Mr. Greg Gibson reports

MANAGEMENT CHANGES AT BONTERRA

Bonterra Resources Inc. president, chief executive officer and director Nav Dhaliwal, and vice-president of exploration and director Dale Ginn have resigned, effective immediately.

"We thank them both for the hard work, leadership and dedication they have shown in building this company and taking it from a start-up junior explorer to what it is today," stated Greg Gibson, chairman, "and the board fully supports their decision and desire to see Bonterra transition to the next phase of its growth. Nav and Dale have recognized that the evolution of the company to a developer and producer will require a management and board team with the required skill set and core expertise."

Mr. Dhaliwal and Mr. Ginn will continue to focus on other start-ups and junior exploration companies, and will continue as consultants to Bonterra. The board wishes them well in their future endeavours.

The company has started the search for their successors, and Mr. Gibson, who currently serves as chairman, will act as interim CEO.