BonTerra Resources Inc.

BonTerra Resources Inc.

September 16, 2010 03:01 ET

BonTerra Acquires Additional Claims With Historical (Non NI 43-101 Compliant) Gold Intercepts Adjacent to the Urban-Barry Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2010) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company" or "Bonterra") announces that it has entered into an option to acquire additional claims (the "Abitex Claims" or the "Property") directly east of the Urban-Barry Township Property from Abitex Resources. To earn a 50% interest in the Property, the Company must issue a total of 1,250,000 common shares, make a cash payment of $10,000 and incur total exploration expenditures of $750,000 over four years. To earn a 100% interest in the Property, the Company must issue an additional 100,000 common shares and make a further cash payment of $100,000. The Property is subject to a 2% NSR of which 1% can be purchased for $500,000. A finder's fee will be payable on this transaction pursuant to the policies of the TSX Venture Exchange.

The Abitex Claims have been the subject of diamond drilling in the 1990's by Xemac Resources. In a news release dated January 13, 1998, Xemac Resources announced drilling results for their winter drilling program, none of which are NI 43-101 compliant. The first phase of drilling by Xemac delineated two gold zones on the Property, Zone 1 and Zone 2. The first phase of drilling was a 5 hole program (BL-97-01 to BL-97-05). All intercepts highlighted below are core length and non NI 43-101 compliant. Zone 1 was intercepted in BL-97-01. This hole intercepted 22 metres at 8.31g/t gold. Within this intercept there was a sub intercept reported at 13.2 metres at 13.5g/t gold as documented by the news release dated January 13, 1998. This hole was drilled along the main structure in order to verify the presence of related, conjugate and subsidiary structures and auriferous veins. Mineralization in Zone 1 is associated with a zone of quartz veining associated with brittle-ductile shear zones. Strongly sheared carbonate altered rock is also noted for Zone 1.

A 22 hole phase 2 drill program on the property tested a second mineralized structure which is situated immediately north of Zone 1. This mineralized structure was named Zone 2. In 1998, the strike of zone 2 was said to be 450 feet (137.16 metres) from the surface to a depth of 300 feet (91.44 metres). Zone 2 is hosted by a contact related ENE striking, SSE dipping shear zone which has been intruded by a narrow conformable felsic and siliceous intrusive. Gold mineralization in Zone 2 is primarily found as free visible millimetric grains in quartz veins. The best mineralization is found in these quartz veins which are located at the boundaries of the felsic intrusive within the shear zones. Significant drill intercepts for zone 2 are shown in the table below, highlights of historical drill intercepts (non NI 43-101 compliant).

Highlights of Historical Drill Intercepts (Non NI 43-101 Compliant) Zone 2- Abitex Claims
DDH Zone   FROM (ft )   To (ft )   LENGTH (ft )   Gold Oz/t   Length (m )   Gold g/t
BL-97-06 2   100.80     112.60     11.8     0.804   3.60     27.58
BL-97-13 2   187.50     194.20     6.70     0.600   2.04     20.58
BL-97-17 2   79.00     85.50     6.50     0.512   1.98     17.56
BL-97-24 2   190.00     192.50     2.50     0.812   0.76     27.85
BL-97-25 2   328.00     330.00     2.00     1.435   0.61     49.20

The Company plans on testing these historical mineralized structures on the Property in their drill program. The Company believes these parallel mineralized structures with historical (non NI 43-101 compliant) drill intercepts is the logical location to commence the 2000 metre drill program. Geologica Inc. of Val d'Or, Québec will be responsible for overseeing the drill program on behalf of the Company. Since 1985, Geologica Inc., a diverse mining exploration consulting company, has worked on over 500 exploration projects to date.

Company President, Mitchell Adam states, "These claims are situated directly east of the main Urban-Barry Property. The presence of parallel mineralized structures on the Abitex Claims which was drill tested in the late 1990's makes this acquisition the logical starting point of our 2000 metre drill program."

The Property is located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban township in James Bay, Québec. Neighboring companies in the region are Amseco, Beaufield, BonTerra, Eagle Hill, Glen Eagle, Metanor, and Urbana.

Acquisition of the Property is subject to the acceptance of the TSX Venture Exchange.

The Company also announces that it has granted incentive stock options, pursuant to the Company's stock option plan, to its directors, officers, and consultants for the purchase of up to 1,300,000 common shares of the Company for a period of two years at a price of $0.15 per share.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat., a qualified person.



Mitchell Adam, President, Director 

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of BonTerra such as the statement that: There are numerous risks and uncertainties that could cause actual results and BonTerra's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the inability to obtain exchange approval and (ii) other factors beyond BonTerra's control. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, BonTerra assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

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.

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