PetroBakken Announces Mailing of Shareholder Meeting Materials and Proposed Name Change to Lightstream Resources Ltd.

PetroBakken Announces Mailing of Shareholder Meeting Materials and Proposed 
Name Change to Lightstream Resources Ltd. 
CALGARY, ALBERTA -- (Marketwired) -- 04/23/13 -- PetroBakken Energy
Ltd. ("PetroBakken" or the "Company") (TSX:PBN) is pleased to
announce that we have mailed our meeting materials with respect to
the annual and special meeting of shareholders to be held at 9:00
a.m. (Calgary time) on Wednesday, May 22, 2013, at the Telus
Convention Centre (MacLeod Hall D) in Calgary, Alberta (the
"Meeting"). The Meeting will also be available via webcast, with
details to be released closer to the Meeting date. Meeting materials
will be available online through our website at
or on our SEDAR profile at   
We are also pleased to announce that the management and Board of
Directors of PetroBakken are proposing to change the name of the
Company to Lightstream Resources Ltd., subject to approval of our
shareholders at the Meeting. At corporate inception, the name
"PetroBakken Energy Ltd." was chosen to reflect the focus of our
asset base in the Bakken and the ownership structure within the
Petrobank Energy and Resources Ltd. group of companies. Since that
time, although the Bakken continues to be a core part of our
strategy, the Company has diversified our asset base to include other
significant operating areas, such as the Cardium business unit, which
is focused on central Alberta assets. The Company also is no longer
majority owned by Petrobank following the distribution of Petrobank's
ownership interest to its shareholders at the end of 2012. Given the
changes to our asset base and ownership structure, the Company
believes that the adoption of this new name is appropriate to
accurately reflect our business. The name Lightstream Resources Ltd.
was chosen to reflect our commitment to the innovative development of
long life, light oil plays which deliver growth and a stable dividend
to our shareholders. It is anticipated that the name change will
become effective immediately following the Meeting, assuming approval
by the shareholders at the Meeting.  
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 leadin
g 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, along with a significant
inventory of opportunities in the Horn River and Montney gas resource
plays in northeast BC. Our strategy is to deliver accretive
production and reserves growth, along with an attractive dividend
PetroBakken Energy Ltd.
John D. Wright
President and Chief Executive Officer
PetroBakken Energy Ltd.
Peter D. Scott
Senior Vice President and Chief Financial Officer
PetroBakken Energy Ltd.
William A. Kanters
Vice President, Capital Markets
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