Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio 
CALGARY, ALBERTA -- (Marketwired) -- 10/03/13 -- Bonavista Energy
Corporation ("Bonavista") (TSX:BNP) is pleased to announce the
increase to the Exchange Ratio of its exchangeable shares from
1.18892 to 1.19526. This increase will be effective on October 15,
2013 (the "Effective Date"). 
The following are the details of the calculation of the Exchange

                                Five day                                    
                                Price of                                    
                   Bonavista      common                 Effective  Exchange
Record              Dividend      shares               Date of the  Ratio as
 Date of    Opening      per   (Prior to  Increase in  increase in    of the
 Bonavista Exchange   common  the end of     Exchange     Exchange Effective
 Dividend     Ratio    share  the Month)    Ratio (1)        Ratio      Date
 30,                                                  October 15,           
2013       1.18892   $0.07     $13.13      0.00634        2013      1.19526 
1.  The increase in the Exchange Ratio is calculated by multiplying the     
    Bonavista dividend per common share by the Exchange Ratio immediately   
    prior to the Record Date and dividing by the five day weighted average  
    trading price of Bonavista's common shares.                             

A holder of Bonavista exchangeable shares can exchange all or a
portion of their holdings into Bonavista common shares, at any time,
by giving notice to their investment advisor or Valiant Trust Company
at its principal transfer office in Suite 310, 606 - 4th Street S.W.,
Calgary, Alberta, T2P 1T1. 
Please visit our website at for detailed
corporate information.
Bonavista Energy Corporation
Glenn A. Hamilton
Senior Vice President & CFO 
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
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