Mr. Marc-Andre Pelletier reports

BONTERRA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS

Bonterra Resources Inc. has closed a non-brokered private placement pursuant to which the company sold 1,625,000 units of the company at a price of 20 cents per unit for gross proceeds of $325,00. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 26 cents for a period of two years from the date of closing, subject to acceleration of the expiry date upon the occurrence of certain events.

The shares and warrants are subject to a four-month-plus-one-day restricted period in Canada ending on Aug. 5, 2025.

The company paid a finder's fee of $19,500 to an arm's-length finder in connection with the offering.

Marc-Andre Pelletier, president and chief executive officer, commented: "This placement was a highly targeted equity raise aimed at a handful of European investors with whom we've been building relationships since last summer, when we began actively marketing in the region. We greatly appreciate the support and confidence demonstrated by this select group and look forward to continuing to build strong relationships across Europe."

The gross proceeds from the sale of units will be used to finance exploration activities at the company's projects and for general working capital.

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 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. In October, 2024, Gold Fields Ltd. completed the acquisition of Osisko Mining for $2.16-billion. Gold Fields is now the counterparty to the JV agreement and can continue to earn a 70-per-cent interest in the joint venture by incurring $30-million in work expenditures until November, 2026 (including expenditures incurred by Osisko Mining prior to October, 2024). This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step toward development.

We seek Safe Harbor.