BOWOOD ANNOUNCES CLOSING OF ALBERTA BAKKEN LEASE ACQUISITION AND JOINT
VENTURE WITH BLOOD TRIBE FIRST NATION

TSX VENTURE EXCHANGE: BWD

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Oct. 25 /CNW/ - Bowood Energy Inc. ("Bowood" or the "Company") is pleased to announce that it has closed its previously announced leasing arrangement with Kainaiwa Resources Inc. ("KRI"), a corporation wholly-owned by the Blood Tribe First Nation ("Blood Tribe") to acquire an interest in 94.75 net contiguous sections (60,640 net acres) of lands located within the Blood Tribe Reserve in southern Alberta (the "Transaction"). Please see the Company's press release dated September 7, 2010 for further particulars of this transaction.

With the closing of the Transaction, the outstanding subscription receipts of the Corporation have been exchanged for common shares effective today. Holders of subscription receipts will receive one common share for each subscription receipt held. Holders of subscription receipts are not required to take any action in order to receive the common shares to which they are entitled. The subscription receipts will be delisted from the TSXV and the common shares will be listed on the TSXV.

As a result of closing the Transaction, Bowood now holds a total of 183 net sections (117,000 net acres) of petroleum and natural gas rights on trend and prospective within the emerging Alberta Bakken oil resource play.

About Bowood Energy Inc.

With operations based in Calgary, Alberta, Bowood Energy Inc. is a TSX-V Tier 2 corporation. Through its wholly owned subsidiary, Bowood Energy Ltd., the Company is engaged in the acquisition, exploration, development, and production of oil and gas resources.  Projects are currently situated in the Provinces of Alberta and Saskatchewan.

Bowood Energy Inc.
Robert Mercier, President & CEO

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Bowood in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. Person absent registration or an applicable exemption from the registration requirements of such Act or laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For further information:

For more information on Bowood Energy Inc. (BWD: TSXV) and to see the updated corporate presentation please visit the website at: http://www.bowoodenergy.ca or contact:

You may also request additional information by emailing [email protected].