Mr. Marc-Andre Pelletier reports

BONTERRA AMENDS AGREEMENT WITH MACHAI CAPITAL

Further to Bonterra Resources Inc.'s news release of March 18, 2024, it has entered into an updated agreement with Machai Capital Inc. pursuant to which Machai will be paid a cash fee instead of common shares in exchange for the provision of digital marketing services in accordance with the applicable TSX Venture Exchange policies. The engagement commenced on March 15, 2024, has a term of three months, and provides that Machai will receive a cash fee of $33,000, plus applicable taxes, such fee to be paid on or about May 8, 2024.

Machai is a marketing, advertising and public awareness firm based out of Vancouver, B.C., specializing in advertising and public awareness in the metals annd mining, technology, and special situation sectors. Suneal Sandhu is the president of Machai and can be reached at 604-375-0084. Machai is an arm's-length party to Bonterra and has no other relationship with the company except under this engagement. Neither Machai nor Mr. Sandhu own any securities of Bonterra.

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. 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.