Bonterra Resources Inc. announced the first drill results of its 15,000 meters ("m") drill program at its Desmaraisville South project. Three diamond drill rigs have been mobilized on the project and are currently drill-testing several new geological and geophysical targets along with historical near surface gold mineralization along the edges of the O'Brien Syenite Intrusion ("O'Brien Intrusive"). Located within three kilometers ("km") of the Bachelor Mill Complex, three different areas were drill tested for their near surface gold potential.

These areas are located North, East, and South of the O'Brien Intrusive. At the Southern Area ("South Area"), several new drill targets were generated from the reinterpretation of previously intersected gold bearing structures. This reinterpretation was done with the use of the Bonterra drill hole database and the historical 3D models of high-grade gold intercepts drilled previously.

Bonterra has drilled to date a total of 17 diamond drill holes (4,332 m) at the South Area. The drilling encountered several sub-parallel hematite and silica rich altered zones with trace to 8% fine grained and disseminated pyrite which host the gold mineralization (Table 2 and Figure 2). From hole to hole, these mineralized zones show various orientations and suggest that the gold mineralization is related to a large complex with brittle zones of various orientations and plunges.

Many assays are still pending from the 3,955 submitted samples. Bonterra's review of the historical database demonstrated a lack of systematic sampling. Several gold mineralized intervals were not sampled above and below the mineralization.

Bonterra will conduct a re- sampling program in early 2024. When all analytical data is received, Bonterra will update its 3D model including the geology, alteration, structures, and mineralization to better understand and evaluate the near surface gold potential of the South Area.