Mr. Nav Dhaliwal reports

BONTERRA RESOURCES STRENGTHENS BOARD WITH ADDITION OF BOULAY AS DIRECTOR

Bonterra Resources Inc. has appointed Richard Boulay, BSc (geology), to its board of directors.

Nav Dhaliwal, president and chief executive officer of the company, stated: "As we continue to advance the Gladiator gold project, adding experienced mining professionals to the Bonterra team is key to success in today's mining environment. Mr. Boulay strengthens our board in the key areas of senior-level executive management, operation and the financing of public companies."

Mr. Boulay is a geologist with over 40 years of experience in the exploration and mining industries in Canada and internationally, including 15 years of mining and infrastructure financing experience gained with Bank of Montreal, Royal Bank of Canada and Bank of Tokyo. During Mr. Boulay's project financing career he arranged the financing of numerous underground and open-pit mining projects, hydro and diversion dams, nuclear reactors, pipelines, and offshore oil exploration and production platforms. He has extensive experience in the management and financing of public companies in Canada and the United States. Mr. Boulay also brings extensive exploration experience that can be applied to Bonterra's current projects as a result of previously exploring for gold deposits in the greenstone belts of northwestern Quebec.

Further, the company has accepted the resignation of Robert Bryce as a director of the company. The company thanks Mr. Bryce and wishes him the best in his future endeavours.

Engagement of investor relations consultant

Bonterra has also engaged Bluesky Corporate Communications Ltd., the principal of which is Todd Hanas, as an investor relations consultant. Bluesky, located in Vancouver, B.C., brings over 20 years marketing, financial and corporate communications experience and will assist Bonterra by increasing exposure to the brokerage and retail investment community, while increasing share value and liquidity to the existing capital structure. The initial term of the agreement is for one year of services in consideration of the company paying Bluesky a monthly fee of $6,000.

Stock option grant

Pursuant to the additions to the Bonterra team, the company has granted 400,000 incentive stock options to Mr. Boulay and 400,000 incentive stock options to Bluesky for their services. All stock options are exercisable at a price of 22 cents per share for a period of five years ending Dec. 8, 2020, or until they cease to provide services to the company. The stock options have been granted under and are governed by the terms of the company's incentive stock option plan. In accordance with TSX Venture Exchange policies, the options granted to Bluesky will be subject to vesting provisions over a 12-month period.

The consulting agreement and the grant of options are subject to exchange approval.

We seek Safe Harbor.