Bonterra repays C$5 million credit facility

Val-d'Or, Quebec--(Newsfile Corp. - September 2, 2026) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (" Bonterra " or the " Company ") is pleased to announce that it has fully repaid a non-revolving credit facility in the principal amount of C$5,000,000 (the " Credit Facility ") originally advanced under a credit agreement dated March 23, 2026 (the " Credit Agreement ") with Wexford Capital LP (" Wexford Capital "), a Delaware limited partnership and an insider of the Company, as agent (the " Agent "), and certain affiliates of Wexford Capital as lenders (the " Lenders "). The full principal amount of C$5,000,000 was made available to the Company by way of a single advance. Pursuant to the terms of the Credit Agreement, the Credit Facility bore interest at a rate per annum equal to 8.00% plus the Secured Overnight Financing Rate term rate applicable to the six-month period commencing on the closing date and ending on the maturity date of September 23, 2026 (the " Maturity Date "). Together with the principal amount of the Credit Facility, accrued interest, and the payment of the Commitment Fee (as defined herein), the Company paid an aggregate total of C$5,361,469.86.

As described under the Company's news release dated March 23, 2026, interest accrued under the Credit Facility was payable in arrears on the date that is six months from the closing date and, at the Agent's option, may be paid in cash or in common shares of the Company (" Share s"). The accrued interest was fully repaid in cash, and no Shares were issued pursuant to the repayment of the Credit Facility.

In consideration of the Lenders arranging and establishing the Credit Facility and the Agent agreeing to act as agent, the Company paid to the Agent a commitment fee of C$100,000 (the " Commitment Fee "). The Agent had the option to have the Commitment Fee paid in cash or in Shares and elected to have the fee paid in cash.

The proceeds under the Credit Facility were used by the Company for the purposes of: (i) indemnifying or reimbursing its shareholders who participated in the flow-through private placements completed on December 13, 2019 and October 21, 2021, for taxes imposed prior to the closing date in connection with flow-through share offerings of the Company; and (ii) funding eligible exploration and development expenditures on the Desmaraisville property required to satisfy the Company's renunciation commitments under applicable flow-through share subscription agreements. The Company repaid the Credit Facility through funds raised in the Company's rights offering (as previously disclosed in the Company's news release dated August 31, 2026).

FOR ADDITIONAL INFORMATION

Cesar Gonzalez, Executive Chairman & Interim CEO ir@btrgold.com

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

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312567

TMX Newsfile

September 2, 2026 - 4:30 AM PDT

News by QuoteMedia

www.quotemedia.com