CALGARY, ALBERTA--(Marketwire - Jan. 5, 2011) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the December 2010 monthly cash dividend will be $0.24 per share (a two cent increase from the previous month) and will be paid on January 31, 2011. The record date for the dividend is January 14, 2011, and the ex-dividend date is January 12, 2011. 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".