CALGARY, June 26 /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 June 2008. The record date for
the distribution is July 15, 2008, and the ex-distribution date is July 11,
2008. The distribution will be made on July 31, 2008.
    The distribution will increase to $0.32 per trust unit from $0.27 per
trust unit last month. This is the fourth distribution increase in 2008 and
represents an increase of 45 percent from the December, 2007 distribution of
$0.22 per trust unit. This increase is mainly attributable to 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") to
unitholders. Bonterra's high-quality asset base and low production decline
rates permit the trust 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.
    The $0.32 monthly distribution represents 75 percent of the estimated
adjusted distribution base and should be sustainable as long as prices average
$115 Cdn per barrel of crude oil, $9.50 Cdn per MCF for natural gas and a
sustained production rate of 4,450 BOEs per day.

    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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