Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio  CALGARY, ALBERTA -- (Marketwired) -- 07/02/14 --   Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.24133 to 1.24666. This increase will be effective on July 15, 2014 (the "Effective Date").  The following are the details of the calculation of the Exchange Ratio:        ----------------------------------------------------------------------- ---                                    Five day                                                                   Weighted                                                                   Average                                                                    Trading                                                                    Price of            Effective                                             Bonavista             Date of                                                common                the    Exchange  Record Date            Bonavista    shares   Increase  increase  Ratio as       of      Opening    Dividend   (Prior to    in        in      of the    Bonavista   Exchange  per common the end of Exchange  Exchange  Effective   Dividend    Ratio      share    the Month) Ratio (1)   Ratio     Date    --------------------------------------------------------------------------   June 30,                                             July 15,                2014     1.24133     $0.07      $16.30    0.00533    2014     1.24666  --------------------------------------------------------------------------   (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.                               Aholder 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 www.bonavistaenergy.com 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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