Marc-Andre Pelletier Officially Takes over as President and CEO of Bonterra

Val-d’Or, Quebec–(Newsfile Corp. – January 17, 2022) – Bonterra Sources Inc. (TSXV: BTR) (OTCQX: BONXF)

Val-d’Or, Quebec–(Newsfile Corp. – January 17, 2022) – Bonterra Sources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (“Bonterra” or the “Firm“) is pleased to announce that Marc-Andre Pelletier has officially taken around as President and Chief Government Officer nowadays as formerly announced on November 11, 2021.

Marc-Andre Pelletier, President, CEO and Director of Bonterra, mentioned: “I am very fired up to just take around as President and CEO of Bonterra and direct the Organization as it transitions from superior exploration to progress and ultimately to a restart of output. I am ready to just take on the problems that lie ahead in collaboration with the crew at Bonterra and glimpse forward to communicating our progress in the in close proximity to potential.”

In addition, Bonterra is happy to announce that Anik Gendron has joined the Board as an unbiased non-govt Director of the Business, powerful immediately. Ms. Gendron is an attorney with huge encounter in corporate and industrial legislation, securities legal guidelines, compliance and ESG challenges. Regarded for her enterprise acumen, she has suggested lots of business owners at all stages of advancement and has served as general counsel and corporate secretary for quite a few publicly traded organizations, predominantly in the mining sector. Ms. Gendron holds a B.Sc (economics) and LLB from the College of Montreal and has obtained the Certification in Ethics and Compliance from HEC in February 2021. Ms. Gendron replaces Jean Rainville who has resigned as a Director of the Organization, helpful promptly. The Board of Administrators many thanks Mr. Rainville for his company to Bonterra and wishes him perfectly in his upcoming endeavors.

Cesar Gonzalez, Executive Chairman of Bonterra, commented: “The addition of Anik as an independent non-govt Director is an important phase in maximizing our board range and ability sets. Her substantial expertise in legal affairs and ESG will show priceless as Bonterra proceeds to mature as a public firm.”

Last of all, in connection with the new appointment and as a usual training course of enterprise, Bonterra announces the grant of incentive stock selections to receive a overall of 1,300,000 popular shares of the Business to many officers and administrators pursuant to the Company’s stock selection system and subject matter to any regulatory acceptance. Every single inventory possibility, vests straight away and is exercisable at a rate of $1.32 per share for a interval of 5 several years from the grant date.

About Bonterra Sources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of state-of-the-art exploration property anchored by a central milling facility in Quebec, Canada. The Company has four principal property, Gladiator, Barry, Moroy, and Bachelor that collectively have a whole of 1.24 million ounces in Measured and Indicated types, and 1.78 million ounces in Inferred group. Importantly, the Corporation owns the only permitted and operational gold mill in the location that is currently estimated at 85% by means of the allowing method to grow from 800 to 2,400 tonnes-per-day. Bonterra is centered on graduating from state-of-the-art exploration to a growth firm over the up coming 24 months to provide shareholder price.

FOR Supplemental Information

Marc-Andre Pelletier, President, CEO and Director
[email protected]

2872 Sullivan Highway, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8678 | Web page: www.btrgold.com

Neither TSX Venture Exchange nor its Regulation Expert services Provider (as that time period is defined in the guidelines of the TSX Venture Exchange) accepts obligation for the adequacy or accuracy of this launch.

Cautionary and Forward-Hunting Statements

This information launch has “ahead-looking details” in the which means of the applicable Canadian securities laws that is centered on anticipations, estimates, projections and interpretations as at the day of this news launch. Any assertion that implies predictions, anticipations, interpretations, opinions, designs, projections, objectives, assumptions, foreseeable future occasions or functionality (usually using words and phrases these types of as “expects” or “does not count on”, “is envisioned”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “price range”, “program”, “forecasts”, statements that particular actions, activities or results “may”, “could”, “ought to”, “would”, “might” or “will” be taken, occur or be accomplished) is not a assertion of historical actuality and might constitute ahead-looking details and is intended to detect forward-hunting data. This information release may perhaps contain forward-looking information relating to, between other points, the outlook for the Gladiator, Barry, and Moroy initiatives updated mineral means the deposit remaining open laterally and at depth and long term drilling. These aspects contain, but are not minimal to, threats related with the capability of exploration routines (together with drilling benefits) to correctly forecast mineralization the Firm’s potential to get required approvals the outcomes of exploration pursuits hazards linked with mining functions worldwide financial situations steel selling prices dilution environmental risks and neighborhood and non-governmental actions. Even though the ahead-on the lookout information and facts contained in this information launch is based on assumptions that administration thinks are realistic at the time of release, Bonterra are unable to assure shareholders and potential purchasers of the Firm’s securities that actual benefits will be reliable with the ahead-looking facts, as there may possibly be other variables that induce benefits not to be as anticipated, approximated or meant, and neither Bonterra nor any other man or woman assumes obligation for the accuracy or completeness of forward-on the lookout details. All statements produced, other than statements of historical fact, that handle the Firm’s intentions and the situations and developments that the Company anticipates, are viewed as forward-hunting statements. Although the Organization believes that the anticipations expressed in this kind of forward-searching statements are based mostly on reasonable assumptions, these types of statements are not ensures of upcoming effectiveness, and true outcomes or developments could differ from those people in the forward-looking statements.

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