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Bonterra files 43-101 Technical Report for Barry Open Pit

Aug 2, 2022

Bonterra Resources Inc. has announced the filing of an independent Preliminary Economic Assessment  technical report on the Barry open pit project in the Urban-Barry Camp in northern Quebec.

The technical report, entitled "Technical Report on the Gladiator and Moroy Deposits and the Bachelor Mine and Preliminary Economic Assessment on the Barry Deposit, Northwestern Québec, Canada Report for NI 43-101" and dated July 25, 2022 (effective date of June 1, 2022), has been prepared for Bonterra by SLR Consulting (Canada) Ltd. and AMC Mining Consultants (Canada) Limited has reviewed and endorsed the mine engineering and cost estimates contained in the Barry Open Pit PEA. The technical report is available on www.sedar.com under Bonterra's issuer profile.

Bonterra's news release dated June 13, 2022 summarized key results, assumptions and estimates contained in the Barry Open Pit PEA. The Corporation confirms that there are no material differences between the key results, assumptions and cost estimates contained in the Barry Open Pit PEA and Bonterra's news release dated June 13, 2022.

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 a portfolio of deposits, including, Barry, Gladiator, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in 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.

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