Bonterra Energy Corp. Announces Cash Dividend for January 2012 Payable February 29, 2012

CALGARY, ALBERTA--(Marketwire - Feb. 2, 2012) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the January 2012 monthly cash dividend will be $0.26 per share and will be paid on February 29, 2012. The record date for the dividend is February 15, 2012, and the ex-dividend date is February 13, 2012. The dividend is paid monthly and is subject to commodity prices and production levels.

The dividend is considered an "eligible dividend" for tax purposes.

Bonterra is also pleased to announce that Mr. Brad A. Curtis has been promoted to Vice President, Business Development. Mr. Curtis has a Bachelor of Science degree in Geology (member of APEGGA) from the University of Calgary and a Bachelor of Commerce degree from the University of Alberta. Mr. Curtis has held various positions with Bonterra since 2005.

Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on The Toronto Stock Exchange under the symbol "BNE".