Mr. Greg Gibson reports

BONTERRA MOVES CORPORATE HEADQUARTERS AND APPOINTS NEW CFO

Bonterra Resources Inc. has transferred its corporate headquarters to Val d'Or, in the province of Quebec, and has appointed 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 and 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 chief executive officer. "We are also pleased to strengthen management with the addition of Jim, a seasoned financial professional."

Mr. Fairbairn has over 30 years of experience in accounting, financial management, corporate finance, and mergers and 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 (bachelor of arts) and is a chartered professional accountant (chartered professional accountant and chartered accountant, 1987), in addition to having obtained the ICD.D designation from the Institute of Corporate Directors. Mr. Fairbain was previously CFO 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.