CALGARY, Canada, February 27, 2010 - BNK Petroleum Inc. (the "Company" or "BNK")/(TSX: BKX) is pleased to announce a 182% increase of its Tishomingo shale gas field reported proved and probable reserves ("2P") to 37.9 million boe from 13.5 million boe at year end 2008. Proved and Probable reserves as of December 31, 2009 were U.S.$241.2 million, up from 2008 year end of U.S.$187.8 million, calculated at a 10% pre-tax present value ("NPV") of future net revenue. Proved reserves ("1P") were up 198% to 24.9 million boe from 8.4 million boe at year end 2008. Unless otherwise stated, reserves refer to reserves of natural gas, natural gas liquids and crude oil expressed in barrels of oil equivalent ("boe"). Certain amounts cited herein have been rounded for presentation purposes.

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