Bonterra Acquires Eastern Extension Property, Quebec

Suite 4006 – 1011 West Cordova Street Vancouver, B.C. V6C 0B2 Telephone: (604) 678-5308 Fax: (604) 678-5309 TSX.V SYMBOL – BTR FSE SYMBOL – 9BR

BONTERRA ACQUIRES EASTERN EXTENSION PROPERTY, QUEBEC

Vancouver, BC – April 2, 2012: BonTerra Resources Inc. (BTR: TSXV; FSE: 9BR) (the “Company”) is pleased to announce that, further to its news release dated March 21, 2012, the Company has received TSX Venture Exchange approval of its agreement dated March 19, 2012 (the “Amending Agreement”) with Abitex Resources Inc. (“Abitex”) to amend the option agreement dated September 15, 2010, as amended, and has completed the acquisition of a 100% interest in the mineral claims which are located in the Bailly and Barry Townships, Quebec that are generally known as the Eastern Extension Property (the “Property”). Pursuant to the Amending Agreement, the Property was transferred to the Company in consideration for the issuance of 1,250,000 common shares of the Company to Abitex. In total, the Company made a cash payment of $10,000, issued 1,750,000 common shares and incurred $750,000 in exploration expenditures on the Property to acquire its 100% interest in the Property. The Property is subject to a 2% net smelter returns royalty, 1% of which can be purchased for $500,000.

Navjit Dhaliwal, President states “It is clear that BonTerra is confident in the caliber of this property. We wanted to demonstrate this by owning the property outright in addition to spending approximately $3.5 million in exploration work on the Eastern Extension. The Company is on the verge of taking the next big step in its development and creating share-holder value through further drilling work with the goal of completing a compliant resource calculation. If successful, BonTerra will be the third company to complete a compliant gold resource calculation in the Urban-Barry area, in just over a year and a half. Since BonTerra commenced working this property in September of 2010, our goal has been to keep the momentum going and build this asset, as well as developing the other properties, efficiently and quickly as possible.”

All the securities issued in connection with this transaction are subject to a hold period expiring on July 30, 2012.

ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

/s/Navjit Dhaliwal Navjit Dhaliwal President, Director

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For further information contact:

Navjit Dhaliwal

[email protected] www.bonterraresources.com Tel: (604) 678-5308

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, and includes statements that the Company is on the verge of taking its next big step in its development and creating shareholder value, that the Company will complete further drilling on the Property, that the Company will complete a compliant resource calculation on the Property, and that the Company will develop the Property and the other properties as efficiently and quickly as possible. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information including the risk that the Company is unable to complete further drilling on the Property as planned or at all for any reason whatsoever, that a resource calculation is not completed or that a resource calculation on the Property, if any, is not compliant, and that the Company is unable to develop the Property and the other properties as planned or at all for any reason whatsoever. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

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.

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