BNK Petroleum Inc.

BNK Petroleum Inc.'s Acreage in Europe Increases to 3.5 Million

    Calgary, May 19, 2010 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company")  announces that it has been  awarded a further concession totalling approximately 840,000 acres in  Western Europe. The new concession is located in Saxony-Anhalt, Germany and  brings the Company's total acreage in Europe to 3.9 million gross (3.5  million net) acres in a total of 4 basins, and in Germany to 2.4 million acres (gross and net) in 3 basins.

    The new concession and the Company's other concessions in the North  Rhine-Westphalia, Thuringia and Lower Saxony regions of Germany were  acquired for their multiple prospective shale gas targets as well as, in  some instances, for secondary targets of Coal Bed methane and tight gas  sands. This latest concession contains certain minimum requirements which  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.

    The Company continues to await the potential grant of other concessions that it has applied for and it also continues to apply for  additional concessions.

    BNK Petroleum Inc. also announces today that it has paid off the remaining $2.8 million subordinated debt that it owed to Bankers Petroleum  Ltd.

    Caution Regarding Forward-Looking Information    

    Certain statements contained in this news release constitute "forward- looking statements" as such term is used in applicable Canadian securities  laws, including information regarding the Company's intention to acquire  additional concessions. Forward looking information is based on plans and  estimates of management at the date the information is provided and certain  assumptions (including that the required capital and approvals will be  available when required) and is subject to a variety of risks and uncertainties and other factors that could cause plans and estimates to  change materially from those projected in the 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  risks related to international operations and doing business in foreign  jurisdictions, including governmental policies regarding awarding of  concessions, risks associated with the oil and gas industry and exploratory  activities generally, (e.g., operational risks in development, exploration  and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; risks associated with equipment procurement and equipment failure, 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.

    About BNK Petroleum Inc.  

    BNK Petroleum Inc. is a U.S. based international 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 United States. Additionally the Company  is utilizing its technical and operational expertise to identify and  acquire 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 Regener, President and Chief Executive  Officer, +1-(805)-484-3613, Email:,  Website:

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CONTACT:  For further information: Wolf Regener, President and
ChiefExecutive Officer,+1-(805)-484-3613, Email:

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