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BNK PETROLEUM ANNOUNCES SPUDDING OF MISZEWO T-1 WELL IN POLAND
BNK Petroleum Inc. (the “Company”) (TSX: BKX) announced today that on February 28, 2012 the Company’s wholly owned subsidiary Indiana Investments Sp. z o.o., began drilling the Miszewo T-1 well on its Trzebielino concession block in Poland. The well is expected to take approximately 40 days to drill. Once the drilling rig has been released from the Miszewo T-1 well, the rig is scheduled to move to the Gapowo location on the Bytow concession block. An objective of these wells is to verify the Company’s geological model, which indicates that the target shales on the Trzebielino and Bytow concessions were deposited in a deeper basin environment than encountered by the previously drilled wells. The deeper environment and transgressive nature of the deposit is expected to lead to richer and thicker organic shales than found in the Lebork S-1 well. Schematics of some of this analysis can be found on the Company’s website.

BNK is not aware of any material changes in its Operations
BNK Petroleum Inc. (TSX: BKX) (the “Company”) at the request of IIROC on behalf of the Toronto Stock Exchange, announces that it is not aware of any undisclosed material information that may be
affecting the trading price and volume of the Company’s common shares.