Bonterra Moves Corporate Headquarters and Appoints New CFO

Bonterra Resources (TSXV:BTR; US:BONXF, FWB:9BR1) (“Bonterra” or the “Company”) announces the transfer of its corporate headquarters to Val D’Or, in the Province of Quebec, and the appointment of James Fairbairn as Chief Financial Officer.

“Relocating Management functions to Val d’Or, in close proximity to Bonterra’s main projects in the Urban Barry Camp, makes sense. In addition to reducing administrative costs by combining Management with the Operations & Exploration office already in place, we will improve efficiency, be closer to our stakeholders and take part in the communities where we operate.” stated Greg Gibson, Chairman and interim CEO. “We are also pleased to strengthen management with the addition of Jim, a seasoned financial professional.”

Mr. James Fairbairn has over 30 years of experience in accounting, financial management, corporate finance and mergers & acquisitions. In addition to his executive management experience, he is well acquainted with key corporate governance issues having served on numerous boards of both public and private companies. Mr. Fairbairn graduated from the University of Western Ontario (BA) and is a Chartered Professional Accountant (CPA, CA 1987), in addition to having obtained the ICD.D designation from the Institute of Corporate Directors (ICD.D). Mr. Fairbain was previously Chief Financial Officer of Metanor Resources Inc., prior to its acquisition by Bonterra and is well acquainted with the operations of the Company.

“Jim will be stepping in to replace Joseph Meagher, following his resignation. The Board is very grateful for Mr. Meagher’s contribution and his pivotal role in overseeing the recent corporate transformations and who will continue on to ensure a smooth transition,” stated Mr. Gibson.

Neither the TSX nor the 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.

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Source: www.prnewswire.com