Brookwater Adopts Advance Notice Policy

Brookwater Ventures Inc. (TSX VENTURE:BW) has adopted a new policy that requires
advance notice to the company for nominations of directors other than by
management, through a requisition for a meeting or by way of a shareholder
proposal. 


Among other things, the policy fixes a deadline by which holders of record of
common shares of Brookwater must submit director nominations to the company
prior to any annual or special meeting of shareholders and sets forth the
information that a shareholder must include in the notice to Brookwater for the
notice to be in proper written form.


In the case of an annual meeting of shareholders, notice to Brookwater must be
made not less than 30 nor more than 65 days prior to the date of the annual
meeting, provided that in the event that the annual meeting is to be held on a
date that is less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may be made not
later than the close of business on the tenth day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to Brookwater must be made not later than the close of business
on the 15th day following the day on which the first public announcement of the
date of the special meeting was made.


The new policy is intended to: (i) facilitate an orderly and efficient annual
general or special meeting process; (ii) ensure that all shareholders receive
adequate notice of the director nominations and sufficient information regarding
all director nominees; and (iii) allow shareholders to register an informed vote
after having been afforded reasonable time for appropriate deliberation. 


The policy is effective immediately and will be placed before Brookwater's
shareholders for approval at the company's annual general and special meeting of
shareholders scheduled to be held on March 26, 2013. 


The full text of the policy is available under Brookwater's profile at
www.sedar.com. 


About Brookwater:

Brookwater Ventures Inc. is a Canadian independent oil exploration company
focused on growing its asset base primarily in Brazil. 


Forward-looking information

This news release contains forward-looking information relating to the Company's
growth and corporate strategy, and other statements that are not historical
facts. Forward-looking information relates to management's future outlook and
anticipated events or results, and may include statements or information
regarding the advance notice policy; and the future plans or prospects of the
Company. Although management of the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. 


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks and uncertainties associated
with oil and gas exploration, development, exploitation, delays resulting from
or inability to obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources, reliance on key
personnel, regulatory risks and delays and other risks and uncertainties
discussed in the management discussion and analysis section of the Company's
interim and most recent annual financial statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking information.


The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters
discussed above.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brookwater Ventures Inc.
Ahmed Said
President & CEO
403-263 3000
[e-mail]