BNP Resources Inc. - Operations update



    /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO
    ANY UNITED STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS
    RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    TSX-V BNX.A/BNX.B

    CALGARY, Nov. 5 /CNW/ - BNP Resources Inc. ("BNP"or the "Corporation") is
pleased to provide the following update.

    
    -   BNP has drilled, cased and is in the process of completing a follow-
        up well, which has penetrated a significant pay column within the
        same geological zone and in proximity to its well which penetrated a
        significant oil column announced on October 24th. Further delineation
        wells are being planned. However, the Corporation is still not in a
        position to assess the true potential of these two wells until they
        are on production and a reserve report is completed by an independent
        reservoir engineering firm in connection with the evaluation of the
        Corporation's reserves as at year end.

    -   The Corporation has also entered into an agreement in principle with
        the National Bank of Canada to provide operational and development
        financing capacity. BNP will have operational lending capacity of up
        to $750,000 and will have development capacity of up to $2.5 million
        to assist the Corporation with equipping and tie-in of the five wells
        announced in its previous press release. These revolving lines of
        credit are at prime plus 1% and prime plus 1.25%, respectively. The
        Corporation anticipates closing of the bank financing by the middle
        of November.
    

    "We are very pleased with the results of this most recent well," says
Gregory Bilcox, President and CEO. "BNP intends to follow up on these two
wells with a substantial development program in 2008, and we are very pleased
to have the National Bank of Canada's support." continues Mr. Bilcox.
    BNP is actively engaged in the exploration for, the development and
production of, natural gas and oil reserves. BNP's business strategy is to
build sustainable and profitable per share growth through selective
acquisitions and internally generated exploration and development drilling.
    BNP has approximately 9,604,100 Class A shares and 922,500 Class B shares
issued and outstanding which trade on the TSX Venture Exchange under the
symbols "BNX.A and "BNX.B".
    Further information with regards to BNP may be found on the SEDAR website
www.sedar.com or on BNP's website www.bnpresources.com.

    ADVISORY: This press release may contain forward-looking statements
including management's assessment of future plans and operations and
expectations of future production, cash flow and earnings. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from
those anticipated. These risks include, but are not limited to: the risks
associated with the oil and gas industry (e.g. operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses and health, safety and
environmental risks), commodity price and exchange rate fluctuation and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. The
forward-looking statements contained in this press release are made as of the
date hereof and BNP undertakes no obligations to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

For further information: Gregory Bilcox, President and CEO, BNP
Resources Inc., Phone: (403) 695-1091, Fax: (403) 265-0413; Gordon B. Paul, VP
Finance and CFO, BNP Resources Inc., Phone: (403) 695-1095, Fax: (403)
265-0413

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BNP Resources Inc.

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