Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio  CALGARY, ALBERTA -- (Marketwired) -- 08/01/14 --   Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.24666 to 1.25282. This increase will be effective on August 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                                   Bonavista     shares   Increase       Date   Exchange Record                  Dividend  (Prior to         in     of the      Ratio Date of        Opening       per    the end   Exchange   increase  as of the Bonavista     Exchange    common     of the      Ratioin Exchange  Effective Dividend         Ratio     share     Month)        (1)      Ratio       Date ---------------------------------------------------------------------------- July 31,                                               August 15,             2014          1.24666     $0.07     $14.16    0.00616       2014    1.25282 ----------------------------------------------------------------------------  (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 www.bonavistaenergy.com for detailed corporate information.  Contacts: Bonavista Energy Corporation Glenn A. Hamilton Senior Vice President & CFO (403) 213-4300 www.bonavistaenergy.com    
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