Bonavista Energy Corporation announced an leadership change which positions the company for continued long-term success. Effective December 3, 2012, Mr. Jason Skehar will be promoted to President and CEO and appointed as a director of the company. This appointment concludes a four year succession plan, which began with Mr. Skehar's appointment as President and COO in November of 2008.

As part of this succession process, Mr. Keith MacPhail will become Executive Chairman of the company, remaining actively engaged in the company's future strategy, vision, and long term objectives including the overall Board of Directors stewardship.