BNK Petroleum Inc. Notifies of Transportation Incident in Poland

CAMARILLO, California, August 14, 2012 /PRNewswire/ --

BNK Petroleum Inc. ("Company") announces that it has been advised of a transportation incident during the drilling rig move between the Gapowo B-1 and Miszewo T-1 wells.  A tank truck, subcontracted by MDW S.A. ("MDW"), a company specializing in the transportation of drilling muds and responsible for the handling and managing of fluids between the two wellsites, was transporting approximately 16 m³ of fresh water drilling mud when it overturned on the Kaszubskie roundabout near the town of Bytow.  There were no injuries and no other vehicles were involved in the incident.  Initial figures estimate that approximately 12 m³ of the fresh water mud spilled into the road culvert.  The drilling mud is used during drilling operations and is comprised primarily of fresh water and bentonite (clay).  Very small quantities of non-toxic additives were also present in the mud such as polymers, xantham gum and sodium bicarbonate as well as approximately 0.1% of biocide.  According to Schlumberger Oilfield Eastern Limited Sp. z o.o., the mud additives company, this small quantity of biocide is non-toxic at this dilution level.   The Company praises the local police and fire departments on their immediate professional response.

The Company's President and Chief Executive Officer, Wolf Regener commented: "In keeping with our commitment to the environment and safe and sustainable development, management and personnel of the Company's subsidiary in Poland have been mobilized to assist MDW and local police and fire departments in coordinating mitigation and clean-up operations."

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 
President and CEO  
Email: investorrelations@bnkpetroleum.com 
Website: http://www.bnkpetroleum.com

Kelly Brezger  +48 22-540-1730
Poland General Manager
Email: bnkpolska@bnkpetroleum.com
Website: http://www.bnkpetroleum.pl

(BKX.)