CALGARY, ALBERTA--(Marketwire - April 3, 2012) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the March 2012 monthly cash dividend will be $0.26 per share and will be paid on April 30, 2012. The record date for the dividend is April 16, 2012, and the ex-dividend date is April 12, 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".

Bonterra Energy Corp.
George F. Fink
CEO
(403) 262-5307
(403) 265-7488 (FAX)

Bonterra Energy Corp.
Robb D. Thompson
CFO
(403) 262-5307
(403) 265-7488 (FAX)

Bonterra Energy Corp.
Kirsten Kulyk
Manager, Investor Relations
(403) 262-5307
(403) 265-7488 (FAX)
info@bonterraenergy.com
www.bonterraenergy.com