BSP

Big Sky Petroleum Corp. (TSX VENTURE:BSP) - 



--  Big Sky is an early mover in this area.
--  New acreage is contiguous to areas acquired in December, 2012.
--  First well drilled in February.



Big Sky Petroleum Corp. has acquired a 90 percent working interest in 1,100
acres contiguous to its Midland Basin Wolfcamp Prospect. This lease acquisition
is in addition to the previously announced 2,300 acres that Big Sky acquired in
December, 2012, and on which Big Sky drilled its first well. This latest
acquisition increases the Midland Basin Prospect area to 3,400 + contiguous net
operated acres which is 90% owned by Big Sky.


Sam Nastat, President, stated, "Due to the information we have accumulated from
the Schafer No1. Well, Big Sky is actively seeking to increase its acreage
position within this Wolfcamp prospect."


The Wolfcamp is a blanket formation across the Permian Basin of western Texas
and acts as a source rock for much of the conventional oil production in the
area. The depth of the Wolfcamp formation is around 5,000 feet on the normally
pressured southeastern side of the play.


Big Sky is in the process of flow back and testing of the Schafer No.1 well
which was completed in February, 2013 and will provide updates on this well in
early April, 2013.


About Big Sky

Big Sky is an 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
in West Texas and the Southern Alberta Basin of Montana.


Sam Nastat, President

This press release contains "forward-looking information". Such forward-looking
statements reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including, the risks
and uncertainties outlined in our most recent financial statements and reports
and registration statement filed with the Canadian securities administrators
(available at www.sedar.com). Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those anticipated, believed, estimated or expected.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Big Sky Petroleum Corp.
Sandrine Lam
604-687-3520
1-888-889-4874 (FAX)
www.bspcorp.com

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