BNK Petroleum Inc. Announces Closing of Second Tranche of $66 Million Private Placement

CAMARILLO, California, November 8, 2010 - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that
the second and final tranche of the previously announced CAD$66 million
private placement has closed. 15,400,000 shares were issued to Quantum
Partners L.P. ("Quantum") for total gross proceeds of CAD$39,116,000. The
shares are subject to a four month hold period. Quantum now holds
approximately 19.5% of the Company's issued and outstanding shares.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a U.S. based international oil and gas exploration
and production company focused on finding and exploiting large, predominately
unconventional oil and gas resource plays. Through various affiliates and
subsidiaries, the Company owns and operates shale gas properties and
concessions in the United States, Poland and Germany. Additionally the
Company is utilizing its technical and operational expertise to identify and
acquire additional unconventional projects outside of North America. The
Company's shares are traded on the Toronto Stock Exchange under the stock
symbol BKX.

For further information:

    Wolf E. Regener President and Chief Executive Officer +1(805)484-3613
    Email: investorrelations@bnkpetroleum.com
    Website: www.bnkpetroleum.com

(BKX.)

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