Bonterra Energy Corp. (TSX:BNE) (Bonterra) and Spartan Oil Corp. (Spartan)
announce they will host a conference call and webcast on December 17, 2012 at
8:30 a.m. Mountain Standard Time (10:30 a.m. Eastern Standard Time) to discuss
the Definitive Agreement whereby Bonterra has agreed to acquire all of the
issued and outstanding common shares of Spartan and address investor questions.


Conference Call Details:



Date: Monday, December 17, 2012                                             
Time: 8:30 a.m. MST (10:30 a.m. EST)                                        
Dial-in: 416-340-2216 or toll free in North America 1-866-226-1792          
Webcast: http://www.gowebcasting.com/4037                                   



An archived recording of the conference call will be available until December
24, 2012 by dialing toll-free 1-800-408-3053 (Toronto local dial 905-694-9451)
and entering pass code 1312324. The conference call will also be archived on the
Bonterra website at www.bonterraenergy.com.


Through the combination, Bonterra and Spartan will hold an enviable suite of
light-oil assets concentrated in the Pembina region, which will be comprised of
a complimentary production base and a long-term inventory of drilling
opportunities that is anticipated to drive future growth. Bonterra, as
demonstrated by its past track record of increasing dividends and year-over-year
growth on a per share basis, has shown a strong ability to manage Pembina
Cardium assets to provide measured production growth while providing a
sustainable dividend to its shareholders. Bonterra's common shares are traded on
the Toronto Stock Exchange under the symbol BNE. 


For further information about Bonterra, please visit our website at
www.bonterraenergy.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bonterra Energy Corp.
George F. Fink
Chairman and CEO
(403) 262-5307
(403) 265-7488 (FAX)


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


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