Bonterra announces the retirement of James Fairbairn

2872 Sullivan Rd Suite 2

Val-d’Or, Quebec

Office: (819) 825-8678

Bonterra announces the retirement of James Fairbairn

Val-d’Or, QC – October 29 , 2019: Bonterra Resources Inc. (TSX-V: BTR, OTCQX:

BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) announces the retirement of Mr. James

Fairbairn, the Company’s Chief Financial Officer, effective November 1 st, 2019. Mr. Johnny

Oliveira the Company’s current Financial Reporting Manager has been appointed interim Chief

Financial Officer.

Mr. Oliveira has 20 years of experience in the accounting profession including audit, accounting,

tax, financial management and reporting and corporate finance. Over the past 10 years Mr.

Oliveira has served as chief financial officer, corporate secretary or financial reporting manager of

several junior mining companies. Mr. Oliveira graduated from the University of Wilfred Laurier

with an Honours Bachelor of Business Administration.

Greg Gibson, CEO of Bonterra stated: “We would like to thank Jim for his dedicated service as

CFO and for his many valued contributions to Bo nterra. The company wishes Jim the best in his

retirement and future endeavours.”

Bonterra also announces it has entered into a settlement agreement (the “ Settlement”) in

connection with the two joint claims filed with the Supreme Court of British Columbia, by past

officers of Bonterra, seeking payments in the aggregate amount of $2.4 3 Million in connection

with the termination of their consulting agreements. The Settlement which included a total

payment of $1 Million by Bonterra, was made without any admission or finding of liability.

For further information on Bonterra, contact Allan Folk

Telephone: (819) 825-8678 | [email protected] | WebSite

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of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.