Bonterra Amends Agreement with Machai Capital

Bonterra Resources Inc. (TSXV: BTR) ("Bonterra" or the "Company") is pleased to announce that it has entered into an agreement with Westlake Capital ("Westlake") pursuant to which Westlake will provide marketing and investor relations services to the Company on a non-exclusive basis, including: (i) initiating contact with qualified investors, (ii) organizing virtual or in person meetings with potential investors and analysts (iii) forwarding news releases issued by the Company to Westlake's contact base, (iv) assisting with preparing a virtual marketing campaign by the Company, (v) assisting in obtaining coverage by newsletter writers and analysts, and (vi) assisting with market intelligence. In consideration for providing these services, Westlake will be paid a monthly cash fee of GBP 5,850 from the Company's working capital. Westlake has been engaged for an initial term of six months, which may be extended by mutual agreement, subject to earlier termination by either party on 30 days' written notice. The cost of the investor relations services provided by Westlake is not anticipated to exceed CAN$65,000 over the six-month term.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to provide an update at its 100% owned Desmaraisville project. The Company has now completed the compilation and interpretation of the results from the 2023 15,000 meters ("m") drill program and as well the analysis of the two geophysical surveys completed in November and December 2023. Several prospective geological, geophysical and drill targets have been identified and will be subject of field work in the coming weeks. The purpose of the field work is to prioritize drill targets in preparation for a 9,000 m diamond drill program scheduled later this year. Please refer to the press releases dated December 4, 2023, December 14, 2023, February 5, 2024, and February 27, 2024, for exploration updates on the Desmaraisville North and South projects and the surrounding area.

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Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (" Bonterra " or the " Company ") is pleased to announce that it has entered into an amending agreement with Eight Capital, as lead agent (the " Agent "), to upsize the previously announced private placement. In connection with the upsized offering, the Company will issue up to (i) 21,750,000 units of the Company (the " Units ") and (ii) 5,250,000 Quebec premium flow-through units of the Company (the " FT Units ") at a price of $0.25 per Unit (the " Unit Issue Price ") and $0.445 per FT Unit (the " FT Unit Issue Price ") for aggregate gross proceeds of up to $7,773,750 (the " Offering ").

NOT   FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (" Bonterra " or the " Company ") is pleased to announce that it has entered into an agreement with Eight Capital as lead agent (the " Agent ") in connection with a "best efforts" private placement of up to 16,000,000 units of the Company (the " Units ") at a price of $0.25 per Unit (the " Issue Price ") for aggregate gross proceeds of up to $4,000,000, pursuant to the listed issuer financing exemption available under National Instrument 45-106 Prospectus Exemptions (the " LIFE Offering ") or the "accredited investor" exemption under National Instrument 45-106 Prospectus Exemptions (the " Private Placement Offering " and together with the LIFE Offering, the " Offering "), in each of the Provinces of Canada other than Quebec. Each Unit will consist of one common share of the Company (a " Share ") and one common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.31 for a period of four years from the date of issuance.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce encouraging drill results and an update on the ongoing drilling program on the Phoenix JV (formerly known as the Urban-Barry Property) (the "Project"). The Project is under a definitive earn-in and joint venture agreement (the "Agreement") with Osisko Mining Inc. ("Osisko Mining"). Under the Agreement, Osisko Mining has the right to acquire up to a 70% interest in the Project by spending $30 million in work expenditures, with a minimum spending commitment of $10 million per year over a three-year period (see press release dated November 28, 2023 for more details).