Bonterra Energy Corp. Announces Cash Dividend for December Payable January
29, 2010

CALGARY , Jan. 5 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) announces that the December monthly cash dividend will be $0.18 per share (a two cent increase from the previous month) and will be paid on January 29, 2010 . The record date for the dividend is January 15, 2010 , and the ex-dividend date is January 13, 2010 . 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".

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For further information: George F. Fink, CEO or Garth E. Schultz, Vice President - Finance, and CFO or Kirsten Kulyk, Manager, Investor Relations, Telephone: [phone], Fax: [phone], Email: [email protected]