BNK Petroleum Inc.'s Acreage in Europe Increases to 3.5 Million

CALGARY, May 19, 2010 - BNK Petroleum Inc. (the "Company") (TSX: BKX) announces that it has been
awarded a further concession totalling approximately 840,000 acres in
Western Europe. The new concession is located in Saxony-Anhalt, Germany and
brings the Company's total acreage in Europe to 3.9 million gross (3.5
million net) acres in a total of 4 basins, and in Germany to 2.4 million
acres (gross and net) in 3 basins.

The new concession and the Company's other concessions in the North
Rhine-Westphalia, Thuringia and Lower Saxony regions of Germany were
acquired for their multiple prospective shale gas targets as well as, in
some instances, for secondary targets of Coal Bed methane and tight gas
sands. This latest concession contains certain minimum requirements which
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.

The Company continues to await the potential grant of other
concessions that it has applied for and it also continues to apply for
additional concessions.

BNK Petroleum Inc. also announces today that it has paid off the
remaining $2.8 million subordinated debt that it owed to Bankers Petroleum
Ltd.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-
looking statements" as such term is used in applicable Canadian securities
laws, including information regarding the Company's intention to acquire
additional concessions. Forward looking information is based on plans and
estimates of management at the date the information is provided and certain
assumptions (including that the required capital and approvals will be
available when required) and is subject to a variety of risks and
uncertainties and other factors that could cause plans and estimates to
change materially from those projected in the forward-looking information.
Factors that could cause the forward-looking information in this news
release to change or to be inaccurate include, but are not limited to: the
risks related to international operations and doing business in foreign
jurisdictions, including governmental policies regarding awarding of
concessions, risks associated with the oil and gas industry and exploratory
activities generally, (e.g., operational risks in development, exploration
and production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; risks associated with
equipment procurement and equipment failure, 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.

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. The Company holds
and operates shale gas wells in the United States. Additionally the Company
is utilizing its technical and operational expertise to identify and
acquire 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 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