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Press release from Marketwire

PetroBakken Confirms June Dividend

Wednesday, June 15, 2011

PetroBakken Confirms June Dividend16:29 EDT Wednesday, June 15, 2011CALGARY, ALBERTA--(Marketwire - June 15, 2011) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of June will be paid on July 15, 2011 to all PetroBakken shareholders of record on June 30, 2011. The June dividend will be $0.08 per PetroBakken share. The ex-dividend date is June 28, 2011.PetroBakken Energy Ltd. is an oil and gas exploration and production company combining light oil Bakken and Cardium resource plays with conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken is applying leading edge technology to a multi-year inventory of Bakken and Cardium light oil development locations, along with a significant inventory of opportunities in the Horn River and Montney gas resource plays in northeast BC. Our strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield.FOR FURTHER INFORMATION PLEASE CONTACT: John D. WrightPetroBakken Energy Ltd.President and Chief Executive Officer403.750.4400ORR. Gregg SmithPetroBakken Energy Ltd.Chief Operating Officer403.750.4400ORPeter D. ScottPetroBakken Energy Ltd.Senior Vice President and Chief Financial Officer403.750.4400ORBill A. KantersPetroBakken Energy Ltd.Vice President, Capital Markets403.750.4400OREighth Avenue Place, 2800, 525 - 8th Avenue S.W.PetroBakken Energy Ltd.Calgary, Alberta T2P 1G1403.268.7800403.218.6075 (FAX)ir@petrobakken.comwww.petrobakken.com