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Operational Updates

Bellatrix Exploration Continues to Focus on its Cardium Light Oil Drilling, Duvernay Update

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Bellatrix Exploration Ltd. announces its operating results for the three and six months ended June 30, 2012.

Operational highlights for the three and six months ended June 30, 2012 include:

During the first six months of 2012, Bellatrix successfully drilled and/or participated in 15 gross (12.44 net) wells resulting in 11 gross (8.94 net) Cardium light oil horizontal wells and 4 gross (3.5 net) liquids rich natural gas horizontal wells. Bellatrix drilled 1 gross (0.72 net) Cardium light oil well and 1 gross (1.0 net) Cardium liquids rich natural gas well in the second quarter of 2012.

The Cardium liquids rich gas well has not been completed to date due to weather delays. In Willesden Green the Company completed the 1 gross (0.72 net) Cardium oil well that has averaged 874 boe/d for the…

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