BNP Petroleum Corporation Signs Letter of Intent to Acquire Operating Company IRVING, Texas, Feb. 15 /PRNewswire-FirstCall/ -- BNP Petroleum Corporation (OTC Pink Sheets: BPET), an independent oil and gas company, announced today that it has entered into a letter of intent to acquire 100% of the stock of American Petroleum Corporation, a North Texas oil and gas Operations Company. American currently owns and operates wells in Archer and Wichita counties, Texas. The Company Director, Rafael Pinedo said today, "Combination with American will be an important step in BNP's development. American Petroleum will give us an operating company that not only brings additional properties in North Texas, but will let us operate our own wells, an important part of our business strategy." About BNP Petroleum Corporation: Headquartered in Irving, Texas, BNP Petroleum Corporation is a publicly traded independent oil and gas company. The Company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the Company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. The information herein is subject to change without notice. BNP Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein. DATASOURCE: BNP Petroleum Corporation CONTACT: Investor Relations of BNP Petroleum Corporation, +1-214-687-0000, ext. 222 Web site: http://www.bpetroleum.com/

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