Blackbird Energy Inc. Announces Farm Out Agreement at Its Mantario Oil Project and Operational Update for Its Elmworth Montne...

Blackbird Energy Inc. (TSX VENTURE:BBI)("Blackbird" or the "Company") is very
pleased to announce that is has entered into a Farmout Agreement (the
"Agreement") with a private oil and gas investment company ("PrivateCo") to
drill the first two horizontal wells at Blackbird's Mantario Oil Project (the
"Project"). Blackbird also is pleased to give an update on its operations
pertaining to its Elmworth Montney Acreage.


Mantario Farm Out Agreement 

Under the terms of the Agreement, PrivateCo will pay an aggregate of
approximately $1,600,000, or 100% of the costs to drill, complete and equip two
horizontal wells with a minimum of 600 metres of horizontal length, in order to
earn a 50.0% working interest in the Project. There is no payout being offered
with respect to this agreement. 


In addition to the capital commitments noted above, the Agreement also provides
for the cash payment by PrivateCo of an aggregate of approximately $200,000 for
land acquisition costs and data incurred by Blackbird in respect of the subject
lands. Blackbird will be the operator for the project. 


Blackbird and PrivateCo expect to commence drilling operations at the beginning
of Q4 2014 subject to rig availability. 


Garth Braun, CEO of Blackbird noted "We are very pleased to be bringing in a
financial partner to our Mantario Oil Project that will not only accelerate the
development of our oil discovery in Saskatchewan but will also allow Blackbird
to add further focus to the development of its Montney acreage at Elmworth."


Elmworth Montney Update 

In the Elmworth area Blackbird has a total of 31 sections (19,840 acres) of
Montney rights (27 contiguous sections). Blackbird has surveyed its first
surface location that will be used to target the upper and middle Montney
formation. Blackbird is currently in the process of licensing its first well
targeting the upper Montney.


About Blackbird 

Blackbird Energy Inc. is a Western Canadian based company that explores,
develops and produces oil and natural gas in Western Canada. The Company is
managed by a proven technical team. Blackbird trades on the TSX Venture Exchange
under the symbol BBI. 


Blackbird's team is focused on originating new high quality oil and liquids rich
gas projects in NW Alberta and Saskatchewan.  


For more information please visit the company's website and view the corporate
presentation at www.blackbirdenergyinc.com 


On behalf of the board of BLACKBIRD ENERGY INC. 

Garth Braun, Chief Executive Officer and Director

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS
OF THIS PRESS RELEASE. 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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blackbird Energy Inc.
Garth Braun
President and CEO
[phone]


Blackbird Energy Inc.
Joshua Mann
Vice President, Business Development
[phone]
www.blackbirdenergyinc.com


Brisco Capital Partners Corp.
Katrin Tosine
Director of Investor Relations
[phone]
[e-mail]