Bonterra Announces Resignation ofPresident and Chief Executive Officer

Bonterra Resources Inc., a Quebec-based gold exploration and development company, has announced a significant leadership transition with the resignation of President and Chief Executive Officer Marc-André Pelletier, effective May 31, 2026. The departure is voluntary as Pelletier pursues another opportunity in the sector, and he has agreed to remain engaged as a consultant through December 31, 2026, to ensure continuity during the transition period.

The company's Board of Directors has moved swiftly to address the leadership vacuum by appointing Chairman Cesar Gonzalez as Interim CEO while conducting a comprehensive search for a permanent replacement. The board has indicated it will consider both internal and external candidates, suggesting a thorough evaluation process to identify the most suitable leader for the company's next phase of development.

For Bonterra's stakeholders, this leadership change comes at a critical time in the gold sector, where companies are navigating volatile commodity prices and evolving market conditions. The company has emphasized that its strategic priorities and operations will remain unchanged during the transition, which should provide some reassurance to investors and partners. The decision to retain Pelletier as a consultant demonstrates prudent corporate governance, ensuring knowledge transfer and operational continuity.

The timing and circumstances of this executive departure will likely be closely watched by the mining community, particularly given Bonterra's position in the Val-d'Or mining district. The company's ability to maintain momentum in its exploration and development activities during this interim period will be crucial for preserving stakeholder confidence and ensuring the smooth execution of ongoing projects. The board's commitment to providing regular updates throughout the CEO search process reflects appropriate transparency standards for a publicly traded mining company.