Bonavista Energy Corporation Announces CEO Succession

Bonavista Energy Corporation Announces CEO Succession 
CALGARY, ALBERTA -- (Marketwire) -- 11/26/12 -- Bonavista Energy
Corporation (TSX:BNP) ("Bonavista") is pleased to announce an
exciting leadership change which positions Bonavista for continued
long-term success. Effective December 3, 2012, Mr. Jason Skehar will
be promoted to President and CEO and appointed as a director of
Bonavista. This appointment concludes a four year succession plan,
which began with Mr. Skehar's appointment as President and COO in
November of 2008.  
Mr. Skehar is a professional engineer and has been employed with
Bonavista since 1999 in increasingly responsible roles. He is a
University of Saskatchewan graduate with a Bachelor of Science Degree
in Mechanical Engineering and has a total of nineteen years of
varying industry experience including three years of hands-on field
As part of this succession process, Mr. Keith MacPhail will become
Executive Chairman of Bonavista, remaining actively engaged in
Bonavista's future strategy, vision, and long term objectives
including the overall Board of Directors stewardship. 
Bonavista recently celebrated its fifteenth anniversary and remains
committed to continue with its strong track record of shareholder
value creation well into the future. This leadership change is one
step in a comprehensive succession plan that is in place to ensure
this value creation process continues. 
For further information regarding these leadership changes, please
contact either Mr. Keith MacPhail at 403-213-4315, Mr. Jason Skehar
at 403-213-4363 or Mr. Cameron Deller, Investor Relations Analyst at
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
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