Big Sky Petroleum Amends Warrant Terms

Big Sky Petroleum Corporation (TSX VENTURE:BSP)(PINKSHEETS:BGKYF) ("Big Sky" or
the "Company") is seeking approval from the TSX Venture Exchange (the
"Exchange") to amend the terms of certain warrants which would otherwise expire
on October 25, 2013.


1,560,000 warrants granted on April 25, 2011 with the original expiry date of
October 25, 2012 which was extended to October 25, 2013 after getting the
Exchange's approval on October 2, 2012 and exercise price of $0.45, are now
extended to expire on October 25, 2015, with each warrant entitling the holder
to purchase one common share of the Company at $0.25 per share. Pursuant to
section 4.3(b) of TSX Venture Exchange Policy 4.1, the warrants will have an
accelerated term and will expire within 30 days if the closing price exceeds
$0.3125 for ten trading days.


About Big Sky

Big Sky Petroleum Corp. (TSX VENTURE:BSP) is a Canadian oil and gas exploration
and production company with U.S. operations in Texas and Montana. The Company is
currently focused on the development of unconventional tight oil reservoirs in
the Southern Midland Basin  of West Texas, and the Southern Alberta Basin of
Montana. The Company uses the latest technology and streamlined operations for a
scalable and repeatable business model based on precise execution, while still
emphasizing growth.


Mark T. Brown, Director & Chief Financial Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Big Sky Petroleum Corp.
Sandrine Lam
604-687-3520
[e-mail]
www.bspcorp.com