Bellatrix Exploration Ltd. declared strong preliminary 2015 operational results and a focused first half 2016 capital budget of $46 million. Building on the operational successes from 2015, the Company's first half 2016 capital budget targets continued full cycle profitable growth through development of the Company's Spirit River liquids rich natural gas play, which remains one of the lowest supply cost natural gas plays in North America.

Through continued capital discipline, the first half 2016 capital budget maintains a balance between preserving liquidity and financial flexibility through the current commodity price cycle while sustaining corporate production volumes, thereby positioning the Company for long term shareholder value creation.

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