Mr. Greg Gibson reports

BONTERRA EXTENDS MINERALIZATION AT MOROY AND INTERSECTS 9.24 G/T AU OVER 2.04 METRES ON A NEWLY RECOGNIZED STRUCTURE

Bonterra Resources Inc. has released the results from drilling recently completed at Moroy. The drilling continues to define and extend mineralization on the M1 and M4 structures and has intersected mineralization, including 9.24 grams per tonne gold over an intersection length of 2.04 metres, on a new structure referred to as Moroy 7 (M7).

The M1 structure is the priority target for delineation and expansion of gold resources and will be the source of a bulk sample. Recent drilling on M1 has been completed from underground and from surface. Infill and delineation drilling from level 14 in the M1-2 zone is consistent with currently interpreted limits of mineralization. Recent grades in this area, including 7.19 grams per tonne gold over an intersection length of 2.82 m and 14.4 grams per tonne gold over an intersection length of 0.91 m, indicate the potential to realize a grade greater than the current average resource grade. Assays are pending from the lower M1-2 zone. Recent drilling down plunge of the M1-1 zone has intersected an unmineralized intrusive rock in the projected position of the mineralization. However, intercepts of 3.43 grams per tonne gold over an intersection length of 1.22 m and 3.37 grams per tonne gold over an intersection length of 1.37 m indicate continuity of structure and mineralization. Continued downplunge drilling of the M1 zone remains a priority for the company. A single longer-range exploration hole intersected a wide shear zone on the M1 plane, approximately 175 m down plunge of M1-1, and included an intersection of 0.72 gram per tonne gold over an intersection length of 6.89 m.

The M4 zone was recently discovered by the company (see news release dated Sept. 15, 2019). Recent drilling has expanded mineralization to the east, with intercepts of 12.29 grams per tonne gold over an intersection length of 1.79 m and 7.17 grams per tonne gold over an intersection length of 1.89 m. The M4 zone dips gently to the west-northwest, with mineralization now occurring over a length of approximately 225 m along a westerly trend direction. The M4 zone remains open and is a priority near-term target for the company.

The company previously released an intercept of 14.88 grams per tonne gold over an intersection length of 4.71 m in hole MY19-155 (see news release dated June 12, 2019). Follow-up drilling in the area of the MY19-155 intercept has resulted in the delineation of a near-vertical structure striking to the south-southeast. It is located south of the M1 structure. Several of the recent intercepts contain anomalous gold, and highlights include 9.24 grams per tonne gold over an intersection length of 2.04 m and 4.55 grams per tonne gold over an intersection length of 1.96 m. This newly recognized mineralized structure is referred to as M7.

Greg Gibson, president and chief executive officer of the company, commented: "With the discovery of the M4 zone during the fall of 2019 and now the M7 zone, our exploration program continues to illustrate the potential at Moroy. Given the proximity of these zones to M1, continued drilling success and resource delineation has the potential to have a very positive, near-term impact on developing reserves and mine planning at Moroy."

Analyses and quality assurance/quality control

Gold analyses of Moroy drill core are completed at the Bachelor mine assay laboratory. The company employs an industry-standard quality assurance/quality control program that includes: (i) duplicate analyses from pulp and coarse rejects; and (ii) the use of certified reference materials (CRM) and blanks. Check assays on a minimum of 10 per cent of the samples are completed at ALS Laboratories in Val d'Or.

Francis Lefebvre, PGeo, chief geologist of the company, supervises all exploration activities on the Moroy project. Mr. Lefebvre is a qualified person, as defined by National Instrument 43-101. Jamie Lavigne, PGeo, vice-president of exploration of the company, has approved the information contained in this release. Mr. Lavigne is a qualified person, as defined by NI 43-101.

We seek Safe Harbor.