-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FvfGYtwJy2I6yHbPIkqxhUYqeaRoLXm9Fo0scHGJlW3ffMsJ3CiWPMWGxcMjVpfe
 qZm0rjF2euhvB6SnVrnF8w==

<SEC-DOCUMENT>0000912282-10-000176.txt : 20100205
<SEC-HEADER>0000912282-10-000176.hdr.sgml : 20100205
<ACCEPTANCE-DATETIME>20100205152929
ACCESSION NUMBER:		0000912282-10-000176
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100205
DATE AS OF CHANGE:		20100205
EFFECTIVENESS DATE:		20100205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bellatrix Exploration Ltd.
		CENTRAL INDEX KEY:			0001483405
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-138508
		FILM NUMBER:		10577305

	BUSINESS ADDRESS:	
		STREET 1:		530 - 8TH AVENUE S.W.
		STREET 2:		SUITE 2300
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3S8
		BUSINESS PHONE:		403-750-2655

	MAIL ADDRESS:	
		STREET 1:		530 - 8TH AVENUE S.W.
		STREET 2:		SUITE 2300
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3S8
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001483405</cik>
        <entityName>Bellatrix Exploration Ltd.</entityName>
        <issuerAddress>
            <street1>530 - 8TH AVENUE S.W.</street1>
            <street2>SUITE 2300</street2>
            <city>CALGARY</city>
            <stateOrCountry>A0</stateOrCountry>
            <zipCode>T2P 3S8</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>403-750-2655</issuerPhoneNumber>
        <jurisdictionOfInc>ALBERTA, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>True Energy Trust</previousName>
            <previousName>TKE Energy Trust</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Raymond</firstName>
                <middleName>G.</middleName>
                <lastName>Smith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue S.W., Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Edward</firstName>
                <middleName>J.</middleName>
                <lastName>Brown</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue S.W., Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Duncan</firstName>
                <middleName>A.</middleName>
                <lastName>Chisholm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Russell</firstName>
                <middleName>G.</middleName>
                <lastName>Oicle</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ving</firstName>
                <middleName>Y.</middleName>
                <lastName>Woo</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tim</firstName>
                <lastName>Blair</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W.C. (Mickey)</firstName>
                <lastName>Dunn</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>H.</middleName>
                <lastName>Cuthbertson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Murray</firstName>
                <middleName>B.</middleName>
                <lastName>Todd</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Raymond</firstName>
                <middleName>G.</middleName>
                <lastName>Smith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Murray</firstName>
                <middleName>L.</middleName>
                <lastName>Cobbe</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Doug</firstName>
                <lastName>Baker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Keith</firstName>
                <middleName>E.</middleName>
                <lastName>MacDonald</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <lastName>Johnson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Melvin</firstName>
                <middleName>M.</middleName>
                <lastName>Hawkrigg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>530 - 8th Avenue, Suite 2300</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3S8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Over $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-28</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>National Bank Financial Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>NBF Securities (USA) Corp.</associatedBDName>
                <associatedBDCRDNumber>25541</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>450 - 1st Street S.W., Suite 2800</street1>
                    <city>Calgary</city>
                    <stateOrCountry>A0</stateOrCountry>
                    <zipCode>T2P 3N9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Wellington West Capital Markets Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Wellington West Capital Markets (USA) Inc.</associatedBDName>
                <associatedBDCRDNumber>133617</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>129 - 8th Avenue S.W., Suite 300</street1>
                    <city>Calgary</city>
                    <stateOrCountry>A0</stateOrCountry>
                    <zipCode>T2P 1B4</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Genuity Capital Markets</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>350 - 5th Avenue S.W.</street1>
                    <city>Calgary</city>
                    <stateOrCountry>A0</stateOrCountry>
                    <zipCode>T2P 3C4</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Byron Securites Limited</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4 King Street West, Suite 1100</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5H 1B6</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Macquarie Capital Markets Canada Ltd.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>335 - 8th Avenue S.W. Suite 2020</street1>
                    <city>Calgary</city>
                    <stateOrCountry>A0</stateOrCountry>
                    <zipCode>T2P 1C9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>3042460</totalOfferingAmount>
            <totalAmountSold>3042460</totalAmountSold>
            <totalRemaining>0</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>152123</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Bellatrix Exploration Ltd.</issuerName>
                <signatureName>/s/ Edward J. Brown</signatureName>
                <nameOfSigner>Edward J. Brown</nameOfSigner>
                <signatureTitle>Vice President, Finance and Chief Financial Officer</signatureTitle>
                <signatureDate>2010-02-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----