BonTerra Announces Closing of Brokered and Non-Brokered Private Placement

BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") is
pleased to announce in furtherance to its news release dated July 6, 2011, it
has today completed the closing of a brokered and non-brokered private placement
of 4,347,826 flow-through units of the Company (the "FT Units") at $0.23 per FT
Unit and 3,331,666 non flow-through units of the Company (the "NFT Units") at
$0.15 per NFT Unit for a total gross proceeds of up to $1,499,750.


Each FT Unit consists of one common share issued on a flow-through basis and one
half of one common share purchase warrant, with each full warrant entitling the
holder to acquire an additional common share at an exercise price of $0.50 per
common share for a period of two years from the closing date.


Each NFT Unit consists of one common share issued on a non flow-through basis
and one common share purchase warrant entitling the holder to acquire an
additional common share at an exercise price of $0.25 per common share for a
period of one year from the closing date. 


In connection with the brokered private placement, the Company paid Limited
Market Dealer Inc. ("LMD") a cash finder's fee of $50,000 equal to 5% of the
gross proceeds from the brokered private placement, and granted 434,783 stock
options to LMD equal to 10% of the number of FT Units sold under the brokered
private placement (each, an "Option"). Each Option entitles LMD to purchase one
(1) unit of the Company (each, a "LMD Unit") at a price of $0.23 per LMD Unit
for a period of two years from the closing of the brokered private placement.
Each LMD Unit consists of one (1) Common Share and one half of one
non-transferable share purchase warrant (each, a "LMD Unit Warrant"). Each full
LMD Unit Warrant entitles LMD to purchase one (1) additional Common Share at a
price of $0.50 per Common Share for a period of two (2) years from the closing
of the brokered private placement.


In connection with the non-brokered private placement, the Company paid
aggregate finder's fees of $39,472.50 equal to 10% of the gross proceeds raised
by finders under the non-brokered private placement.


All securities issued in connection with the closing of the offering are subject
to a restricted period that expires November 15, 2011 in accordance with
applicable securities laws.


About MineralFields, Pathway and First Canadian Securities (R) 

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Montreal, Vancouver and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. The sector focus is on
gold and precious metals, base metals, rare earths and lithium, potash, uranium,
oil, coal and gas. Pathway Asset Management also specializes in the
manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Funds Inc. corporate-class mutual fund
series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R), and have raised over $1 billion in
their 10 year history.


A propos de MineralFields, Pathway et First Canadian Securities (R)

Le Groupe MineralFields (une filiale de Pathway Asset Management), situe a
Toronto, Montreal, Vancouver et Calgary, est un fonds minier gerant d'importants
actifs. Il propose des placements disposant d'avantages fiscaux dans des
societes en commandite de "super-accreditives" a l'attention des investisseurs
canadiens, ainsi que dans d'autres societes en commandite pour les investisseurs
internationaux. L'or et les metaux precieux, les metaux de base, les terres
rares et le lithium, la potasse, l'uranium, le petrole, le charbon et le gaz
constituent autant de secteurs cibles du Groupe. Pathway Asset Management
possede egalement une expertise dans la fabrication et la distribution de
produits structures et de fonds communs de placement (notamment les Fonds en
Structure de Capital Series Multiples Pathway Inc.). Pour plus d'informations
concernant le Groupe MineralFields, nous vous invitons a consulter leur site
internet : www.mineralfields.com. First Canadian Securities (R) (une filiale de
Limited Market Dealer Inc.) est un chef de file dans le financement des
ressources (par le biais d'accreditives et de placements prives dans le capital
de societes cotees) a des conditions competitives, efficaces et simples. Elle
offre egalement aux societes du secteur des ressources des services en
investissement d'affaires, en fusions et acquisitions et de la consultation
relative a l'industrie miniere. MineralFields et Pathway ont finance des
centaines de societes d'exploration petro-minieres et gazieres par l'entremise
de First Canadian Securities (R) et ont ainsi accumule plus d'un milliard de
dollars en l'espace de 10 annees. 


ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC. 

Mitchell Adam, President, Director
BonTerra Resources (TSXV:BTR)
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