Mr. Greg Gibson reports

BONTERRA INTERSECTS 7.35 GRAMS PER TONNE AU OVER 8.35 METRES AT BARRY

Bonterra Resources Inc. has released the results of assays from the winter drill program completed to date on its Barry project. Results include an intersection of 7.35 grams per tonne gold over an intersection length of 8.35 metres, including a higher-grade interval of 10.26 grams per tonne gold over an intersection length of 4.75 m, in hole MB-20-250.

The 2020 winter drill program at Barry commenced on Jan. 6, 2020, and was suspended on March 17, 2020, due to the company's response to the COVID-19 virus situation. A total of 10,662 metres of drilling were completed in 24 holes. Assay results for 14 holes have been completed in full, while assay results for five holes have been partially completed and assays for an additional five holes are pending in full. The holes completed at Barry were planned to: (i) infill drill in selected parts of the deposit; (ii) test the downdip limits of the current resource model; and (iii) explore to the immediate west of the deposit, including ice-based drilling on Lac Limpide. A table of significant intersections received is provided herein.

Five holes drilled were aimed at deposit infill, with the objective of converting the inferred resource to an indicated resource. Assays have been received for three of the five holes. The assays received from the three holes are consistent with assays from adjacent holes and confirm the trends of the block model. The metres completed on infill drilling to date are approximately one-third of the metres planned for infill drilling at Barry. A detailed assessment of the results will be completed as assays are received and the drill program resumes.

Eight holes were drilled along the downdip limit of the resource model in selected positions where the current drilling was widely spaced. In general, the grade, thickness and location of the intercepts are consistent with their occurrence on the margin of the Barry gold deposit. Hole MB-20-257, however, intersected a wide zone of mineralization: 3.53 grams per tonne gold over an intersection length of 15.1 m, including 5.48 grams per tonne gold over an intersection length of 8.1 m. This intersection is consistent with the trend of the resource model and is open down dip. In general, the downdip limits of the Barry deposit remain constrained only by relatively wide-spaced drilling, and opportunities for expansion will be evaluated as deposit interpretation and modelling continue.

Eleven holes were drilled beyond the western limits of the current Barry resource model, which is open in this direction. The concept of exploration to the west is supported by magnetic and chargeability trends. Assays are pending from six of the 11 holes completed. Drill hole MB-20-250 intersected 7.35 grams per tonne gold over an intersection length of 8.35 m, including a higher-grade interval of 10.26 grams per tonne gold over an intersection length of 4.75 m. Assays from adjacent holes have returned widespread mineralization and locally high grades over limited widths. The results to date strongly support the western extension exploration concept and the drill program planned for Lac Limpide during the 2020 winter. The assays completed to date indicate that the Barry deposit has been extended to the west. The company will be assessing all results as received and plans to continue a drill campaign on Lac Limpide in the future.

Greg Gibson, president and chief executive officer of the company, commented: "The 2020 winter exploration program was in full swing, with three drills running at the time of shutdown. We had only recently got on the ice and started the program on Lac Limpide, having completed two holes of a much larger plan. Priority targets for extension of the Barry deposit to the northwest, to the east and down plunge to the southeast, as well as the Barry regional exploration program, will continue to be the company's focus."

Analyses and quality assurance/quality control

Gold analyses of Barry 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.

Sabrina Bernard, PGeo, is the chief geologist for the Barry project and supervises all drilling and exploration on the property. Jamie Lavigne, PGeo, vice-president of exploration, has approved the information contained in this release. Mr. Lavigne is a qualified person, as defined by National Instrument 43-101.

We seek Safe Harbor.