Bonterra Resources Inc. announced that Matthew Houk has joined Bonterra's board of directors as an independent non-executive director, effective immediately. Mr. Houk will serve as a member of the Audit Committee and Technical, Safety and Sustainability Committee of the Board. Following the appointment of Mr. Houk, the Board will now consist of seven directors, four of whom are independent.

Since 2008, Mr. Houk has served as a Portfolio Manager and Research Analyst at Horizon Kinetics LLC, where he is involved in the identification, analysis and monitoring of certain investment opportunities for the firm. Matt is also the Chairman, Chief Executive Officer, and Chief Financial Officer of Winland Holdings Corporation. Matt also serves on the board of directors of Lamington Road DAC, an Irish designated activity company focused on managing a portfolio of life settlements.

Previously, Matt was with Goldman, Sachs &Co. He received a BA in Economics and Political Science from Yale University. In conjunction with Mr. Houk's appointment to the Board, he is being granted incentive stock options to acquire a total of 300,000 common shares of the Company pursuant to the Company's stock option plan and subject to any regulatory approval.

Additionally, Paul Jacobi, who joined the Board in October 2023.