Last updated on April 24, 2014 at 17:35 EDT

Bellatrix Exploration Ltd. Announces Extension to Korean JV

April 23, 2013


CALGARY, April 23, 2013 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix”
or the “Company”) (TSX: BXE), (NYSE MKT: BXE) announces that the Seoul
Korea based company, has requested and been granted a one month
extension to the closing for the previously announced Ferrier area
Korean $300 million Cardium Joint Venture.  The closing is anticipated
on or before May 31, 2013.

Bellatrix Exploration Ltd. is a Western Canadian based growth oriented
oil and gas company engaged in the exploration for, and the
acquisition, development and production of oil and natural gas reserves
in the provinces of Alberta, British Columbia and Saskatchewan.  Common
shares and convertible debentures of Bellatrix trade on the Toronto
Stock Exchange under the symbols BXE and BXE.DB.A, respectively, and
the common shares of Bellatrix trade on the NYSE MKT under the symbol

Forward looking statements: Certain information set forth in this news
release, including management’s assessments of the future plans and
operations including the anticipated closing date of the Cardium Joint
Venture, may be considered forward-looking statements, and necessarily
involve risks and uncertainties, certain of which are beyond
Bellatrix’s control, including risks related to satisfaction of
conditions precedent to the Cardium Joint Venture and related to
closing thereof. Actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given
that any events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that
Bellatrix will derive therefrom. Additional information on these and
other factors that could affect Bellatrix are included in reports on
file with Canadian securities regulatory authorities and the United
States Securities and Exchange Commission (the “SEC”) and may be
accessed through the SEDAR website (www.sedar.com), the SEC’s website (www.sec.gov) or at Bellatrix’s website www.bellatrixexploration.com. Furthermore, the forward-looking statements contained in this news
release are made as of the date of this news release, and Bellatrix
does not undertake any obligation to update publicly or to revise any
of the included forward looking statements, whether as a result of new
information, future events or otherwise, except as may be expressly
required by applicable securities law.

SOURCE Bellatrix Exploration Ltd.

Source: PR Newswire