Bonterra Resources Inc. (TSX-V: BTR) (US: BONXF) (FSE: 9BR1) is pleased to announce the latest drilling results from the ongoing resource development program at the Gladiator Gold Deposit, including an intersection of 34.3 g/t Au over 2.8 m, which further extended the South Zone to the west by approximately 50 m. Positive assay results from ten recent drill holes have extended the known dimensions of the mineralization in multiple zones westward and to surface at the Rivage Gap area.

“Our winter drill campaign has been completed and was successful in expanding and defining the Gladiator Gold Deposit. We are now excited to commence our spring and summer drill program, which will focus on further definition of the deposit for the upcoming resource update in the latter part of 2018, but to also test regional priority targets to the south west and north east,” commented Nav Dhaliwal, President and CEO of Bonterra.

Highlights and Observations:

• Hole BA-18-25 intersected 34.3 g/t Au over 2.8 m at the North Zone, extending the deposit westward by approximately 50 m in the Rivage area.
• Infill drill holes BA-18-14 and BA-18-22A confirm continuity of the South Zone at depth and the extend the South Zone under plunge with 19.8 g/t Au over 1.2 m in BA-18-22A.
• Hole BA-18-15 extends the Main Zone to surface at the Rivage Gap with 13.9 g/t Au over 2.0 m.
• Hole BA-18-19 extends the Footwall down plunge with 13.4 g/t Au over 1.0 m at 550 m below surface.
• Hole BA-18-20 extends North Zone to surface at the Rivage Gap area with 14.2 g/t Au over 1.0 m.
• Infill drill results continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones.
• To date, continuity of mineralization is now confirmed over a total drilled strike length on at least four horizons (North, Footwall, Main and South) of 1,200 m, as well as a drilled depth of over 1,000 m.

Winter Drilling Completed – Spring/Summer Drill Program Initiated

Bonterra has completed the winter drilling campaign, which was focused on step-out and definition drilling at the deposit. The campaign successfully extended the deposit westward, opening multiple zones for further expansion from surface to depth. Multiple drill holes from the winter drilling campaign are in the lab with assays pending.

The 2018 resource development program, comprised of 70,000 m of drilling at the Gladiator Gold Project continues with five active drills, four focused on the definition and expansion of the Gladiator Gold Deposit, and one drill focused on exploration targets west of the deposit. The Company is currently mobilizing a sixth drill to the St. Cyr Gold Prospect to follow up on drilling that was completed as part of the winter drilling campaign.

Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated maps including long sections and cross sections.

Bonterra Resources Quick Facts:

• Well financed with approximately $65 million raised since 2017.
• Strong Shareholder Base including: Eric Sprott, Van Eck, Kirkland Lake Gold
• Gladiator Gold Deposit:
  • Deposit extension and resource expansion underway with 60,000 m completed in 2017 and 70,000 m planned for 2018.
  • Advancing to the completion of an updated NI 43-101 Mineral Resource Estimate in the second half of 2018.
  • Drilled dimensions of the Gladiator Gold Deposit are currently outlined to a depth of over 1,000 m below surface, and a strike length of 1,200 m.
  • Gladiator remains open in all directions, where at least six distinct sub-parallel zones or mineralized horizons have been identified.
  • Drilling is currently focused on the continued expansion of Gladiator Gold Deposit and exploration targets within the 10,541-hectare Urban-Barry property.
• Larder Lake Gold Property:
  • 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
  • Excellent access to three high grade gold deposits between Kirkland Lake and Virginiatown.

Robert Gagnon, P.Geo., has approved the information contained in this release.  Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.