Mr. Jason Skehar reports

BONAVISTA ENERGY CORPORATION CONFIRMS DIVIDEND FOR JANUARY 16, 2019

Bonavista Energy Corp. will pay a quarterly dividend of one cent per common share in cash on Jan. 16, 2019, to common shareholders of record on Dec. 31, 2018. The ex dividend date is Dec. 28, 2018.

Bonavista's dividend policy is reviewed quarterly and is based on future commodity prices, foreign exchange rates, the company's commodity hedging program, current operations and future investment opportunities. This dividend has been designated as an eligible dividend for Canadian income tax purposes.

Bonavista is focused on creating premium shareholder value through the efficient development of high-quality oil and natural gas assets.

We seek Safe Harbor.