VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2012) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company" or "BonTerra") is pleased to announce the appointment of Mr. Robert Gagnon to the Company's Board of Directors effective October 5, 2012. Mr. Gagnon will serve as an independent Director of the Company.
Mr. Gagnon earned a Mining Techniques Diploma from the Collège de la région de l'Amiante in 1995 and a Bachelor of Geology from the University of Quebec in Chicoutimi in 1999. He has been a member in good standing of the Ordre des géologues du Québec since 2002, a member of the Board of Directors of the Quebec Mineral Exploration Association since 2009, and President of the Association des prospecteurs du Nord du Québec since 2012.
"We are excited at the opportunity to bring Robert on as a Director of the Company", stated Navjit Dhaliwal, President of the Company. Mr. Dhaliwal also stated, "Robert sustains extensive knowledge in mining exploration and development, with an even further understanding of mining within Quebec, which will be crucial as Bonterra continues to expand and develop our properties. His experience will be invaluable and comes at a time when the Company anticipates significant growth on its Eastern Extention property. Bonterra is currently focused on building a team that can advance the Company and Robert will play a key role with such advancement."
Bonterra also would like to announce the resignation of Thomas Clarke as a director of the Company. The Board of Directors of the Company wishes to thank Mr. Clarke for his contribution to the development of the Company.
The Company is also pleased to announce 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 three million five hundred thousand (3,500,000) common shares of the Company for a period of two years at a price of $0.10 per share.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand the drill defined gold zones on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt: the Eastern Extension, Lavoie and Urban-Barry properties which are located approximately 170 km northeast of Val-d'Or and approximately 125 km southwest of Chibougamau in the Urban, Barry and Bailly townships in Québec.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Navjit Dhaliwal, President, Director
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the expansion and development of the Company's properties, anticipated growth of the Eastern Extension property and general advancements of the Company. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to: (i) current economic conditions and the state of mineral exploration and mineral prices in general; and (ii) other factors beyond the control of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
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