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BTR.V ·

Bonterra Announces Changes to the Board of Directors

Management Changes

2872 Sullivan Rd Suite 2 

Val‐d’Or, Quebec

Office: (819) 825‐8678 

Bonterra Announces Changes to the Board of Directors

Val-d’Or, QC – August 20, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,

FSE: 9BR2) (the “Company” or “Bonterra”) announces that Christina Ouellette has resigned as

a Director of the Company, effective immediately. The Board of Directors thanks Mrs. Ouellette

for her dedicated service to Bonterra and wishes her well in her retirement.

In addition, Bonterra is pleased to announce the appointment of Jean Rainville as an independent

non-executive Director of the Com pany, effective immediately. Mr. Rainville has over 40 years

of experience in the mining indus try and financial markets. From 2008, his principal occupation

was President and CEO of Blackrock Metals Inc. In 2018, Mr. Rainville ceased to serve as CEO,

while retaining his position as President until late 2019, at w hich time he became a consultant.

Previously, Mr. Rainville worked as an engineer, a fund manager and a director of corporate

finance and has also served as a director or advisor for severa l public companies. He holds

bachelor’s degrees in Mining Engineering and Commerce, both from McGill University.

Cesar Gonzalez, Chairman of Bonterra commented: “The addition of Jean Rainville as an

independent non-executive Director is another positive milestone in the restructuring of Bonterra.

Jean’s extensive experience in the mining industry, especially in Quebec, will prove invaluable.

We have now completed the reconstitution of our Board of Directors and look forward to focusing

our attention on the exploration and development of the Company’s assets.”

In connection with Mr. Rainville’ s appointment to the Board of Directors, Bonterra granted him

incentive stock options to acquire a total of 300,000 common sh ares of the Company pursuant to

the Company’s stock option plan and subject to any regulatory approval. Each stock option, vests

immediately and is exercisable at a price of $1.54 per share fo r a period of five years from the

grant date.

FOR ADDITIONAL INFORMATION:

Pascal Hamelin, Interim CEO and VP, Operations

[email protected]

2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9

819-825-8676 | 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.