BNK Announces AGM Results and Operations Update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company" or "BNK") announces that the
seven director nominees listed in the Company's management
information circular dated April 29, 2014 were re-elected at the
annual general meeting of shareholders of the Company held earlier
today. Detailed results are set out below:

Director Nominee Votes For % For Votes Withheld %Withheld
Ford Nicholson 69,098,715 99.21% 552,365 0.79%
Robert Cross 68,548,977 98% 1,102,103 1.58%
Victor Redekop 69,186,977 99.33% 464,103 0.67%
Eric Brown 68,704,977 98.64% 946,103 1.36%
General Wesley Clark (retired) 69,320,677 99.53% 330,403 0.47%
Wolf Regener 69,541,277 99.84% 109,803 0.16%
Leslie O'Connor 69,180,477 99.32% 470,603 0.68%

Shareholders also re-appointed KPMG LLP, Chartered Accountants as
the auditor of the Company and re-approved the Company's Stock Option
Plan. Additional details will be provided in a Report of Voting
Results to be filed on SEDAR.

Operations Update

Poland

The Company has successfully placed effective proppant
concentrations in 9 stages in its Gapowo B-1 horizontal well and is
currently on day 5 of a restricted rate flow back of the fracture
stimulation fluid. The Company anticipates being able to provide an
assessment of the initial production rate within the next three
weeks, depending on the rate of recovery of the stimulation fluids.

The Company originally planned an initial fracture stimulation of
up to 10 stages in the latter third of the lateral. This initial
program was expanded to the entire lateral because the Company
believed that not enough proppant was placed in this section to
effectively stimulate it. The frac design was continually optimized
in each stage and while proppant was placed in 14 stages the Company
considers 9 of the stages to have been effectively stimulated.

Wolf Regener, President and Chief Executive Officer commented, "We
are encouraged by the early flowback performance and pressures
encountered. While it is too early to draw any conclusions, we look
forward to the next few weeks where we will hopefully see gas
producing from these Polish shales."

The Company also announces that Saponis Investments Sp. z o.o has
received approval of a concession amendment to the Slupsk concession
that includes a four year extension of the concession and extends the
deadline to drill the next well. The Company holds a 57.04% interest
in Saponis.

Oklahoma - Tishomingo Field

The Company has begun drilling the Wiggins 11-2H well. The Wiggins
11-2H is the first of three Caney formation wells currently planned
in sections directly adjacent to the Company's producing Wiggins
12-8H and Barnes 7-2H wells, both of which continue to outperform
management's expectations. The Leila 31-2H well, which was fracture
stimulated in late April, had an initial production rate of 180
barrels of oil equivalent per day and is currently producing about
155 barrels of oil equivalent per day, 80% of which is oil. This well
is significantly shallower, and production data indicates lower gas
to oil ratio and thus less reservoir energy, than the Company's other
producing wells. Production data from the well will be analysed to
determine an alternative fracture stimulation technique to accelerate
recovery of stimulation fluid and achieve higher production rates
before any offsetting wells are drilled in this small area of the
field.

Corporate

The Company is making progress on obtaining a reserve based
borrowing facility and expects to be able to provide an update by the
end of June. Additional drilling plans for 2014 will be disclosed
once the borrowing facility is in place.

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 oil and gas properties and concessions in the United States,
Poland and Spain. Additionally the Company is utilizing its technical
and operational expertise to identify and acquire additional
unconventional projects. The Company's shares are traded on the
Toronto Stock Exchange under the stock symbol BKX.

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 statements regarding Caney wells
and Gapowo B-1 well development, including plans, anticipated results
and timing, a proposed reserves based loan facility and the
prospectiveness of the Company's properties. Forward-looking
information is based on plans and estimates of management and
interpretations of exploration information by the Company's
exploration team at the date the information is provided and is
subject to several factors and assumptions of management, including
that indications of early results are reasonably accurate predictors
of the prospectiveness of the shale intervals, that anticipated
results and estimated costs will be consistent with managements'
expectations, that new stimulation techniques will be successful,
that the Company's geological analyses are accurate, that required
regulatory approvals will be available when required, that no
unforeseen delays, unexpected geological or other effects, equipment
failures, permitting delays or labor or contract disputes or
shortages are encountered, that the development plans of the Company
and its co-venturers will not change, that the demand for oil and gas
will be sustained, that the Company will continue to be able to
access sufficient capital through financings, farm-ins or other
participation arrangements to maintain its projects and carry out its
plans, that the proposed reserves based loan facility will be
completed and that global economic conditions will not deteriorate in
a manner that has an adverse impact on the Company's business, its
ability to advance its business strategy and the industry as a whole.

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 any of the
assumptions on which such forward looking information is based vary
or prove to be invalid, including that anticipated results and
estimated costs will not be consistent with managements'
expectations, new completion techniques proving to be unsuccessful,
the Company's geological analyses proving to be inaccurate, the
Company or its subsidiaries is not able for any reason to obtain and
provide the information necessary to secure required approvals or
that required regulatory approvals are otherwise not available when
required, that unexpected geological results are encountered, that
equipment failures, permitting delays or labor or contract disputes
or shortages are encountered, that completion techniques require
further optimization, that production rates do not match the
Company's assumptions, that very low or no production rates are
achieved, that the Company is unable to access required capital, that
the proposed reserves based loan facility is not completed, that
occurrences such as those that are assumed will not occur, do in fact
occur, and those conditions that are assumed will continue or
improve, do not continue or improve, and the other risks and
uncertainties applicable to exploration and development activities
and the Company's business 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
athttp://www.sedar.com, any of which could result in delays,
cessation in planned work or loss of one or more concessions and have
an adverse effect on the Company and its financial condition. The
Company undertakes no obligation to update these forward-looking
statements, other than as required by applicable law.

BOEs/boes (barrels of oil equivalent) may be misleading,
particularly if used in isolation. A boe conversion ratio of 6 Mcf:1
Bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value
equivalency at the wellhead.

This news release contains peak and initial production rates and
other short-term production rates. Readers are cautioned that initial
production rates are not necessarily indicative of long-term
performance or of ultimate recovery.

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

(BKX.)

ots Originaltext: BNK Petroleum Inc.
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