Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio  CALGARY, ALBERTA -- (Marketwired) -- 04/01/14 -- Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.22558 to 1.23098. This increase will be effective on April 15, 2014 (the "Effective Date").  The following are the details of the calculation of the Exchange Ratio:      ----------------------------------------------------------------------------                                 Five day                                                                     Weighted                                                                     Average                                                                      Trading                                                                      Price of                                                                    Bonavista                                                                      common               Effective    Exchange    Record             Bonavista   shares    Increase  Date of the Ratio as of   Date of   Opening  Dividend   (Prior to     in     increase in     the      Bonavista Exchange per common the end of  Exchange    Exchange   Effective   Dividend    Ratio     share   the Month)  Ratio (1)    Ratio        Date    ----------------------------------------------------------------------------  March 31,                                            April 15,                  2014    1.22558    $0.07     $15.89     0.00540      2014      1.23098   ---------------------------------------------------------------------------- (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. Contacts: Glenn A. Hamilton Senior Vice President & CFO  Bonavista Energy Corporation 1500, 525 - 8th Avenue SW Calgary, AB T2P 1G1 (403) 213-4300    
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