CALGARY, ALBERTA--(Marketwire - Nov. 1, 2012) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the October 2012 monthly cash dividend will be $0.26 per share and will be paid on November 30, 2012. The record date for the dividend is November 15, 2012, and the ex-dividend date is November 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 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".