Mr. Marc-Andre Pelletier reports

BONTERRA RESOURCES ANNOUNCES ELECTION RESULTS OF ITS 2023 ANNUAL GENERAL MEETING

Bonterra Resources Inc. has released the election results of its 2023 annual general meeting held on June 14, 2023, representing its fiscal year ended 2022.

Bonterra shareholders have approved all matters voted on at the 2023 AGM, including: (i) to set the number of directors at six; (ii) to re-elect Cesar Gonzalez, Marc-Andre Pelletier, Normand Champigny, Matthew Happyjack, Akiba Leisman and Peter O'Malley as directors; (iii) to appoint the Crowe MacKay LLP as auditor of the company for the ensuing year and to authorize the directors to fix its remuneration; and (iv) to consider and, if deemed advisable, adopt with or without variation, an ordinary resolution to approve the company's omnibus equity incentive compensation plan.

Details in respect of such matters were provided in the company's management information circular dated May 4, 2023. A total of 93,352,776 common shares were voted at the meeting, representing approximately 74 per cent of the common shares issued and outstanding as of the record date.

Results from the vote are presented in the attached table.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The company has four main assets -- Gladiator, Barry, Moroy and Bachelor -- that collectively have a total of 1.24 million ounces in the measured and indicated categories and 1.78 million ounces in the inferred category. Importantly, the company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.

We seek Safe Harbor.