All directors of Bonterra Corp. are nominated by the shareholders at each annual meeting. All directors serve until the next annual meeting or until a successor is elected or appointed. The name, municipality of residence, principal occupation for the past five years and year of appointment as a director are set forth below:
| Name and Municipality of residence | Position | Since | Principal Occupation for Past Five Years |
| Gary J. Drummond(1)(2) Nassau, Bahamas |
Director | August 1999 | Mr. Drummond is a private investor and a director of several entities including Comaplex Minerals Corp. and Pine Cliff Energy Ltd. and a Trustee for Heating Oil Partners Income Fund. |
| George F. Fink Calgary, Alberta |
CEO and Chairman |
January 1981 | Bachelor of Commerce degree. Chartered Accountant. Engaged part time as the President, CEO and a director of Comaplex Minerals Corp., Pine Cliff Energy Ltd. and First National AlarmCap Income Fund. |
| Carl R. Jonsson(1)(2) Vancouver, B.C. |
Director | January 1981 | Lawyer and Principal with the Vancouver law firm of Tupper, Jonsson & Yeadon. Also a director of Comaplex Minerals Corp., Pine Cliff Energy Ltd., Caledonia Mining Corp., Comet Industries Ltd., Acrex Ventures Ltd., Dolly Varden Resources Inc., Alder Resources Ltd. and Astorius Resources Ltd. |
| F.W. Woodward(1)(2) Calgary, Alberta |
Director | January 1981 | Private investor. Mr. Woodward is a director of Comaplex Minerals Corp. and Pine Cliff Energy Ltd. |
Notes:
(1) Member of the Director Affairs Committee.
(2) Member of the Audit Committee. Chaired by F.W. Woodward.
The Executive, Compensation and Reserve committees consist of all four board members.