BNK Petroleum Inc. Disclosure to Shareholders Regarding Changes to Stock Option Plan

By Bnk Petroleum Inc, PRNE
Thursday, May 19, 2011

CALGARY, Alberta, May 20, 2011 - BNK Petroleum Inc. (the "Corporation") (TSX: BKX), announces that as part
of its commitment to sound corporate governance practices and transparency
and following discussions with ISS, the Corporation has undertaken to amend
its Stock Option Plan, by adding a new provision that will become effective
on a going forward basis, to the following effect:

"Maximum non-employee director participation under the Stock Option Plan
is limited to an annual equity award value of CDN$100,000 per non-employee
director, provided that this limit shall not apply in respect of an initial
grant of options to a newly appointed or elected non-employee director."; and

by adding a new section to the amendment clause in the Stock Option Plan
that requires shareholder approval for any change to the foregoing provision.

While such amendments exceed current requirements of the Toronto Stock
Exchange ("TSX") pertaining to such plans, the Board of Directors, in
pursuing its objective of transparency regarding the Corporation's processes
and procedures, intends to approve such modifications. The Corporation
expects to submit such amendments for the approval of the TSX following its
2011 Annual General Meeting of Shareholders but prior to the grant of any
further options thereunder.

About BNK Petroleum Inc.

BNK Petroleum Inc. is an 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 +1-805-484-3613


will not be displayed