BNK Petroleum Inc. Adds a Sixth European Shale Gas Concession

CALGARY, Canada, December 29 - BNK Petroleum Inc. ("BNK" or the "Company") (TSX: BKX) is pleased
to announce that it has been awarded an additional 300,000 acre oil and
gas concession in a European Union country. The granting of this
concession brings BNK's 2009 total land acquisitions in Europe to 1.4
million acres, and provides further diversification by now having projects in
3 distinct basins.

In accordance with the granting of this latest concession, certain
minimum requirements must be fulfilled by BNK to retain its interest. Some of
the more significant minimum requirements consist of conducting geological
work in the first year, acquiring seismic in the second year, drilling one
vertical well in both years three and four, and the drilling of one
horizontal well in year five within each concession area.

Caution Regarding Forward-looking Information

This document may contain certain forward looking statements including
statements with respect to, the concession awarded and the more significant
minimum requirements required to hold the concession. The forward-looking
information is based on current expectations that involve a number of 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 and BNK's ability to identify
suitable drilling locations (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 necessary regulatory
approvals.

For a description of the risks and uncertainties facing BNK and its
business and affairs, readers should refer to BNK's Annual Information Form
for the year ended December 31, 2008, which is available at
www.sedar.com. The Company assumes no obligation to update or revise
the forward-looking information to reflect new events or circumstances,
except as required by law. The reader is cautioned not to place undue
reliance on forward-looking statements.

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 and in Europe,
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.

NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

For further information: Wolf Regener, President and Chief Executive
Officer, +1-805-484-3613, Email: investorrelations@bnkpetroleum.com, Website:
www.bnkpetroleum.com

For further information: Wolf Regener, President and Chief Executive Officer, +1-805-484-3613, Email: investorrelations at bnkpetroleum.com, Website: www.bnkpetroleum.com