Bonavista Energy Corporation Announces Changes to Executive Officers

CALGARY, ALBERTA--(Marketwired - Sep 30, 2014) - Bonavista Energy Corp. ("Bonavista") (TSX:BNP) would like to announce the following changes to our management team:

• Mr. Bruce Jensen has been promoted to the position of Chief Operating Officer effective October 1^st, 2014. Mr. Jensen is a Professional Engineer and has over 30 years of energy industry experience. Bruce joined Bonavista as a Senior Development Engineer in 2002 and since that time has continued to take on roles with increasing responsibilities culminating in his appointment, in January 2011, to his current role as Vice President, Engineering.

• Mr. Colin Ranger has been promoted to the position of Vice President, Production effective October 1^st, 2014. Mr. Ranger holds a Bachelor of Science degree and has 14 years of energy industry experience. Colin joined Bonavista in 2005 and was promoted to Production Manager in 2011.

• Mr. Scott Hanson has resigned as Vice President, Production.

"On behalf of the Board of Directors and management of Bonavista I would like to thank Scott for his service and commitment over the past 12 years and wish him all the best in his future endeavors," stated Jason Skehar, President and Chief Executive Officer. "The appointments of Bruce and Colin display the depth of our leadership team and our confidence in our succession program. I look forward to working with them in their new capacities."

Bonavista is a mid-sized energy corporation committed to prudently operating high quality oil and natural gas properties and providing consistent returns to our shareholders while ensuring financial strength and sustainability.