Mr. Marc-Andre Pelletier reports

BONTERRA RESOURCES ANNOUNCES ELECTION RESULTS OF ITS 2024 ANNUAL GENERAL MEETING

Bonterra Resources Inc. has released the election results of its 2024 annual general meeting held on June 12, 2024 (2024 AGM), representing its fiscal year ended 2023.

Bonterra is pleased to announce that shareholders have approved all matters voted on at the 2024 AGM, including: (i) to set the number of directors at seven; (ii) to re-elect Cesar Gonzalez, Marc-Andre Pelletier, Normand Champigny, Matthew Happyjack, Paul Jacobi, Matt Houk and Peter O'Malley as directors; (iii) to appoint the Crowe MacKay LLP as auditor of the company for the ensuing year and to authorize the directors to fix its remuneration; and (iv) to consider and, if deemed advisable, adopt with or without variation, an ordinary resolution to approve the company's omnibus equity incentive compensation plan.

Details in respect of such matters were provided in the company's management information circular dated May 2, 2024. A total of 76,212,048 common shares were voted at the meeting, representing approximately 57 per cent of the common shares issued and outstanding as of the record date.

Results from the vote are presented in the attached table.

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.