Bonterra Resources Inc. announced that Allan Folk has resigned as a Director of the Company, effective immediately. In addition, Bonterra announced the appointment of Peter O'Malley as an independent non-executive Director of the Company, effective immediately. He worked at Credit Suisse First Boston for some 13 years in New York and Johannesburg. He eventually moved to Deutsche Bank and was named Head of Natural Resources Investment Banking Asia-Pacific based in Hong Kong. He lived in Hong Kong for 8-years and has an in depth understanding of China's role in the natural resources sector and in Africa in particular.