BonTerra Announces Closing of 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 February 16, 2012
wherein the Company announced that it arranged a non-brokered private placement
of up to 6,666,666 units of the Company (the "Units"), it has today completed
the closing of a non-brokered private placement of 7,710,330 Units at $0.15 per
Unit for a total gross proceeds of $1,156,549. The private placement has been
oversubscribed by 1,043,664 Units and $156,549. Each Unit consists of one common
share and one common share purchase warrant, with each warrant entitling the
holder to acquire an additional common share at an exercise price of $0.20 per
common share for a period of two years from the closing date. 


In connection with the private placement, the Company paid aggregate cash
commissions of $49,800 and issued 150,666 finder's warrants, with each finder's
warrant exercisable into one common share at a price of $0.20 per share for a
period of two years. 


All securities issued in connection with the closing of the offering are subject
to a restricted period that expires July 13, 2012 in accordance with applicable
securities laws.


ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

Navjit Dhaliwal, President, Director

BonTerra Resources (TSXV:BTR)
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