Bonterra Closes Non-Brokered Private Placement

BONTERRA RESOURCES INC.

Suite 1130 – 789 West Pender Street Vancouver, BC, V6C 1H2 Telephone: (604) 669-9330

NEWS RELEASE

TSX.V SYMBOL – BTR

BONTERRA CLOSES NON-BROKERED PRIVATE PLACEMENT

Vancouver, BC – November 26, 2010: BonTerra Resources Inc. (TSX-V: BTR/ FSE: 9BR) (the “Company”) is pleased to announce in furtherance to its news release dated November 23, 2010, it has today completed the closing of a non-brokered private placement (the “Offering”) of 4,000,000 flow through units of the Company (the “FT Units”) at $0.50 per FT Unit to the MineralFields Group. Each FT Unit consists of one (1) common share in the capital of the Company (each, a “Common Share”), issued on a flow-through basis, and one (1) common share purchase warrant (each, a “Warrant”) issued on a non flow-through basis, entitling the holder thereof to acquire one (1) additional Common Share at an exercise price of $0.75 per Common Share for a period of two (2) years from the closing date of the Offering (the “Closing Date”).

The Company paid Limited Market Dealer Inc. (“LMD”) $95,000 as a cash finder’s fee, and granted LMD 380,000 options of the Company (the “Options”). Each one (1) Option entitles LMD to purchase one (1)

unit of the Company (each, a “Finder’s Unit”) at a price of $0.50 per Finder’s Unit for a period of two years from the Closing Date with each such Finder’s Unit consisting of one (1) non flow-through Common Share and one (1) non-transferable non flow-through Warrant. Each such Warrant entitles the holder thereof to purchase one (1) non flow-through Common Share at a price of $0.75 per share for a period of two (2) years from the Closing Date.

Mitchell Adam, President and a Director of the Company states, “We are very pleased with the support we have received from the MineralFields Group. The success of the Phase I drill program has demonstrated to our shareholders and the market that a Phase II program should be initiated immediately. We now have the funds in place to commence a very significant drill program.”

ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

/s/ Mitchell Adam Mitchell Adam President, Director

For further information contact:

Mitchell Adam [email protected] www.bonterraresources.com Tel: (604) 669-9330

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CW3895133.3