BonTerra Resources Inc.
TSX VENTURE : BTR
FRANKFURT : 9BR

BonTerra Resources Inc.

July 15, 2011 13:20 ET

BonTerra Announces Closing of Brokered and Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2011) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") is pleased to announce in furtherance to its news release dated July 6, 2011, it has today completed the closing of a brokered and non-brokered private placement of 4,347,826 flow-through units of the Company (the "FT Units") at $0.23 per FT Unit and 3,331,666 non flow-through units of the Company (the "NFT Units") at $0.15 per NFT Unit for a total gross proceeds of up to $1,499,750.

Each FT Unit consists of one common share issued on a flow-through basis and one half of one common share purchase warrant, with each full warrant entitling the holder to acquire an additional common share at an exercise price of $0.50 per common share for a period of two years from the closing date.

Each NFT Unit consists of one common share issued on a non flow-through basis and one common share purchase warrant entitling the holder to acquire an additional common share at an exercise price of $0.25 per common share for a period of one year from the closing date.

In connection with the brokered private placement, the Company paid Limited Market Dealer Inc. ("LMD") a cash finder's fee of $50,000 equal to 5% of the gross proceeds from the brokered private placement, and granted 434,783 stock options to LMD equal to 10% of the number of FT Units sold under the brokered private placement (each, an "Option"). Each Option entitles LMD to purchase one (1) unit of the Company (each, a "LMD Unit") at a price of $0.23 per LMD Unit for a period of two years from the closing of the brokered private placement. Each LMD Unit consists of one (1) Common Share and one half of one non-transferable share purchase warrant (each, a "LMD Unit Warrant"). Each full LMD Unit Warrant entitles LMD to purchase one (1) additional Common Share at a price of $0.50 per Common Share for a period of two (2) years from the closing of the brokered private placement.

In connection with the non-brokered private placement, the Company paid aggregate finder's fees of $39,472.50 equal to 10% of the gross proceeds raised by finders under the non-brokered private placement.

All securities issued in connection with the closing of the offering are subject to a restricted period that expires November 15, 2011 in accordance with applicable securities laws.

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.

À propos de MineralFields, Pathway et First Canadian Securities ®

Le Groupe MineralFields (une filiale de Pathway Asset Management), situé à Toronto, Montréal, Vancouver et Calgary, est un fonds minier gérant d'importants actifs. Il propose des placements disposant d'avantages fiscaux dans des sociétés en commandite de "super-accréditives" à l'attention des investisseurs canadiens, ainsi que dans d'autres sociétés en commandite pour les investisseurs internationaux. L'or et les métaux précieux, les métaux de base, les terres rares et le lithium, la potasse, l'uranium, le pétrole, le charbon et le gaz constituent autant de secteurs cibles du Groupe. Pathway Asset Management possède également une expertise dans la fabrication et la distribution de produits structurés et de fonds communs de placement (notamment les Fonds en Structure de Capital Séries Multiples Pathway Inc.). Pour plus d'informations concernant le Groupe MineralFields, nous vous invitons à consulter leur site internet : www.mineralfields.com. First Canadian Securities ® (une filiale de Limited Market Dealer Inc.) est un chef de file dans le financement des ressources (par le biais d'accréditives et de placements privés dans le capital de sociétés cotées) à des conditions compétitives, efficaces et simples. Elle offre également aux sociétés du secteur des ressources des services en investissement d'affaires, en fusions et acquisitions et de la consultation relative à l'industrie minière. MineralFields et Pathway ont financé des centaines de sociétés d'exploration pétro-minières et gazières par l'entremise de First Canadian Securities ® et ont ainsi accumulé plus d'un milliard de dollars en l'espace de 10 années.

ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

Mitchell Adam, President, Director

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.

Contact Information