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BTR.V ·

Bonterra Announces Stock Option Grant

Share Capital & Compensation

2872 Sullivan Rd Suite 2

Val‐d’Or, Quebec

Office: (819) 825‐8678

Bonterra Announces Stock Option Grant

Val-d’Or, QC – April 12, 2021 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,

FSE: 9BR2) (“Bonterra” or the “Company”) announces the grant of incentive stock options to

acquire a total of 2,360,000 common shares of the Company to va rious consultants, employees,

officers, and directors of the Company pursuant to the Company’ s stock option plan and subject

to any regulatory approval. Each stock option, vests immediate ly and is exercisable at a price of

$1.16 per share for a period of five years from the grant date.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large po rtfolio of advanced exploration

assets anchored by a central milling facility in Quebec, Canada . The Company has three main

assets, Gladiator, Barry, and Moroy, that collectively have a t otal of 698 thousand ounces in

measured & indicated categories, and 1.4 million ounces in infe rred category. Approximately

130,000 metres of drilling will be used to update this resource shortly. Importantly, the Company

owns the only permitted and operational gold mill in the region that is currently two-thirds the way

through the permitting process to expand from 800 to 2,400 tonn es-per-day. Bonterra is focused

on graduating from advanced exploration to a development company over the next 18-months to

deliver shareholder value.

FOR ADDITIONAL INFORMATION:

Pascal Hamelin, President and Chief Executive Officer

Email: [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.

Cautionary and Forward-Looking Statements

This news release includes certain forward-looking statements c oncerning the use of proceeds of the Offering, the

future performance of our business, its operations and its fina ncial performance and condition, as well as

management’s objectives, strategies, beliefs and intentions. Fo rward-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. Forward-looking statements are based on the current opinions and expectations of management.

All forward-looking information is inherently uncertain and sub ject to a variety of assumptions, risks and

uncertainties, 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.sedar.com. Actual events or results may differ materiall y from those projected in the forward-looking

statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these

forward-looking statements except as required by applicable law.