BNK Petroleum Inc's European Holdings Grow to 2.1 Million Gross Acres

Calgary (ots/PRNewswire) - BNK Petroleum Inc. ("BNK" or the
"Company") is pleased to announce that it has been awarded two
additional oil and gas concessions, which total approximately 770,000
acres net to BNK. These concessions were granted in a European Union
Country and bring BNK's total gross land acquisitions in Europe to
2.1 million acres. This provides further diversification by spreading
the Company's projects across 4 basins. The Company's strategy to
evaluate acreage and deploy license applications throughout Europe
continues to make progress. The Company anticipates spudding its
first European operated well during the second quarter.

In accordance with the granting of these latest concessions,
certain minimum requirements must be fulfilled by BNK to retain its
interest. Some of the more significant minimum requirements consist
of conducting geological work in the first year, acquiring seismic in
the second year, drilling one vertical well in both years three and
four, and the drilling of one horizontal well in year five within
each concession area.

In BNK's Tishomingo Woodford shale field, the remaining behind
pipe stages in two of the wells were fracture stimulated in the
fourth quarter of 2009. In total, 15 gross stages, 4.6 net stages to
BNK, were fracture stimulated which helped BNK achieve a net 1,200
boe/day 2009 year end exit rate from the field. This is a 22%
increase from our third quarter 2009 net rate of 981 boe/day. The two
wells had combined 30 day average initial production rates of
approximately 1,100 boe/d which is about 400 boe/d net to BNK. BNK
has over 60 net stages remaining to fracture stimulate in its
previously drilled wells. These un-stimulated stages were not given
any credit in the previous reserve reports and BNK believes reserves
will now be attributed to them in its 2009 year-end report, which is
anticipated to be completed in the first quarter.

Caution Regarding Forward-looking Information

This document may contain certain forward looking statements
including statements with respect to the concessions awarded, the
more significant minimum requirements required to hold the
concessions as well as information regarding the remaining net stages
which will require fracture stimulation on previously drilled wells
in the Tishomingo gas field and the resulting impact on our 2009
year-end reserves report.. Forward looking information is based on
the opinions and estimates of management at the date the information
is provided and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information.
These risks include, but are not limited to: the risks associated
with the oil and gas industry and BNK's ability to identify suitable
drilling locations (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect
to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and
projections relating to production, costs and expenses, and health,
safety and environmental risks), risk associated with equipment
procurement and equipment failure, risks related to international
operations and doing business in foreign jurisdictions, the risk of
commodity price and foreign exchange rate fluctuations, risks related
to future royalty rate changes and risks and uncertainties associated
with securing and maintaining necessary regulatory approvals.

For a description of the risks and uncertainties facing BNK and
its business and affairs, readers should refer to BNK's Annual
Information Form for the year ended December 31, 2008, which is
available at http://www.sedar.com. The Company assumes no obligation
to update or revise the forward-looking information to reflect new
events or circumstances, except as required by law. The reader is
cautioned not to place undue reliance on forward-looking statements.

All references to barrels of oil equivalent (boe) are calculated
on the basis of 6 mcf : 1 bbl. This conversion is based on an energy
equivalency conversion method primarily applicable at the burner tip
and does not represent a value equivalency at the wellhead. Boes may
be misleading, particularly if used in isolation.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a U.S. based oil and gas exploration and
production company focused on finding and exploiting large
predominately unconventional oil and gas resource plays. The Company
holds and operates shale gas wells in the Untied States. Additionally
the company is utilizing its technical and operational expertise to
identify and acquire unconventional projects in Europe. The Company's
shares are traded on the Toronto Stock Exchange under the stock
symbol BKX.

NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

For further information: Wolf Regener, President and Chief
Executive Officer, +1-805-484-3613, Email:
investorrelations@bnkpetroleum.com, Website:
http://www.bnkpetroleum.com

ots Originaltext: BNK Petroleum Inc
Im Internet recherchierbar: http://www.presseportal.de

Contact:
CONTACT: For further information: Wolf Regener, President and
ChiefExecutive Officer, +1-805-484-3613,
Email:investorrelations@bnkpetroleum.com