Bonterra Signs Definitive Agreement with Beaufield Resources Inc.
1680‐200 Burrard Street
Vancouver, BC V6C 3L6
Office: 604.678.5308
TF: 855.678.5308
www.bonterraresources.com
Bonterra Signs Definitive Agreement with Beaufield Resources Inc.
Vancouver, BC – July 9, 2018: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,
FSE: 9BR1) (the “ Company” or “ Bonterra”) is pleased to announce that further to its news
release of May 23, 2018, it has now completed and entered into an Option Agreement with
Beaufield Resources Inc. (TSX-V: BFD) (“ Beaufield”), whereby Beaufield has granted the
Company an option to acquire a 70% interest (the “Option”) in 81 strategic mineral claims totaling
3,590 hectares, located in the Ur ban Barry Greenstone belt, Que bec, and known as the Duke
property (the “Property”).
Under the terms of the Option Ag reement, Bonterra can earn a 70 % interest in the Property by
issuing 4,000,000 common shares to Beaufield upon acceptance of the transaction by the TSX
Venture Exchange, paying Beaufield a total of $750,000 in equal amounts over a three-year period,
and incurring a total of $4,500,000 in exploration expenditures on the Property over three years.
The Property is an assemblage of contiguous mineral claims loca ted immediately adjacent to the
northern boundaries of the Compan y’s Urban Barry properties con taining the Gladiator Deposit
and extensions. This includes a narrow inset of claims that in terrupt the western continuity of
claims in the Gladiator region known as “The Gap”. This land p ackage also contains numerous
gold showings with expansion potential including Lac Rouleau and Zone 18. The general geology
is considered to be similar to that of the Gladiator area, with numerous occurrences of structurally
controlled shear hosted vein mineralization on or near mafic volcanic contacts in proximity to both
felsic and mafic intrusive units.
“We look forward to working with the Beaufield team in fully exploring the Duke lands with greatly
enhanced benefits of shared experience and open claim boundaries, as well, the potential
Gladiator Deposit extensions can now be effic iently defined and expanded. Upon completion of
the recently announced acquisition of Metanor, Bonterra has not only cemented its hold on a
number of developing new deposits in the region, it will also own the only operating and
expandable mill in the Urban Barry camp.” commented Nav Dhaliwal, President and CEO of
Bonterra.
Upon completion of the Option, the parties will enter into a jo int venture agreement on standard
industry terms.
The transaction is subject to the acceptance of the TSX Venture Exchange, such acceptance to be
sought forthwith.
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Bonterra Resources Quick Facts:
Well financed with approximately $65 million raised in past 14 months.
Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
Gladiator Gold Deposit:
o Deposit extension and resource expansion underway with 60,000 m completed in 2017
and 70,000 m planned for 2018.
o Advancing to the completion of an updated NI 43-101 Mineral Res ource Estimate in
the second half of 2018.
o Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of
1,000 m below surface, and a strike length of 1,200 m.
o Gladiator remains open in all directions, where at least six di stinct sub-parallel zones
or mineralized horizons have been identified.
o Drilling is currently focused on the continued expansion of Gla diator Gold Deposit
and exploration targets within the 10,541-hectare Urban-Barry property.
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Larder Lake Gold Property:
o 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to
March 17, 2016 news release highlighting historical gold resource).
o Excellent access to three high grade gold deposits between Kirk land Lake and
Virginiatown.
Dale Ginn, P.Geo. has approved the technical information contained in this release. Mr. Ginn is a
Director and Vice President of E xploration of Bonterra and is a Qualified Person as defined by
National Instrument 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
Bonterra’s exploration and development plans and proposed acquisition of Metanor. 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
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 ra ise sufficient capital to fund explorati on and development; changes in economic
conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial,
regulatory, political and co mpetitive developments; technological or ope rational difficulties or inability to obtain
permits encountered in connection with exploration activities; and labour 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.