Bonterra Increases Stake in First Gold Camp

BONTERRA RESOURCES INC.

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

TSX.V SYMBOL – BTR

BONTERRA INCREASES STAKE IN FIRST GOLD CAMP

Vancouver, BC – November 2, 2010: BonTerra Resources Inc. (BTR: TSXV) (the “Company”) announces that it has entered into an option agreement with an arm's length vendor to acquire a 100-per-cent interest in a property package which is within the claim group and adjacent to First Gold Exploration Inc.’s ("First Gold") Pivert/Rose property.

The 40 claims total approximately 2,063 hectares and are contiguous to First Gold's (EFG:TSX.V) Pivert/Rose property, bordering on the southeast ad in the general area of First Gold’s recent drill results. The claims cover the same general geology as ground owned by First Gold as outlined on the GESTIM on-line staking service.

President, Mitchell Adam states, “We very pleased to have increased our property portfolio in a region that has garnered much recent market attention in the very hot rare earth elements and lithium market. We now have assembled a very sizable Quebec portfolio with the addition of these claims. It is a perfect fit to the claims which were already acquired from Terrax last March and border to the West of the Pivert Rose discovery. We intend to simultaneously drill the Urban Barry property while we develop a program for this exciting new property.”

Terms of the transaction are as follows:

-Paying the Optionor $25,000 on the Closing Date;

-Paying the Optionor $25,000 on the date that is twelve (12) months from the Closing Date; -Issuing the Optionor 2,000,000 Common Shares on the Closing Date;

-Issuing the Optionor an additional 1,000,000 Common Shares within twelve (12) months from the Closing Date;

-Incurring $250,000 in Exploration Expenditures prior to the date that is twelve (12) months from the Closing Date; and -Incurring $250,000 in Exploration Expenditures prior to the date that is twenty-four (24) months from the Closing Date.

The property is subject to a 2% NSR of which 1% can be purchased back by the Company for $1,000,000.

The forgoing is all subject to the prior approval of the TSX Venture Exchange.

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.