BNK Petroleum Inc. Announces new Acreage in Spain

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company") announced today that its
wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been
awarded an oil and gas concession totalling approximately 234,000
acres located mainly in the autonomous community of Castile and Leon,
Spain. This concession brings the Company's total acreage in Europe
to about 3.8 million net acres in 5 separate basins.

Located in the Cantabrian basin of Spain, the concession has been
acquired principally for shale gas targets but also has some
conventional oil and gas potential. The primary target is a
Jurassic-aged shale, which based on available information ranges, in
the most prospective areas, from 100 to over 200 meters in gross
thickness at depths of about 2,500 to 4,500 meters. The structure and
stratigraphy are defined by numerous existing 2D seismic lines and
dozens of wells which were drilled by other operators. Most of the
previously drilled wells had oil and/or gas shows in the shale
interval as well as in fractured carbonates both above and below the
shale. These fractured carbonates are the conventional targets.

The concession terms include certain minimum requirements, which
must be fulfilled by BNK to retain its interest. The more significant
minimum requirements include the requirement to conduct geological
work in the first year, drilling two wells each in year's two, three
and four and three wells in year five.

Poland

The Company on behalf of Saponis Investments Sp. z o.o.,
announced today that it has commenced completion operations on the
Lebork S-1 well which entails rigging up equipment, cleaning out the
wellbore and performing formation evaluation tests prior to fracture
stimulations.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws, including information regarding the
Company's current plans and expectations regarding the timing of test
results at Lebork S-1. Forward-looking information is based on plans
and estimates of management at the date the information is provided
and is subject to certain factors and assumptions of management,
including that no unforeseen delays, unexpected geological or other
effects, equipment failures, permitting delays, labor or contract
disputes are encountered as well as that the Company's financial
condition and the development plans of the Company and its
co-venturers will not change. Forward-looking information is subject
to a variety of risks and uncertainties and other factors that could
cause plans, estimates and actual results to vary materially from
those projected in such forward-looking information. Factors that
could cause the forward-looking information in this news release to
change or to be inaccurate include, but are not limited to, the risk
that occurrences such as those referred to above may occur and result
in delays, or cessation in planned work, and that the Company's
financial condition and the development plans of the Company or the
other participants in the Lebork S-1 well will change as well as the
other risks and uncertainties applicable to exploration activities as
set forth in the Company's management discussion and analysis and its
annual information form both of which are available for viewing under
the Company's profile at http://www.sedar.com. The Company undertakes
no obligation to update these forward-looking statements, other than
as required by applicable law.

About BNK Petroleum Inc.

BNK Petroleum Inc. is an international oil and gas exploration
and production company focused on finding and exploiting large,
predominately unconventional oil and gas resource plays. Through
various affiliates and subsidiaries, the Company owns and operates
shale gas properties and concessions in the United States, Poland,
Spain and Germany. Additionally the Company is utilizing its
technical and operational expertise to identify and acquire
additional unconventional projects outside of North America. The
Company's shares are traded on the Toronto Stock Exchange under the
stock symbol BKX.

For further information:

Wolf E. Regener +1(805)484-3613 Email:
investorrelations@bnkpetroleum.com [
investorrelations@bnkpetroleum.com ] Website:
http://www.bnkpetroleum.com

ots Originaltext: BNK Petroleum Inc
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