Bonavista Energy Corporation Confirms Dividend for April 15, 2013

Bonavista Energy Corporation Confirms Dividend for April 15, 2013 
CALGARY, ALBERTA -- (Marketwire) -- 03/15/13 -- Bonavista Energy
Corporation ("Bonavista") (TSX:BNP) confirms that its monthly
dividend generated from March production will be $0.07 per common
share, payable on April 15, 2013.  
Bonavista has declared this dividend to be paid on April 15, 2013 to
common shareholders of record on March 31, 2013, with an ex-dividend
date of March 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 March 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:
Keith A. MacPhail
Executive Chairman 
Jason E. Skehar
President & CEO 
Glenn A. Hamilton
Senior Vice President & CFO 
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB  T2P 1G1
(403) 213-4300
www.bonavistaenergy.com