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Bonterra Awarded UL ECOLOGO® Certification for Responsible Mineral Exploration and Announces Grants Security-Based Compensation

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Executive Summary

Bonterra Resources Inc. announced two significant developments that underscore its commitment to responsible mining practices and corporate governance. The company received UL 2723 ECOLOGO® certification for mineral exploration companies, a recognition program supported by the Québec Mineral Exploration Association that validates best-in-class environmental, social, and governance practices. This certification demonstrates Bonterra's dedication to sustainable exploration activities while maintaining positive community relations in its Quebec operations.

Concurrently, the company implemented a security-based compensation program, granting 545,000 restricted share units with a one-year vesting period and 1.66 million immediately vesting stock options exercisable at $0.18 per share for five years to company officers. This compensation structure aligns management interests with shareholder value creation while providing retention incentives during the company's development phase.

Bonterra's asset portfolio remains anchored by advanced exploration properties in Quebec, including the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively contain 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in Inferred resources. The company's strategic positioning was enhanced through its joint venture agreement with Gold Fields Ltd., which acquired the original partner Osisko Mining for C$2.16 billion in October 2024.

Under the joint venture structure, Gold Fields can earn a 70% interest in the Urban-Barry properties by completing C$30 million in work expenditures by November 2026. This partnership with a major international gold producer validates the quality of Bonterra's assets and provides substantial financial backing for exploration advancement. The combination of ESG certification, management alignment through equity compensation, and major partner backing positions Bonterra favorably for continued development of its Quebec gold portfolio.
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