BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company")
announces it has entered into an agreement with Abitex Resources Inc. ("Abitex")
to immediately acquire a 100% interest in the mineral claims in the Bailly and
Barry Townships, Quebec that are generally known as the Eastern Extension
Property (the "Property") in consideration for the issuance of 1.25 million
shares. The agreement amends the option agreement dated September 15, 2010, as
amended, (the "Option Agreement") between the Company and Abitex, and the
closing is subject only to TSX Venture Exchange approval. The Property is
subject to a 2% net smelter returns royalty, 1% of which can be purchased for
$500,000 (the "NSR").


Under the Option Agreement, and prior to the amendments, the Company was granted
the option to earn up to a 100% interest in and to the Property, subject to the
NSR, in consideration of the Company making cash payments to the Optionor
totaling $110,000, issuing to the Optionor a total of 1,350,000 shares, and
incurring a total of $750,000 in exploration expenditures on the Property over
four years. See the Company's news release dated September 16, 2010 for more
information. To date, the Company has paid $10,000, issued 500,000 shares and
incurred $750,000 in exploration expenditures with respect to the Property.


The amendments to the Option Agreement reduce the cash payment obligations by
$100,000 and increase the share issuance obligations by 400,000 shares.


Navjit Dhaliwal, President states "This is a rare opportunity for BonTerra to
reduce the cash component of the option agreement for the Eastern Extension. It
is always our goal to focus our expenditures on our ongoing drill program in
Quebec rather than elsewhere due to the high quality of the Property. BonTerra
management decided to rush the exercise of the option in order to own the
Property outright subject to the NSR. This amendment to the agreement highlights
the partnership and goodwill BonTerra has been developing with our neighbors in
the Urban-Barry gold camp, in this case Abitex Resources." 


The agreement to expedite the exercise of the option is subject to approval of
the TSX Venture Exchange. Shares issued pursuant to the agreement will be
subject to a restricted hold period expiring four months and a day after the
date of issuance in accordance with applicable securities laws. 


ON BEHALF OF THE BOARD

BONTERRA RESOURCES INC.

Navjit Dhaliwal, President, Director

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, such as the statement that the
closing of the Option Agreement may occur and that approval from the TSX Venture
Exchange may be obtained. 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 inability
to close the agreement or obtain TSX Venture Exchange approval for any reason.
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.


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