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Bonterra Achieves up to 99.4% Gold Recoveries from Preliminary Metallurgical Studies, Including up to 76.1% from the Gravity Circuit

Vancouver, BC – April 17, 2018:  Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that it has received highly positive results for its preliminary metallurgical testwork, which forms part of its ongoing Resource Development Program at its 100% controlled Gladiator Gold Deposit in Quebec, Canada. Results to date show total gold recoveries of up to 99.4%, including 76.1% from the Gravity circuit.

The outstanding metallurgical results, when compared to the overall average lower recoveries within our industry peer group, are a significant milestone for the Gladiator Gold Deposit. The exceptional gravity recovery rates of up to 76.1%, combined with a simple flotation circuit, may reduce capital requirements related to a future potential milling operation,” commented Nav Dhaliwal, CEO of Bonterra. Potentially not requiring a cyanide leaching circuit minimizes the environmental footprint of any future mining operation and could also improve potential future process economics of the project.”

Highlights and Observations:

“As expected, preliminary metallurgical test results confirmed excellent gold recoveries. On average, greater than 70% of the gold reports to the gravity circuit at all grinding sizes, which potentially contributes to substantial capital reductions in the grinding circuits, potential lower reagent consumption, and highlights an opportunity for significant savings in the future processing parameters at Gladiator,” commented Peter A. Ball, VP Operations. “The simple metallurgy, consisting of potentially only a crushing and grinding circuit to achieve 76.1% recovery, provides a low CapEx/OpEx process to pour gold bullion on site. Adding a flotation circuit could yield up to 97.3% recovery and deliver a very high grade gold concentrate, making material very compatible and easily transported to a local or a centralized standard milling facility.”

Metallurgical Program Review

ALS Metallurgy (“ALS”) of Kamloops, British Columbia, was contracted to complete Gravity Concentration, Flotation and Cyanide leach testing for the Gladiator Gold Deposit. The studies included grind optimization, gravity separation, flotation, and cyanide leach testing, and were intended to provide an initial look at the characteristics of mineralization to help guide future optimization test work and processing flow sheet specifications.

Overall, the metallurgical testing and microscopic analysis indicate that the mineralization is relatively simple with no deleterious elements, and pre-concentration could potentially be achieved by a low capital intensive processing sequence, which will likely include crushing, grinding, gravity concentration and flotation. The process is a relatively benign one, and also offers potential environmental permitting advantages, as well as significant savings in transportation costs. These results are part of an ongoing comprehensive metallurgical program designed to define the processing parameters, establish grade-recovery relationships and optimize gold recovery for a potential future Gladiator milling facility.

ALS completed testing on approximately 35 kg of composite sample from the Main Zone with an average head grade of 9.0 g/t Au from two wide diameter holes MT-18-01 and MT-18-02. The composite sample was selected to be representative of the deposit mineralization based on mineralogy, grade and location. Head assay results from the metallurgical testing ranged from 8.0 g/t Au to 10.0 g/t Au and showed excellent grade reconciliation with initial drill hole assays.

Four kg of the sample, at three different grind sizings, were submitted for gravity separation using a Knelson concentrator. Gold recovery by the Knelson gravity separation was followed by hand panning to produce a final gravity concentrate mass that is more representative of plant operation. The pan concentrate, pan tailings, and Knelson concentrator tails were assayed for gold and determined that gold in the samples were highly amenable to gravity recovery.

Results of the Gravity concentration gold recovery tests are summarized below:

Test Size Feed Grade
(g/t Au)
Knelson Tails
(%)
Pan Tails
(%)
Pan Concentrate
(%)
Pan Concentrate
(g/t Au)
1 169 mm K80 9.19 20.0 11.7 68.3 3,627
2 136 mm K80 9.86 13.6 11.9 74.5 4,437
3 83 mm K80 8.70 13.0 10.8 76.1 6,461

Results of the Flotation concentration gold recovery tests are summarized below:

Test Size Feed Grade
(g/t Au)
Gravity Recovery
Distribution %
Rougher Recovery 
Distribution %
Total Recovery
Distribution %
Au S Au S Au S
4 169 mm K80 10.0 73.0 18.8 23.5 72.0 96.5 90.8
5 136 mm K80 8.00 70.9 17.1 26.0 73.9 96.8 91.0
6 83 mm K80 8.28 73.8 13.0 23.5 78.5 97.3 88.2

Results of the Cyanide concentration gold recovery tests are summarized below:

Test Size Leach Feed (Gravity Tails) Au Recovery
Gravity
(%)
Leach Extraction
(%)
Au Recovery Gravity Tails 
(%)
Au Recovery
Total
(%)
7 169 mm K80 Test 1 68.3 30.7 30.7 99.0
8 136 mm K80 Test 2 74.5 24.9 24.9 99.4
9 83 mm K80 Test 3 76.1 23.1 23.1 99.2

A kinetic rougher test was included in each flotation feed sizing. This test determined that gold in the samples is highly amenable to recovery using a standard froth flotation circuit.

Gravity plus cyanidation leach tests were completed, and it was determined that gold in the samples responded excellent to conventional leaching. Three of the tests were conducted on the samples at each grind sizing, and three of the tests were conducted on the rougher flotation tailings.

Bonterra is currently completing a Resource Development Program in 2018 at the Gladiator Gold Deposit, including approximately 70,000 m of drilling, metallurgical studies, and a Mineral Resource update.

Bonterra Resources Quick Facts:

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.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal, President & CEO

Bonterra Resources Inc.

For further information on Bonterra, contact Investor Relations                                                       

Telephone: 1 844 233 2034

Email: ir@bonterraresources.com                                                                                                      

Website: www.bonterraresources.com                                                                                           

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains "forward-looking information" that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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