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Press release from Marketwire

Baytex Confirms Monthly Dividend for July at $0.22 Per Share

Monday, July 15, 2013

Baytex Confirms Monthly Dividend for July at $0.22 Per Share

16:15 EDT Monday, July 15, 2013

CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) reports that a cash dividend of $0.22 per common share in respect of July operations will be paid on August 15, 2013 to shareholders of record on July 31, 2013. The ex-dividend date is July 29, 2013. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

The U.S. dollar equivalent dividend amount is approximately US$0.2117 per share assuming a foreign exchange rate of $0.9623 USD/CAD. The actual U.S. dollar equivalent dividend for shareholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered shareholders are paid directly by Baytex's transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent dividend will be based on the exchange rate in effect on the record date and net of applicable Canadian withholding taxes.

The annualized dividend of $2.64 per share represents a dividend yield of approximately 6.2% based on the closing price of our common shares on the Toronto Stock Exchange on July 12, 2013 of $42.72.

Baytex has a Dividend Reinvestment Plan that provides a convenient and cost-effective method for eligible holders in Canada and the United States to maximize their investment in Baytex by reinvesting their monthly cash dividends to acquire additional common shares. For further information regarding the Dividend Reinvestment Plan, please visit our website at www.baytex.ab.ca or contact Valiant Trust Company at 1-866-313-1872.

Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the United States. Approximately 89% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares which are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

All dollar amounts in this press release are Canadian dollars unless otherwise identified.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Baytex Energy Corp.
Brian Ector
Vice President, Investor Relations
1-800-524-5521
investor@baytex.ab.ca
www.baytex.ab.ca

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