Bonavista Energy Corporation Announces New Director Appointment

CALGARY, ALBERTA--(Marketwired - May 2, 2014) - Bonavista Energy Corp. (TSX:BNP) ("Bonavista") is pleased to announce the appointment of Mr. Robert G. Phillips to its Board of Directors, effective today.

As the current Chairman, President and Chief Executive Officer of Crestwood Midstream Partners LP, and Crestwood Equity Partners LP, based in Houston, Texas, and a highly respected energy executive with over 30 years of experience, Mr. Phillips brings an intimate knowledge of the North American midstream market and strong public company executive expertise to Bonavista. Prior to Crestwood, Mr. Phillips held various management positions including President and Chief Executive Officer at Enterprise Products Partners L.P., El Paso Corporation, and Eastex Energy Inc.

Mr. Phillips holds a Bachelor of Business Administration from the University of Texas at Austin and a Juris Doctorate from the South Texas College of Law.

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.