Bonavista Energy Corporation Confirms Dividend for March 15, 2013

Bonavista Energy Corporation Confirms Dividend for March 15, 2013 
CALGARY, ALBERTA -- (Marketwire) -- 02/15/13 -- Bonavista Energy
Corporation (TSX:BNP) ("Bonavista") confirms that its monthly
dividend generated from February production will be $0.07 per common
share, payable on March 15, 2013.  
Bonavista has declared this dividend to be paid on March 15, 2013 to
common shareholders of record on February 28, 2013, with an
ex-dividend date of February 26, 2013. The Board of Directors of
Bonavista declared the dividend payable in either cash or common
shares at the election of the shareholder. Any common shareholder
choosing to receive common shares instead of cash must submit his or
her stock dividend confirmation notice no later than 4:30 p.m.
(Calgary time) on the fourth business day immediately prior to the
record date for the declared dividend payment, being February 25,
2013. 
Bonavista's dividend policy is reviewed monthly and is based on a
number of factors, including future commodity prices, foreign
exchange rates, our commodity hedging program, current operations and
future investment opportunities. This dividend has been designated as
an "eligible dividend" for Canadian income tax purposes. 
Stock Dividend Program  
Bonavista's Stock Dividend Program enables common shareholders to
elect to receive dividends in the form of common shares at 95% of the
weighted average market price calculated 5 days before the payment
date. Participation in the Stock Dividend Program is optional and all
fees associated with the Stock Dividend Program will be paid by
Bonavista.  
The Stock Dividend Program has certain tax advantages which are
described in more detail in Bonavista's Management Information
Circular dated March 19, 2012 which is available on SEDAR at
www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.
For further information regarding the Stock Dividend Program, please
contact Valiant Trust Company at 403-233-2801.  
Dividend Reinvestment Plan  
Bonavista also has a Dividend Reinvestment Plan which enables
eligible common shareholders to increase their investment in
Bonavista by reinvesting their monthly cash dividend. We expect to
maintain the Dividend Reinvestment Plan as a complement to our Stock
Dividend Program indefinitely. 
Forward Looking Statements 
Corporate information provided herein contains forward-looking
information. The reader is cautioned that assumptions used in the
preparation of such information, particularly those pertaining to
cash dividends, production volumes, commodity prices, operating costs
and drilling results, which are considered reasonable by Bonavista at
the time of preparation, may be proven to be incorrect. Actual
results achieved during the forecast period will vary from the
information provided herein and the variations may be material. There
is no representation by Bonavista that actual results achieved during
the forecast period will be the same in whole or in part as those
forecasts.
Contacts:
Bonavista Energy Corporation
Keith A. MacPhail
Executive Chairman
(403) 213-4300 
Bonavista Energy Corporation
Jason E. Skehar
President & CEO
(403) 213-4300 
Bonavista Energy Corporation
Glenn A. Hamilton
Senior Vice President & CFO
(403) 213-4300 
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
www.bonavistaenergy.com