BNE Bonterra Energy Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES OF AMERICA


Bonterra Energy Corp. (Bonterra) (www.bonterraenergy.com) (TSX:BNE) announces
that it has entered into an agreement with a syndicate of Underwriters pursuant
to which the Underwriters have agreed to purchase on a bought deal basis 481,500
common shares at a price of $49.85 per Common Share (the "Issue Price") for
aggregate gross proceeds of approximately $24 million (the "Offering"). 


The net proceeds of the Offering will be used to increase Bonterra's capital
expenditure program to further develop and exploit its Cardium properties, and
for general corporate purposes.


The Offering is being made by a syndicate of underwriters led by FirstEnergy
Capital Corp. (the "Underwriters"). Bonterra has granted the Underwriters an
option (the "Over-Allotment Option") to purchase up to an additional 72,225
Common Shares at the Issue Price to cover over-allotments, if any, for
additional gross proceeds of approximately $3.6 million. The Over-Allotment
Option is exercisable in whole or in part at any time until 30 days after the
closing of the Offering. Prior to this Offering, Bonterra had approximately
30,620,946 common shares outstanding. 


Pursuant to the Offering, the Common Shares will be offered in the provinces of
Alberta, British Columbia, Manitoba, Ontario and Saskatchewan, by way of a short
form prospectus and by way of private placement in the United States pursuant to
exemptions from the registration requirements pursuant to Rule 144A and/or
Regulation D of the United States Securities Act of 1933.


Closing of the Offering is expected to occur on or about July 2, 2013. The
Offering is subject to certain customary conditions including, but not limited
to, the receipt of all necessary approvals including the approval of the TSX. 


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".


Forward Looking Information

This press release contains certain statements or disclosures relating to
Bonterra that are based on the expectations of Bonterra as well as assumptions
made by and information currently available to Bonterra which may constitute
forward-looking information under applicable securities laws. In particular,
this press release contains forward-looking information related to the closing
date of the Offering and the anticipated use of net proceeds. Such forward
looking information involves material assumptions and known and unknown risks
and uncertainties, certain of which are beyond Bonterra's control. Many factors
could cause the performance or achievement by Bonterra to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward looking information. Bonterra's Annual
Information Form and other documents filed with securities regulatory
authorities (accessible through the SEDAR website at www.sedar.com) describe the
risks, material assumptions and other factors that could influence actual
results and which are incorporated herein by reference. Bonterra disclaims any
intention or obligation to publicly update or revise any forward looking
information, whether as a result of new information, future events or otherwise,
except as may be expressly required by applicable securities laws.


This news release does not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction. This news release is not an
offer for sale within the United States of any Common Shares or other securities
of Bonterra. Any offering of securities of Bonterra will not be registered under
the U.S. Securities Act and may not be offered or sold in the United States
absent registration under U.S. securities laws or an applicable exemption from
registration under such laws. These securities may not be sold in any state in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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 Lankester
Manager, Investor Relations
(403) 262-5307
(403) 265-7488 (FAX)
info@bonterraenergy.com
www.bonterraenergy.com

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