Champion Iron Limited press release

Bonterra Announces the Voting Results from Annual General Meeting of Shareholders

2021-06-16

TSX - Toronto Stock Exchange · Iron · Aluminium · Manganese · Copper · Zinc · Australia · Management & Governance

Val-d'Or, Quebec--(Newsfile Corp. - June 16, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") announces that its annual general meeting of shareholders (the "Meeting") was held on Tuesday, June 15, 2021. All matters presented for approval at the Meeting were duly authorized and approved, including each of the six nominees proposed as directors, pursuant to the Company's management proxy circular dated May 11, 2021, were elected as directors. The directors achieved an average approval vote of 94% from shareholders. The detailed results of the vote are set out below:

| Nominee | Outcome of Vote | Voted | Voted (%) | | Cesar Gonzalez | Approved | For: 47,694,772 Withhold: 6,162,488 | 88.6% 11.4% | | Matthew Happyjack | Approved | For: 52,815,746 Withhold: 1,041,514 | 98.1% 1.9% | | Normand Champigny | Approved | For: 53,800,766 Withhold: 56,494 | 99.9% 0.1% | | Akiba Leisman | Approved | For: 42,879,557 Withhold: 10,977,703 | 79.6% 20.4% | | Peter O'Malley | Approved | For: 52,756,287 Withhold: 1,100,973 | 98.0% 2.0% | | Jean Rainville | Approved | For: 53,731,566 Withhold: 125,694 | 99.8% 0.2% |

FOR ADDITIONAL INFORMATION

Pascal Hamelin, President & CEO ir@btrgold.com

2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9 819-825-8678 | Website: www.btrgold.com

Neither the 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.

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