Bonterra Oil & Gas Ltd. Announces Cash Dividend for February Payable March 31, 2009

    CALGARY, March 5 /CNW/ - Bonterra Oil & Gas Ltd. (www.bonterraenergy.com)
(TSX: BNE) announces that the February monthly cash dividend will be $0.12 per
share and will be paid on March 31, 2009. The record date for the dividend is
March 16, 2009, and the ex-dividend date is March 12, 2009.

    Bonterra Oil & Gas Ltd. 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".

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For further information:
For further information: George F. Fink, CEO or Garth E. Schultz, Vice
President - Finance, and CFO or Kirsten Kulyk, Manager, Investor Relations,
Telephone: (403) 262-5307, Fax: (403) 265-7488, Email:
info@bonterraenergy.com