Bonterra Oil & Gas Ltd. Announces Cash Dividend for September Payable October 30, 2009

Thu Oct 1, 8:00 AM

CALGARY, Oct. 1 /CNW/ - Bonterra Oil & Gas Ltd. (www.bonterraenergy.com) (TSX: BNE.TO) announces that the September monthly cash dividend will be $0.16 per share (a two cent increase from the previous month) and will be paid on October 30, 2009. The record date for the dividend is October 15, 2009, and the ex-dividend date is October 13, 2009. The dividend is paid monthly and is subject to commodity prices and production levels.

Bonterra Oil & Gas Ltd. 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".

Contacts

George F. Fink
CEO or Garth E. Schultz
Vice President - Finance
and CFO or Kirsten Kulyk
Manager
Investor Relations
Telephone: (403) 262-5307
Fax: (403) 265-7488
Email: info@bonterraenergy.com