Bonterra Resources Inc. Corporate Presentation

BTR:TSX-V BONXF:OTCQX 9BR1:FSE
ADVANCING THE
GLADIATOR GOLD PROJECT
One of the Highest Grade Gold Development Projects in Canada

This presentation contains certain statements that may be deemed “forward-looking statements”. All
statements, other than statements of historical fact, that address events or developments that Bonterra
Resources Inc. expects to occur, are forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, but not always
identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,
“potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or
“should” occur.
Although Bonterra Resources believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking statements include market
prices, exploration and production successes or failures, continued availability of capital and financing,
inability to obtain required shareholder or regulatory approvals, and general economic market or
business conditions.
Forward-looking statements are based on the beliefs, estimates and opinions of Bonterra’s management
on the date the statements are made.
Dale Ginn, P.Geo. has approved the information contained in this presentation. Mr. Ginn is a Director and
Vice President of Exploration with the Company and is a Qualified Person as defined by NI 43-101.
Forward Looking Statements
2

Investment Highlights
3
Defining a Multi-Million Ounce, High Grade Gold Resource, in
the Prolific Abitibi Gold Belt in Quebec, Canada
Gladiator Deposit: Well-Understood Geologic Model
Quebec: World’s Leading Mining Jurisdiction
Near-Term Catalyst: Drilling & Resource Updates
Management Team: Extensive Experience in Technical and
Capital Markets

Strategy forValue Creation
4
*
*
Bonterra’s Objective
• Define a Multi-Million Ounce, High Grade Gold Resource at its 100% Controlled Gladiator Gold Deposit in the
Prolific Abitibi Gold Belt in Quebec
Strategy for Value Creation
• Execute Resource Development Program (ongoing)
• Recently discovered multiple, subparallel high grade vein structures
• Aggressive, 6-drill, 70,000 m drill program ongoing focused on extension and definition of known
mineralization
• Gladiator structures remain wide open for expansion in all directions
• Update Resource Estimate (Q4 2018)
• 2012 resource based on 15,600 m drilling
• Have already completed more than additional 130,000 m of drilling since 2012
• Drilled dimensions of the Gladiator Deposit currently outlined over 1,200 m strike and to 1,100 m depth
• Realize Value from Regional Exploration (2018+)
• 10,541 ha underexplored property package in the heart of the Abitibi
• Numerous exploration and drill ready priority targets identified
1
2
3

Management
5
Allan J. Folk
Director
Over 35 years of extensive leadership experience in the Canadian
mining finance industry. Currently Vice President of Brant Securities Ltd.
Richard Boulay
B.Sc., Director
Over 40 years of experience in the exploration and mining industries in
Canada and internationally, including 15 years of mining and
infrastructure financing experience gained with Bank of Montreal, Royal
Bank of Canada and Bank of Tokyo.
Bob Gagnon
P.Geo., Director
Over 10 years of experience as a professional geologist, holding
positions as Ordre des géologues du Québec, Board of Directors of the
Quebec Mineral Exploration Association, President of the Association
des prospecteurs du Nord du Québec (circa 2012).
Nav Dhaliwal
President, Chief Executive Officer & Director
20 years of leadership and entrepreneurial experience, as well as
in corporate and business development. Successful startup and
financing expert in numerous active junior resource companies.
Dale Ginn
P.Geo., VP Exploration & Director
Geologist with 30 years of experience in exploration and mining.
Led and participated in numerous discoveries and startups.
Senior positions with Sprott Mining, Jerritt Canyon, San Gold,
Harmony Gold, Hudbay, Westmin, Goldcorp.
Peter A. Ball
VP Operations
Mining professional with 25 years in mining engineering,
corporate finance, business development and marketing roles in
various management and senior executive roles for numerous
mining companies. Mr. Ball currently serves as a Director for
several publicly listed companies.
Joseph Meagher
Chief Financial Officer & Director
Chartered Professional Accountant (CPA, CA) since 2008, and
obtained the Chartered Director (C.Dir.) designation from The
Directors College in 2017. Mr. Meagher currently serves as the
Chief Financial Officer and a Director for several publicly listed
companies.

Gladiator Gold Project - Located in
World Class Abitibi Gold Belt
7
*
*

Gladiator Gold Project - Urban-Barry
Exploration Camp
7

BTR:TSX-V BONXF:OTCQX 9BR1:FSE 8
Bachelor Mill
The only mill in the heart of the Urban Barry Camp
GLADIATOR DEPOSIT
273,000 oz
510,000 oz
OSBORNE-BELL
2.8 Moz
WINDFALL LAKE
37,300 oz
MORONO
101,000 oz
MACHO RIVER
82,300 oz
LAC SHORT
24,000 oz
GANDEX
45,000 oz
MARIPOSITE
64,800 oz
FENTON LAKE SOUTH
42,800 oz
TOUSSAINT
28,000 oz
CARTHWRIGHT
531,500 oz
DISCOVERY
303,700 oz
FLORDIN
6,700 oz
LAC ROSE
BACHELOR 433,000 oz
MONSTER LAKE
TWO LIONS
133,100 oz
BARRY DEPOSIT
304,000 oz

Gladiator Gold Deposit
9
*
*
Gladiator Gold Deposit:
• Drilled dimensions of the Gladiator Deposit are
currently outlined to a depth of 1,100 m below
surface, and a strike length of 1,200 m
• To date, more than 145,000 m drilled
• Deposit extension and resource expansion
underway utilizing minimum of six drill rigs with
>70,000 m planned in 2018
• Gladiator remains open in all directions with
drilling currently focused on the Rivage Gap
western side, new north and south veins infill
• At least six distinct subparallel zones or
mineralized horizons have been identified
• Updated NI 43-101 Mineral Resource Estimate in
Q4 2018

10BTR:TSX-V BONXF:OTCQX 9BR1:FSE
Drilled dimensions of the Gladiator Deposit now
outlined to a strike length of 1200 m and depth of
+1100 m.
Gladiator remains open in all directions with drilling
currently focused on the Rivage Gap and new North
and South Zones.

Gladiator Gold Deposit - North Zone
July 2018
11

Gladiator Gold Deposit - Footwall Zone
July 2018
12

Gladiator Gold Deposit - Main Zone
July 2018
13

Gladiator Gold Deposit - South Zone
July 2018
14

Gladiator Gold Deposit – Level Plan
15
High Grade Vein System
• Multiple vein sets – 6 identified to date
• Open along strike and at depth
• High grades and mineable thicknesses
• Steeply dipping, sharp contacts, excellent core
recovery and ground conditions

Hole #
Length*
(m)
Grade
(g/t Au)
BA-17-45 3.3 15.8
BA-17-46 2.7 12.4
and 3.1 26.7
BA-17-45 3.3 15.8
BA-18-04 6.5 16.9
BA-18-05 3.1 9.3
BA-18-08 3.0 17.8
BA-18-09 2.6 11.8
BA-18-10A 2.2 16.5
BA-18-11 2.4 10.1
BA-18-12 3.4 16.3
BA-18-22A 1.2 19.8
BA-18-25 2.8 34.3
BA-18-30 5.0 24.3
BA-18-31 2.5 13.2
BA-18-34 3.0 44.9
BA-18-39 1.5 19.8
and 2.0 30.5
BA-18-42 2.0 18.7
2016 -2018 Drill Program Highlights
16
Hole #
Length*
(m)
Grade
(g/t Au)
BA-16-02 5.0 15.3
BA-16-03 5.0 9.0
BA-16-04 6.0 10.4
BA-16-05 3.3 29.0
BA-16-07 3.0 20.7
BA-16-09 5.7 24.3
BA-16-10 3.0 27.5
BA-16-11 1.7 13.6
BA-16-14 3.5 12.0
BA-16-17 3.0 15.0
BA-16-19 2.5 137.4
BA-16-26 1.0 19.6
BA-16-38 4.0 12.4
BA-16-39 5.5 70.0
BA-16-40 2.0 64.3
BA-16-48 3.8 16.8
BA-17-01 8.5 15.7
and 5.0 20.7
BA-17-04 4.2 9.5
Hole #
Length*
(m)
Grade
(g/t Au)
BA-17-04 4.0 10.0
BA-17-05 5.0 23.6
and 6.0 41.0
including 1.6 147.9
BA-17-07 3.0 12.0
BA-17-10 3.5 8.4
BA-17-11 3.6 12.7
BA-17-15 4.0 9.1
BA-17-21 3.0 21.6
BA-17-22 3.8 11.9
BA-17-23 3.0 10.1
BA-17-36 2.0 14.0
BA-17-36 2.0 11.2
BA-17-38 9.4 8.2
BA-17-39B 5.0 11.5
BA-17-40A 1.9 22.2
BA-17-42 3.0 9.6
BA-17-42A 4.0 18.5
BA-17-44 3.2 11.9
Most drilling is now encountering multiple intersections, usually in veins and alteration at or near felsic-mafic contacts.

Gladiator Deposit Drilling
Original Mineral Resource
Estimate based on 15,600 m
from drilling completed in 2010
& 2011
Update Mineral Resource
Estimate with >130,000 m
of cumulative new drilling in
2018
17
Additional 83,000 m drilled
between 2012-2017 and
at over 45,000 m completed
in 1H-2018

Peer Comparison: High Grade Developers
18
*
*
10.7
9.7
8.9
8.4 8.3 8.0 8.0
6.2
5.7
2.4 2.4
1.5
Curraghinalt,
Dalradian
Gladiator,
Bonterra
Madsen,
Pure Gold
Red Mountain,
IDM Mining
Fruta Del Norte,
Lundin Gold
Sugar Zone,
Harte Gold
Windfall,
Osisko Mining
Back River,
Sabina
Committee Bay,
Auryn
Val d’Or East,
Probe
Cariboo,
Barkerville
Horne,
Falco
Resource Grade (g/t)
Source: Company Reports as of April 10, 2018
High-grade development
stories in friendly jurisdictions
are becoming increasingly rare
Gladiator remains open
in all directions with
6 sub-parallel zones
recently discovered
Holds one of the highest
resources grades amongst
peers – with >70,000m of
drilling planned for 2018

Gladiator Preliminary Metallurgy
19
Test Size
Feed
Grade
(g/t Au)
Knelson Tails
(%)
Pan Tails
(%)
Pan Concentrate
(%)
Pan Concentrate
(g/t Au)
1 169 m K80 9.19 20.0 11.7 68.3 3,627
2 136 m K80 9.86 13.6 11.9 74.5 4,437
3 83 m K80 8.70 13.0 10.8 76.1 6,461
Test Size
Feed
Grade
(g/t Au)
Gravity Recovery
Distribution %
Rougher Recovery
Distribution %
Total Recovery -
Distribution %
Au S Au S Au S
4 169 m K80 10.0 73.0 18.8 23.5 72.0 96.5 90.8
5 136 m K80 8.00 70.9 17.1 26.0 73.9 96.8 91.0
6 83 m K80 8.28 73.8 13.0 23.5 78.5 97.3 88.2
Test Size
Leach Feed
(Gravity Tails)
Au Recovery
Gravity
(%)
Leach Extraction
(%)
Au Recovery
Gravity Tails
(%)
Au Recovery
Total
(%)
7 169 m K80 Test 1 68.3 30.7 30.7 99.0
8 136 m K80 Test 2 74.5 24.9 24.9 99.4
9 83 m K80 Test 3 76.1 23.1 23.1 99.2
Results of the Flotation concentration gold recovery tests are summarized below:
Results of the Gravity concentration gold recovery tests are summarized below:
Results of the Cyanide concentration gold recovery tests are summarized below:
• Average >70% of the
gold reported to the
Gravity circuit at all
grinding test sizes.
 Feed Grade samples in
the metallurgical testing
averaged higher than the
assays grades received
from the drill holes.
 A cyanide leaching
circuit may not be
required, noting the high
recovery of the gold
from the gravity-tail
flotation tests.
 Gravity and gravity-cyanide tests resulted in significant gold recoveries of 99.0% to 99.4%.
 Gravity and gravity-tail flotation tests resulted in significant gold recoveries of 96.8% to 97.3%.
 Gravity concentrate recoveries, ranging from 68.3% to 76.1%; average of Bonterra’s industry peers ranges
from 20-35%.

Gladiator Gold - 2018 Exploration Program
20
St. Cyr
2018 Drill Target
Coliseum West
2018 Drill Target
Duke Option
Two Lions Zone
BTR:TSX-V BONXF:US 9BR1: FSE
• Extensive, 14,131-hectare property in the
under explored Urban-Barry gold camp.
• Exploration activities completed in 2017 have identified multiple
target areas east and west of the Gladiator Gold Deposit.

Going Forward
21
Gladiator Gold Project:
• Current ongoing drill program to focus on the
extension and definition of the Gladiator Gold
Deposit
• Drill test multiple targets within our claim boundary
for further potential discoveries
• Complete at least 70,000 m in 2018
• Conduct preliminary metallurgical sampling and
testing
• Update NI 43-101 Mineral Resource Estimate in Q4
2018

Larder Lake Project, Ontario
22
• The Larder Lake Property hosts the Bear,
Cheminis and Fernland gold deposits that
extend along 10 km of the Cadillac-Larder
break between Kirkland Lake and Virginiatown.
• Strategic land position along prolific
Cadillac/Larder Break, located 7 km west of
the Kerr Addison Mine, which produced 11
million ounces of gold.
• Extensive infrastructure and access (highway
and power).
• Gained $7m in new work and database from
previous option by Goldfields. 25,000 m
drilling post tech report.
• Purchased by Bonterra in 2016 at approx. $4
per oz.
*2011 Total Resource Estimate @ 2.5 g/t Au Cut-Off Utilizing Gold Price of US$1,207/oz
Classification Tonnes Grade (Au g/t) Contained Ounces Au
Indicated 335,000 4.07 43,800
Inferred 5,141,000 5.55 917,000
August 15, 2011 – P&E Mining Consultants NI 43-101 Technical Report
Disclosure of Historical Estimates*: The Larder Lake Project contains a historical resource estimate with an effective date of June 15, 2011 (report dated August 15, 2011) by P&E Mining
Consultants Inc. titled “43-101 Technical Report and Updated Resource Estimates on the Larder Lake Property, Larder Lake, Ontario for Bear Lake Gold Ltd.” BonTerra considers this
resource estimate to be historical; it has not independently verified it, and therefore it should not be considered a current resource. A qualified person has not done sufficient work to
classify the historical estimate as current mineral resources or mineral reserves, and BonTerra is not treating the historical estimate as current mineral resources.

Larder Project – General Long Section looking
north
23
600000mE
Fernland Cheminis Bear Lake
~4km
1
3
5
7
>10
Open Down Plunge
and Dip
Open Down Plunge
and Dip
Open Down Plunge
and Dip
-1000 metres
598000mE
599000mE
601000mE
SECTION900
GF12-140
6.44 gpt Au/4m
GF12-142
2.71 gpt Au/4m
GF12-127
4.16 gpt Au/4m
GF12-110
3.19 gpt Au/3m
GF12--141
4.35 gpt Au/3m
GF12-115
3.9 gpt Au/3.8m
GF12-118
2.9 gpt Au/8.7m
GF12-124
2.95 gpt Au/9.8m
GF12-111
4.18 gpt Au/3.5m
GF12-132
6.73 gpt Au/3.05m
GF12-114
1.92 gpt Au/5.93m
GF12-113
3.87 gpt Au/3.39m
GF12-121
2.28 gpt Au/2.69m
BLG-10-79
6.7 gpt Au/6.8m
BLG-12-108
5.36 gpt Au/4.0m
NFX-08-44
13.6 gpt Au/15.1m
BLG-09-67W
22.5 gpt Au/7.9m
• Deposits are open at depth with over 100,000 metres of historical diamond drilling completed;
• Historical gold production and mine development to 1,100 feet, with two shafts and underground workings on site;
• Single 4 km deposit with structurally controlled zones vs past with fractured ownership, timing and treatment as distinct deposits.

BTR:TSX-V BONXF:OTCQX 9BR1:FSE 24
Share Capital (as at July 13, 2018)
Share Price C$0.40
52 Week High / Low C$0.72 / C$0.36
Shares Outstanding 233.9 M
Warrants 6.4 M
Options 12.2 M
Fully Diluted 252.5 M
Mkt Cap. (Basic) C$ 94 M
Cash* C$33 M
*As of our quarter end filing for period ending February 28, 2018.
2424BTR:TSX-V BONXF:OTCQX 9BR1:FSE

www.bonterraresources.com
info@bonterraresources.com
+1 604 678 5308
+1 855 678 5308
1680 – 200 Burrard Street
Vancouver, BC V6C 3L6
BTR:TSX-V BONXF:OTCQX 9BR1: FSE

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