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Press release from Marketwire

PetroBakken Confirms August Dividend

Monday, August 15, 2011

PetroBakken Confirms August Dividend16:18 EDT Monday, August 15, 2011CALGARY, ALBERTA--(Marketwire - Aug. 15, 2011) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of August will be paid on September 15, 2011 to all PetroBakken shareholders of record on August 31, 2011. The August dividend will be $0.08 per PetroBakken share. The ex-dividend date is August 29, 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 Officer(403) 268.7800ORPeter D. ScottPetroBakken Energy Ltd.Senior Vice President and Chief Financial Officer(403) 268.7800ORR. Gregg SmithPetroBakken Energy Ltd.Senior Vice President and Chief Operating Officer(403) 268.7800ORWilliam A. KantersPetroBakken Energy Ltd.Vice President Capital Markets(403) 268.7800ir@petrobakken.comwww.petrobakken.com