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

Core Viewpoint - Bonterra Resources Inc. has received UL 2723 ECOLOGO® Certification for its exemplary environmental, social, and governance (ESG) practices in mineral exploration, highlighting its commitment to sustainable development [1][2]. Company Developments - The company granted 545,000 restricted share units (RSUs) to its officers, which are subject to a one-year vesting period [2]. - Additionally, Bonterra granted stock options to acquire 1,660,000 common shares, with an exercise price of $0.18 per share, vesting immediately and valid for five years [3]. Exploration Assets - Bonterra is a Canadian gold exploration company with advanced exploration assets, including the Gladiator, Barry, Moroy, and Bachelor gold deposits. These collectively hold 7.4 million tonnes at 5.21g/t Au for 1.24 million ounces in the Measured and Indicated categories, and 9.2 million tonnes at 6.05g/t Au for 1.78 million ounces in the Inferred category [4]. Joint Venture Agreement - In November 2023, Bonterra entered into a joint venture agreement with Osisko Mining for the Urban-Barry properties, which include the Gladiator and Barry deposits. Following the acquisition of Osisko Mining by Gold Fields Ltd. for C$2.16 billion in October 2024, Gold Fields became the counterparty to the JV Agreement. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures by November 2026 [5].