BonTerra Resources Inc.

BonTerra Resources Inc.

March 16, 2010 15:45 ET

BonTerra Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2010) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company" or "BTR") is pleased to announce the appointment of Mr. Casey Forward to the company's board of directors and to act as the company's CFO. Mr. Forward is a professional accountant with over 25 years of experience and has been employed as an officer and director of several public companies involved in mining and business development. Mr. Forward has an extensive knowledge of the regulatory filing processes involved both in Canada and the U.S. fMr. Forward replaces Mr. Jerry Mini who has tendered his resignation as director and Chief Financial Officer as of today's date.

The Company 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 one million one hundred thousand (1,100,000) common shares of the Company for a period of three years at a price of $0.20 per share.

BTR continues to evaluate potential further acquisitions in Quebec to add to its portfolio of recently announced properties.

On January 25, 2010, BTR announced it had entered into an agreement to acquire a 100 percent interest in ground applied for, adjacent to First Gold Exploration Inc.'s Pivert/Rose property.

On March 3, 2010, BTR announced an agreement to purchase a 100 percent interest in 22 strategic mineral claims, directly adjacent to the Pivert-Rose rare metal (lithium, rubidium, tantalum and beryllium) project owned by First Gold Exploration Inc., in the James Bay district of northern Quebec.

The 22 claims encompass approximately 1,165 hectares (or 11.6 square kilometres) and were staked via map designation by Terrax Management. The claim block is pending registration by the government of Quebec. Its acceptance is expected any day. BonTerra has other mineral claims pending in the area and once the claim groups have been accepted, they will give it a strong presence in the district.

The claims acquired cover the same general geology as ground owned by First Gold and lie in close proximity of known pegmatite dikes, in the region which are host to rare metals including Li, Rb, Ta and Be.

On March 11, 2010, BTR entered into an agreement to acquire a 100 percent interest in ground near the Windfall Lake property of Eagle Hill Exploration Corp. in the Abitibi mineralized belt of Northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production, and excellent infrastructure for exploration and mining.

The 36 separate claim blocks total approximately 2,016 hectares, to the southwest of the Eagle Hill property. The ground has been applied for through Gestim, and the applications have been paid and the applications have been acknowledged as received by the Quebec Ministere des Ressources Naturelles et de la Faune.

The ground was strategically selected as a high favourability area prospective for orogenic gold favourablity as determined by the Lamonthe and Harris 2006 assessment of the potential for orogeneic gold deposits in the Abitibi region.


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: (i) the closing of the transaction may occur; and (ii) the combination creates the opportunity to develop a sustainable and profitable mining operation within a low-risk political jurisdiction. 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 close the transaction for any reason; (ii) the inability to close the financing; (iii) the inability to obtain exchange approval (iv) a continued downturn in general economic conditions; (v) decreased demand for minerals and lower mineral prices; (vi) the inherent uncertainties and speculative nature associated with mineral exploration; (vii) any number of events or causes which may delay or cease exploration and development of BonTerra's property interests; (viii) the risk that BonTerra does not execute its business plan; (ix) inability to finance operations and growth; and (x) 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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