BNP Resources Inc. has provided the following operations update.

At Jensen, the 11-8-3-20W4M well has been drilled and cased. Based on log analysis this well has confirmed a northern extension to the original Mississippian pool discovery. BNP intends to complete this well prior to the end of this fiscal quarter. More information will be provided when available.

BNP also has elected to drop its option on the remaining 18 sections (11,520 gross acres) that it has held under option at Jensen. The Corporation is comfortable, based on extensive 3-D seismic review, that it has earned the rights to the entire Mississippian pool, including the rights to the zone below the base of the original Mississippian discovery made in the 5-4-3-20W4M well.

The Corporation can now focus on developing the remaining spacing units of the 3 sections (1920 gross acres) that have already been earned.

BNP is in the process of equipping and tie-in of its 2-8-3-20W4M Jensen well. This well should be on production before the end of August.

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