CALGARY, April 1 /CNW/ - Bonterra Energy Income Trust ("Bonterra or "the
Trust") (www.bonterraenergy.com) (TSX: BNE.UN) is pleased to announce its
distribution to Unitholders for the month of March 2008. The record date for
the distribution is April 15, 2008, and the ex-distribution date is April 11,
2008. The distribution will be made on April 30, 2008.
    The Trust is increasing its distribution for the second time in 2008. The
distribution will increase to $0.25 per Unit from $0.23 in February and $0.22
in January. The increase is necessary because of higher production volumes and
higher commodity prices. Bonterra's objective is to distribute between 75 and
80 percent of its annual adjusted distribution base (formally "funds flow from
operations").
    The $0.25 monthly distribution is presently expected to be sustainable as
long as prices average $85 Cdn. per barrel of crude oil, $7.50 Cdn. per MCF
for natural gas and a sustained production rate of 4,450 BOE's per day.
Bonterra's wells have a low production decline rate of approximately 9 percent
and the Trust is therefore able to distribute a larger percentage of its
adjusted distribution base and still be able to modestly increase its reserves
and production rates on a per Unit basis. This can be accomplished while still
maintaining a debt to annual adjusted distribution base of less than one year.

    Bonterra is a conventional oil and gas royalty trust with operations in
Alberta and Saskatchewan. Its units are listed on The Toronto Stock Exchange
under the symbol "BNE.UN".

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