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 closed its recently announced bought deal financing of 553,725
common shares ("Common Shares"), which includes the exercise in full of the
over-allotment option of 72,225 Common Shares, at $49.85 per Common Share for
aggregate gross proceeds of approximately $27.6 million (the "Financing"). The
syndicate of underwriters was led by FirstEnergy Capital Corp. and included
AltaCorp Capital Inc., CIBC World Markets Inc., Clarus Securities Inc., Scotia
Capital Inc., TD Securities Inc., Paradigm Capital Inc., Haywood Securities Inc.
and National Bank Financial Inc.


The net proceeds of the Financing are expected to be used to temporarily reduce
indebtedness under the Corporation's credit facilities, which facilities will be
subsequently redrawn and applied as needed to continue the development and
exploitation of Bonterra's Cardium properties and for general corporate
purposes.


Bonterra Energy Corp. is a conventional oil and gas corporation with operations
in Alberta, Saskatchewan and British Columbia. The Common 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
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 use of net
proceeds of the Financing by Bonterra to be materially different from the
anticipated use 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 of Bonterra and accordingly the use of such net proceeds, 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)
info@bonterraenergy.com


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


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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