BonTerra Resources Inc.

BonTerra Resources Inc.

November 16, 2010 03:01 ET

BonTerra Receives Assays From Hole BA-10-03

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2010) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company", "BonTerra") announces the receipt of its assays from its drill program on the Eastern Extension property, Quebec. The Company has three additional holes out for assay. The Company has received gold assay values for BA-10-03 which has two distinct mineralized zones denoted as upper and lower zones. Both of these zones include one sample with a grade of greater than 60 grams per tonne gold. The upper zone intercept includes a sample which is 64.60 grams per tonne gold over 0.80 metres. The lower zone includes one high grade sample which assayed 76.10 grams per tonne gold over 0.75 metres. BA-10-03 is situated approximately 34 metres from BA-10-01. BA-10-01 assayed 13.50 metres at 17.06 grams per tonne. BA-10-03 is also situated approximately 20 metres from BA-10-02 which assayed 7.73 metres at 21.24 grams per tonne.

The upper zone assayed 39.49 grams per tonne gold over 1.80 metres. The lower zone is over three times thicker than the upper zone. This lower zone assayed 12.70 grams per tonne gold over 6.75 metres. The top of the upper mineralized zone is 83.80 metres down hole while the top of the lower zone is 127.25 metres down hole.

The following tables outline the drill intercepts. These are sample results, the Company sampled mineralized zones of the holes and future holes will be disclosed once assays are received. The drill program is drilled using AQ sized core. The Company is also planning on constructing a winter camp and planning a second phase drill program this coming winter to continue advancing this exciting property.

Drill Hole ID From (m) To (m) Length (metres) Gold (grams per tonne) From (ft) To (ft) Length (feet) Gold (Oz/ton)
BA-10-03 83.80 85.60 1.80 39.49 274.93 280.84 5.91 1.15
INCLUDING 84.80 85.60 0.80 64.60 278.22 280.84 2.62 1.88
Drill Hole ID From (m) To (m) Length (metres) Gold (grams per tonne) From (ft) To (ft) Length (feet) Gold (Oz/ton)
BA-10-03 127.25 134.00 6.75 12.70 417.49 439.63 22.13 0.37
INCLUDING 127.25 128.00 0.75 76.10 417.49 419.95 2.45 2.22

Mitchell Adam, President, states, "We are excited to continue receiving high assay values in every hole so far on this drill program" 

To date the holes drilled on the Eastern Extension property have intercepted zones of smoky quartz veins mineralized with sulphides (pyrite, pyrrhotite and chalcopyrite with sphalerite observed locally). Sulphides commonly compose 1-7% of the mineralized zones and can be as high as 21% (83.90-85.42). Alteration is most commonly silica, carbonate, chlorite, tourmaline and sericite. The combination of quartz veins, tourmaline, alteration and sulphides is ideal for gold mineralization in the area.

The Company has chosen to employ a full quality assurance and quality control (QAQC) system for every batch of samples submitted to the lab. The QAQC samples include a standard, duplicate and blank. The Company has recently completed drilling the final drill hole on the Eastern Extension property (BA-10-07). This was the last hole the Company has planned for the first phase of drilling on its properties in the area. Geologica Inc. of Val d'Or, Québec is responsible for overseeing the drill and sampling program on behalf of the Company.

The Eastern Extension property is located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Québec. BonTerra's Urban-Barry property is situated just west of the Eastern Extension property. Neighboring companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The Company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.

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 and a Director of the issuer.

Drill Hole Easting (UTM Nad83) North (UTM Nad83) Elev. (m) Total Depth (m) Azimuth Dip (degrees)
BA-10-03 456183 5428106 392 210.00 160° -48°



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 the Company such as the statement that the Company is planning a winter camp and second phase drill program to continue advancing the property. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) a decrease in demand for and price of gold; (iii) general uncertainties with respect to mineral exploration in general; and (v) inability to raise required financing. 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, the Company does not intend to update these forward-looking statements.

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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