Mr. Marc-Andre Pelletier reports

BONTERRA RESOURCES INC. ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Bonterra Resources Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of Nov. 11, 2024, and is for four months and shall be automatically renewed for subsequent one-month terms, unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities. The company is paying the market-making fee directly to ICP Securities. ICP Securities does not currently own any securities of Bonterra Resources, directly nor indirectly, nor prior to entering the engagement.

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 the measured and indicated categories and 1.78 million ounces in the inferred category.

In November, 2023, the company entered into an earn-in and a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August, 2024, Gold Fields announced the acquisition of Osisko Mining for $2.16-billion. Over the next three years, Osisko Mining (now Gold Fields) can earn a 70-per-cent interest by incurring $30-million in work expenditures until November, 2026. This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step toward development.

We seek Safe Harbor.