Bonterra Resources Inc.

Published : December 03rd, 2010

Bonterra Closes Acqusition of Anderson Claims Quebec

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Bonterra Closes Acqusition of Anderson Claims Quebec


Vancouver, BC - December 3, 2010: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the "Company", "BonTerra") announces that it has closed and received TSX Venture Exchange approval for filing an option agreement (the "Agreement") dated November 8, 2010 between BonTerra and four arm's length individuals (Mr. Steven Anderson, Mr. Don McKinnon, Mr. Larry Salo and Mr. Blair Naughty) (collectively the "Vendors") pursuant to which BonTerra has an exclusive and irrevocable right and option to acquire 100% of all right, title and interest in 37 contiguous mineral claims, covering 2,093.71 hectares, located in the Province of Quebec (the "Property"), subject to a 2% net smelter return royalties.

The aggregate consideration payable by the Company to the Vendors within a two year period is:
* $10,000 in cash ($5,000 on the Closing Date and the remainder payable within 12 months from the Closing Date);
* issue 3,000,000 Common Shares of the Company (2,000,000 issuable on the Closing Date and the remainder issuable within 12 months from the Closing Date);
* incurring $200,000 in Exploration Expenditures on the Property prior to the date that is 12 months from the Closing Date; and
* incurring $200,000 in Exploration Expenditures on the Property prior to the date that is 24 months from the Closing Date.

For additional information please read the Company's news release dated November 8, 2010 available on SEDAR or the Company website at
www.bonterraresources.com

The Company contact has changed to the following:

Telephone: 604-678-5308
Fax: 604-678-5309
Toll Free: 1-855-678-5308
Email:
info@bonterraresources.com


ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.

/s/ Mitchell Adam           
Mitchell Adam
President, Director

For further information contact:
Mitchell Adam
info@bonterraresources.com
www.bonterraresources.com


Bonterra Resources Inc.

CODE : BTR.V
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Bonterra Res is a exploration company based in Canada.

Bonterra Res holds various exploration projects in Canada.

Its main exploration properties are ANDERSON CLAIMS and EASTERN EXTENSION in Canada.

Bonterra Res is listed in Canada. Its market capitalisation is CA$ 37.2 millions as of today (US$ 27.4 millions, € 24.6 millions).

Its stock quote reached its highest recent level on February 25, 2011 at CA$ 9.80, and its lowest recent point on August 14, 2015 at CA$ 0.09.

Bonterra Res has 161 640 000 shares outstanding.

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TSX-V (BTR.V)
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