CALGARY, Aug. 5 /CNW/ - Bonterra Oil & Gas Ltd. (www.bonterraenergy.com) (TSX: BNE) announces that the July monthly cash dividend will be $0.14 per share and will be paid on August 31, 2009. The record date for the dividend is August 14, 2009, and the ex-dividend date is August 12, 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".

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