BNK Petroleum Inc. acquires 720,000 acres in Poland

CALGARY, June 29 /PRNewswire-FirstCall/ - BNK Petroleum Inc. (the
Company)/(TSX: BKX) is pleased to announce on behalf of its Polish subsidiary,
Saponis Investments Sp. z o.o. that it has been awarded three oil and gas
exploration concessions in Poland by the Ministry of Environment. The three
concessions, Starogard, Slupsk and Slawno, are located in Northern Poland and
total about 720,000 acres. BNK has an 80% working interest in each concession,
assuming a previously granted right to participate is exercised by a privately
owned Delaware company as previously disclosed by BNK on December 3, 2008.
BNK believes that the preliminary data it has analyzed, indicates that the
makeup of the some of the shales within its Polish Concessions, are silica
rich and appear to have thermal maturities and total organic carbon in a range
that could make them successful shale gas projects. Over the coming months,
BNK intends to do further work by analyzing cores from previously drilled
wells to determine the first well location. BNK intends to drill its first
well in 2010. Each concession requires the spudding of a well within 18 months
of the concession award date. BNK is entertaining partnerships for the
exploration phase of this project.
BNK is also undertaking geologic mapping and data acquisitions in other parts
of Europe in order to evaluate additional opportunities.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a California based oil and gas exploration and
production company focused on finding and exploiting large oil and gas
resource plays. The Company holds an average of 50% interest in the Tishomingo
gas field in Oklahoma and varied interests in three other areas in the
Northern and Central regions of the United States, where it is currently
pursuing the exploration, development and production of shale and tight sand
gas plays. The Company's shares are traded on the Toronto Stock Exchange under
the stock symbol BKX.

This document contains certain forward looking statements including statements
regarding BNK's working interest in the Polish drilling concessions, the
potential for the Polish drilling concessions to be successful shale gas
projects, its drilling plans for such concessions and future opportunities for
acquisitions of additional oil and gas exploration rights in Europe. Forward
looking information is based on management's expectations regarding, among
other things, future capital and other expenditures (including the amount,
nature and sources of funding thereof), plans for and results of drilling
activity, business prospects and opportunities, future royalty rates,
commodity prices and foreign exchange rates and future economic conditions and
involves significant known and unknown risks and uncertainties, which could
cause actual results to differ materially from those anticipated. These risks
include, but are not limited to: the risks associated with the oil and gas
industry (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), risk associated with equipment
procurement and equipment failure, risks related to international operations
and doing business in foreign jurisdictions, the risk of commodity price and
foreign exchange rate fluctuations, risks related to future royalty rate
changes and risks and uncertainties associated with securing and maintaining
the necessary regulatory approvals and financing to proceed with the continued
expansion of our various existing and proposed projects. In addition, the
current financial crisis has resulted in severe economic uncertainty and
resulting illiquidity in credit and capital markets which increases the risk
that actual results will vary from forward looking expectations and these
variations may be material. These risks and uncertainties are described in
detail in BNK's Annual Information Form for the year ended December 31, 2008,
which is available at www.sedar.com. The Corporation assumes no obligation to
update or revise the forward-looking information to reflect new events or
circumstances, except as required by law.

The TSX does not accept responsibility for the adequacy or accuracy of
this news release.

SOURCE BNK Petroleum Inc.

Wolf Regener, President and Chief Executive Officer, (805) 484-3613, Email:
investorrelations@bnkpetroleum.com; Website: www.bnkpetroleum.com