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Press release from Marketwire

PetroBakken Confirms December Dividend

Friday, December 14, 2012

PetroBakken Confirms December Dividend17:29 EST Friday, December 14, 2012CALGARY, ALBERTA--(Marketwire - Dec. 14, 2012) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of December will be paid on January 15, 2013 to all PetroBakken shareholders of record on December 30, 2012. The December dividend will be $0.08 per PetroBakken share. The ex-dividend date is December 24, 2012. PetroBakken has a Dividend Reinvestment Plan ("DRIP") that provides a convenient and cost-effective method for eligible shareholders to increase their investment in PetroBakken by reinvesting their monthly cash dividend to acquire additional common shares of PetroBakken. For further information regarding our DRIP, please visit PetroBakken's website at www.petrobakken.com or contact Olympia Trust Company at 403-668-8887, toll free at 1-800-727-4493 or via email at corporateactions@olympiatrust.com.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. Our strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: PetroBakken Energy Ltd.John D. WrightPresident and Chief Executive Officer(403) 268.7800PetroBakken Energy Ltd.Peter D. ScottSenior Vice President and Chief Financial Officer(403) 268.7800PetroBakken Energy Ltd.Bill A. KantersVice President Capital Markets(403) 268.7800ir@petrobakken.comwww.petrobakken.com