Bellatrix Exploration Ltd. (TSX:BXE) has begun a sale and investment solicitation process to identify and pursue potential strategic options and alternatives with respect to Bellatrix to maximize value for the benefit of the company's stakeholders. The strategic process will explore a broad range of strategic options and alternatives that may be available to the company, including, but not limited to, transactions involving the sale of all or a portion of the business and assets or shares of the company, or refinancing, recapitalization or other restructuring transactions. The company intends to explore market interest with a range of potential parties, and remains engaged in ongoing discussions with certain existing key stakeholders in connection with Bellatrix's potential strategic and restructuring alternatives. Bellatrix has engaged BMO Capital Markets Corp. as its financial advisor to assist the company in connection with the conduct and implementation of the Strategic Process. There can be no assurance that the Strategic Process will result in a transaction.