the Rivage zone and by 250 m on the Barbeau zone. Rivage and

Barbeau remain open at depth and along strike. Diamond drilling has

also confirmed the northeasterly-trending ore chute on the Main and

North Zones that remain open at depth.

At Barry, 2,902 metres of diamond drilling were completed

underground from Level 100. This drilling was successful in confirming

the multiple gold zones utilizing 20- to 30-metre drill spacings, mainly

on Level 100. Most of the drill holes intersected gold mineralization

where it was anticipated validating the geological model at this level

prior to the upcoming resource estimate. All zones at Barry remain

open at depth and along strike.

At Moroy, 3,819 metres of underground definition diamond drilling

were completed, confirming the continuity of M1 and M2 zones with

shorter drill spacing. Higher grades and thicker mineralized drill-core

intersections are promising.

Q4 Exploration Forecast

The Company has retained the services of SGS Geostat of Blainville,

Québec, to complete a mineral estimate and a NI 43-101 compliant

technical report on the three projects. SGS has been provided with the

Company's drilling results up to March 31, 2019. SGS is actively

working on the review of previous work, validation of the drill hole

database and QA/QC data, and the creation of appropriate block

models for all three projects. The Company has been informed that

the target date for the completion of the resource estimate is around

the end of May 2019.

Bonterra is currently conducting a drilling program with a combined

total of 15,000 metres planned on the Gladiator, Barry and Moroy

deposits. This next phase aims to test geological targets outside of the

known mineralized zones.

One surface rig is currently active on the Titan Zone. The Company

recently observed visible gold from Titan drill core. Titan is interpreted

as the northeastern extension of the Gladiator Zone, where three new

sub-vertical gold-bearing zones have been identified and remain open

in all directions.

One surface rig is active at Barry targeting mineralization along strike

and at depth. Three holes have been completed to date, intercepting

zones with visible gold and semi-massive sulfide mineralization.

Two rigs are currently active on the Moroy Deposit, one at surface

testing the up-plunge potential from surface to a depth of 400 metres,

and the second testing, from an underground drilling platform, the

down-plunge extension below a depth of 600 metres. To date, several

typical hematized and mineralized drill intercepts have been observed.

Permitting and Engineering

The Company is finalizing the environmental impact assessment for

the Urban-Barry mill expansion to increase the throughput capacity

from 800 to 2,400 tonnes per day (tpd). The plan is to create a

regional Urban-Barry mill to process the ores from other potential

satellite deposits. The Barry and Moroy projects would likely be the

first two projects to fit this business model.

The Company is currently proceeding with the engineering design of

the 2,400 tpd expansion as the permitting process continues. Two

engineering firms are working on this project: one firm is focusing on

the tailings dam design to contain 10 million tonnes of material over 12

years and the other firm is designing the mill modification to process

2,400 tpd while maintaining gold recovery levels above 95%. This

latter firm is also designing a new gravity circuit to accept the feed

from the Barry project.

Care and maintenance of the underground facilities, and mine

design

The Company has placed its underground operations on care and

maintenance. The Company is currently designing the underground

workings with the preliminary resource model at Moroy. The mine

design will be adjusted once the resource model is finalized. The mine

design at Barry will start once the resource model has been

completed.

Management and Board Changes

Bonterra recently made changes to its board of directors with the

addition of Akiba Leisman, a consultant at Wexford Capital LP, and

Matthew Happyjack, President and CEO of Air Creebec. Mr. Leisman

brings a wealth of experience to the board in the sectors of capital

markets and mine finance. Mr. Happyjack has a strong background in

business management and operations, particularly in the Val-d'Or

region. In addition, the Company has retained the services of a well-

known consulting resource geologist to work with SGS Geostat on the

completion of the mineral resource estimate.

Qualified Person

Pascal Hamelin, P. Eng., VP Operations, is the Qualified Person

under NI 43-101, responsible for reviewing and approving the

technical information contained in this news release.

Neither the 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.

Cautionary and Forward-Looking Statements

This press release contains "forward-looking information" that is based

on Bonterra's current expectations. The words "will", "anticipated",

"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 achievements to be materially different from

those expressed or implied by such forward-looking information. Such

factors include but are not limited to uncertainties of the outcome of

legal proceedings. 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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%SEDAR: 00026953E

For further information: Interim Chief Executive Officer: Greg

Gibson, 819-825-8678 | [email protected]; 2872 Sullivan Road, Suite 2,

Val d'Or, Quebec J9P 0B9. 819-825-8678 | website: www.btrgold.com

CO: Bonterra Resources Inc.

CNW 09:09e 01-MAY-19