Bonterra drills 1.7 m of 18.26 g/t Au at Gladiator

Three primary zones of mineralization are interpreted at Gladiator -- the North, Main and Barbeau zones. The North and Main zones are quartz vein mineralization hosted by steeply south-southeast-dipping shear zones which have developed at the contacts of a gabbroic and felsic dikes with mafic and intermediate volcanic rocks. The Barbeau zone consists of quartz vein mineralization hosted by a shear zone which dips moderately to the north and is correlated with offset of the gabbroic and felsic dikes. A number of less well-defined zones have been interpreted with orientations similar to the Barbeau zone and similar to the North and Main zones.

The five holes completed were drilled in a north-to-south direction and planned to intersect the North and Main zones near surface and further downhole to intersect targeted north dipping zones. Significant intercepts are presented in the attached table. Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North zone and an intersection of 22.59 g/t Au over an intersection length of one m (estimated true width of 0.5 m) on the Main zone. The north-dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of one m.

Greg Gibson, president and chief executive officer of the company, commented: "We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north-dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the COVID-19 virus have been lifted."

Analyses and quality assurance/quality control (QA/QC)

Gold analyses of Gladiator drill core are completed at the Bachelor Mine assay laboratory. The company employs an industry-standard QA/QC program that includes duplicate analyses from pulp and coarse rejects and the use of certified reference materials (CRM) and blanks. Check assays on a minimum of 10 per cent of the samples are completed at ALS Laboratories in Val d'Or.

Boris Artinian, professional geoscientist and chief geologist for the company, supervises all exploration activities on the Gladiator project. Mr. Artinian is a qualified person as defined by National Instrument 43-101. Jamie Lavigne, professional geoscientist and vice-president of exploration for the company, has approved the information contained in this release. Mr. Lavigne is a qualified person as defined by NI 43-101.