Bowood Announces Review of Strategic Alternatives

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Bowood Energy Inc. ("Bowood" or the "Company") (TSX VENTURE:BWD) announces that
its Board of Directors has determined to evaluate a range of strategic
alternatives aimed at enhancing shareholder value. In addition, Bowood has
engaged GMP Securities L.P. ("GMP") to advise the Board of Directors with
respect thereto. 


Strategic alternatives may include, among other alternatives: a sale of the
shares of the Company, either in one transaction or in a combination of
transactions; a merger, recapitalization, arrangement, amalgamation or any
combination thereof; or a sale of a material portion of the assets of the
Company. 


The Company cautions that there are no guarantees that the strategic alternative
review process will result in a transaction or, if a transaction is undertaken,
as to its terms or timing. The Company has not set a definitive schedule to
complete its evaluation and does not intend to disclose developments with
respect to this process unless and until the evaluation has been completed or a
definitive agreement has been reached, unless otherwise determined or required
by law.


For additional information please email requests to [e-mail].

About Bowood Energy Inc.

With operations based in Calgary, Alberta, Bowood Energy Inc. is a TSX-V Tier 2
corporation. Through its wholly owned subsidiary, Bowood Energy Ltd., the
Company is engaged in the acquisition, exploration, development, and production
of oil and gas resources. Projects are currently situated in the Provinces of
Alberta.


For more information on Bowood Energy Inc. (TSX VENTURE:BWD) and to see the
updated corporate presentation please visit our website at:
http://www.bowoodenergy.ca.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Bowood in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities to be offered have
not been and will not be registered under the United States Securities Act of
1933, as amended, or any state securities laws and may not be offered or sold
within the United States or to or for the account or benefit of a U.S. Person
absent registration or an applicable exemption from the registration
requirements of such Act or laws.


Reader Advisories

Forward-Looking Statements: Certain information included in this press release
constitutes forward-looking statements and information under applicable
securities legislation. Such forward-looking information is provided for the
purpose of providing information about various matters related to the strategic
alternatives process. e. Readers are cautioned that reliance on such information
may not be appropriate for other purposes, such as making investment decisions.
Forward-looking information typically contains statements with words such as
"anticipate", "believe", "expect", "plan", "intend", "estimate", "propose",
"project" or similar words suggesting future outcomes or statements regarding an
outlook. Forward-looking information in this press release may include, but is
not limited to, information with respect to the strategic alternatives review
process, the potential types of transactions that could result from the
strategic alternatives review process,, the anticipated benefits of enhanced
shareholder value that may result from such potential transaction.
Forward-looking information is based on a number of factors and assumptions
which have been used to develop such information but which may prove to be
incorrect. Although Bowood believes that the expectations reflected in such
forward-looking information are reasonable, undue reliance should not be placed
on forward-looking information because Bowood can give no assurance that such
expectations will prove to be correct. In addition to other factors and
assumptions which may be identified in this press release, assumptions have been
made regarding and are implicit in, among other things the ability of Bowood to
conduct the strategic alternatives review process and if a transaction is
entered into, to realize the anticipated benefits of thereof. Readers are
cautioned that the foregoing list is not exhaustive of all factors and
assumptions which have been used. Forward-looking information is based on
current expectations, estimates and projections that involve a number of risks
and uncertainties which could cause actual results to differ materially from
those anticipated by Bowood and described in the forward-looking information.
The material risk factors affecting Bowood and its business are contained in
Bowood's Annual Information Form which is available under Bowood's issuer
profile on SEDAR at www.sedar.com. The forward-looking information contained in
this press release is made as of the date hereof and Bowood undertakes no
obligation to update publicly or revise any forward-looking information, whether
as a result of new information, future events or otherwise, unless required by
applicable securities laws. The forward looking information contained in this
press release is expressly qualified by this cautionary statement.