PetroBakken Confirms November Dividend

PetroBakken Confirms November Dividend

CALGARY, ALBERTA -- (Marketwire) -- 11/15/12 -- PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of November will be paid on December 17, 2012 to all PetroBakken shareholders of record on November 30, 2012. The November dividend will be $0.08 per PetroBakken share. The ex-dividend date is November 28, 2012.

PetroBakken has a Dividend Reinvestment Plan ("DRIP") that provides a convenient and cost-effective method for eligible shareholders to increase their investment in PetroBakken by reinvesting their monthly cash dividend to acquire additional common shares of PetroBakken. For further information regarding our DRIP, please visit PetroBakken's website at www.petrobakken.com or contact Olympia Trust Company at 403-668-8887, toll free at 1-800-727-4493 or via email at corporateactions@olympiatrust.com.

PetroBakken Energy Ltd. is an oil and gas exploration and production company combining light oil Bakken and Cardium resource plays with conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken is applying leading edge technology to a multi-year inventory of Bakken and Cardium light oil development locations. Our strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield. Contacts: PetroBakken Energy Ltd. John D. Wright President and Chief Executive Officer (403) 268.7800

PetroBakken Energy Ltd. Peter D. Scott Senior Vice President and Chief Financial Officer (403) 268.7800

PetroBakken Energy Ltd. Bill A. Kanters Vice President Capital Markets (403) 268.7800 www.petrobakken.com