Mr. Marc-Andre Pelletier reports

BONTERRA GRANTS SECURITY-BASED COMPENSATION

Effective Jan. 2, 2024, Bonterra Resources Inc. has granted to certain officers of the company an aggregate of 750,000 restricted share units of Bonterra. The RSUs are subject to a one-year vesting period from the date of grant in accordance with the company's omnibus equity incentive compensation plan.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The company's assets include the Gladiator, Barry, Moroy and Bachelor gold deposits, which collectively hold 1.24 million ounces in the measured and indicated categories and 1.78 million ounces in the inferred category.

In November, 2023, the company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. Over the next three years, Osisko can earn a 70-per-cent interest by incurring $30-million in work expenditures. This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step toward development.

We seek Safe Harbor.