SYS-CON MEDIA Authors: Bob Gourley, Greg Schulz, Don Nelson, Gilad Parann-Nissany, Noel Wurst

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Bonavista Energy Corporation Confirms Dividend for July 15, 2014

CALGARY, ALBERTA -- (Marketwired) -- 06/16/14 -- Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a dividend of $0.07 per common share will be paid in cash on July 15, 2014 to common shareholders of record on June 30, 2014. The ex-dividend date is June 26, 2014.

Bonavista's dividend policy is reviewed monthly and is based on future commodity prices, foreign exchange rates, our commodity hedging program, current operations and future investment opportunities. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Bonavista is a mid-sized energy corporation committed to maintaining its emphasis on operating high quality oil and natural gas properties, providing moderate growth and delivering consistent dividends to its shareholders and ensuring financial strength and sustainability.

Forward-Looking Statements

Corporate information provided herein contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, particularly those pertaining to cash dividends, production volumes, commodity prices, operating costs and drilling results, which are considered reasonable by Bonavista at the time of preparation, may be proven to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. There is no representation by Bonavista that actual results achieved during the forecast period will be the same in whole or in part as those forecasts.

Contacts:
Keith A. MacPhail
Executive Chairman

Jason E. Skehar
President & CEO

Glenn A. Hamilton
Senior Vice President & CFO

Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
www.bonavistaenergy.com

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