BonTerra Resources Inc.

BonTerra Resources Inc.

October 16, 2009 09:00 ET

BonTerra Initiates Exploration Program at Long Lake Claims Stewart, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2009) - BonTerra Resources Inc. (TSX VENTURE:BTR) (the "Company") announces that it has retained the services of Rio Minerals Ltd. of Vancouver, B.C. to do a historical data compilation and to implement a work program for the Company's recently acquired Long Lake Claims located between the properties of Decade Resources Ltd. and Ascot Resources Ltd. Decade recently announced (in Stockwatch Sept. 3, 2009) drilling results of 7.3 grams per ton of gold across 28.3 metres and 5.78 grams per ton across 28.4 metres and 7.5 grams per ton gold across 32.5 metres; Ascot Resources Ltd. (in Stockwatch Sept. 22, 2009) announced drill intercepts including 11 metres of 50 grams per ton (in Stockwatch Sept. 17, 2009). The property is located adjacent to Long Lake, 22 kilometres north of Stewart and can be accessed year-round.

The Company also announced a non brokered private placement of 2,500,000 units at $0.20 per unit for total gross proceeds of $500,000. Each unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.25 per share for a period of two years from the date of closing. This placement is subject to TSX Venture Exchange approval.

The proceeds of the placement will be used for general working capital.

Finders' fees may be payable in whole or in part on the units issued under the financing, in accordance with TSX Venture Exchange policy.

In addition, the Company has issued a letter to Seabridge Gold Inc. notifying them that it is not proceeding with the acquisition of the Red Mountain property. The Company has also decided not to proceed with the proposal to split the shares of the Company on a one (1) old for two (2) new share basis.



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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