Birch Lake Capital Inc. Announces Results of Annual General Meeting, Change of Name and Corporate Update

Birch Lake Capital Inc. (TSX VENTURE:BLA) ("Birch Lake" or the "Corporation) is
pleased to announce that the Corporation held its annual and special meeting of
shareholders on October 6, 2010 in which the shareholders of the Corporation
approved all the resolutions presented at the meeting, and that the Corporation
has changed its name to Birch Lake Energy Inc. and will begin trading under the
new symbol "BLK".


The resolutions that were approved by the shareholders at the annual and special
meeting included:




-  The re-election of Messrs. William H. Petrie, Raymond P Antony, Stanwill
   G.P. Grad and David Stadnyk as directors of the Corporation and the
   election of Mr. George Tsafalas, CFO of the Corporation as a new director
   of the Corporation for the forthcoming year; 
   
-  The receiving of the Corporation's audited consolidated financial
   statements for the year ended December 31, 2009 together with the
   auditor's report therein; 
   
-  The reappointment of KPMG LLP, Chartered Accountants, as auditors of the
   Corporation (including authorizing the Directors to fix the auditors'
   remuneration); 
   
-  The ratification and approval of the Corporation's Stock Option Plan; and
   
-  change of name of the Corporation to "Birch Lake Energy Inc.". 
   



The board and management of Birch Lake would like to thank all of the
shareholders of the Corporation who took the time to attend, or vote by proxy at
the meeting. All materials associated with the Corporation's annual and special
meeting are available in the Corporation's filings on the System for Electronic
Document Analysis and Retrieval (SEDAR).


Change of Name of the Corporation and New Trading Symbol 

Effective October 25, 2010, the Corporation changed its name to Birch Lake
Energy Inc. The TSX Venture Exchange (the "Exchange") issued its bulletin with
respect to the name change on October 25, 2010 and the Corporation expects that
the trading of its common shares on the Exchange under the new symbol "BLK" will
commence at the opening of trading on October 27, 2010.


Grant of Stock Options 

Effective October 13, 2010 the Board of Directors granted an aggregate of
1,085,000 options to officers, directors and consultants of which 635,000
options were granted to directors of the Corporation. Each option represents the
right to purchase one (1) common share of the Corporation at an exercise price
of $0.20 per share on or before October 13, 2015. The grant of options is
subject to Exchange approval.


Operational Update

Birch Lake announces an update of its 2010 activities.



-  Effective July 29, 2010, the Corporation completed the acquisition of
   Canadian Rigger Energy Inc. by way of a "three-cornered amalgamation" as
   the Corporation's Qualifying Transaction pursuant to the policies of the
   Exchange. 
-  The Corporation held it's Annual and Special Meeting of Shareholders on
   October 6, 2010. 
-  The Corporation's head office has moved to Suite 1650 First Alberta
   Place, 777 - 8th Avenue S.W. Calgary Alberta T2P 3R5. 
-  The Corporation is actively pursuing primarily oil opportunities in
   Alberta and Saskatchewan through farm-ins and Crown land postings and
   bids. Due to the current heavy oil price differential, the Corporation.
   is deferring further development of it's Edam heavy oil property at this
   time in favour of light oil opportunities. 
-  The Corporation is assembling a team of experienced individuals in the
   fields of drilling and production, oil and gas land and lease management,
   and exploration and exploitation. 
-  The Corporation is currently preparing a new web-site which will include
   details on management, directors, and activities and projects as they
   occur. This site is expected to be up within the next three weeks. 



Advisory

Certain information set forth in this news release contains forward-looking
statements or information, including statements regarding Birch Lake's trading
under a new trading symbol, pursuit of new light oil opportunities, addition of
management and new website. By their nature, forward-looking statements are
subject to numerous risks and uncertainties, some of which are beyond Birch
Lake's control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, imprecision
of reserve estimates, environmental risks, operational risks in exploration and
development, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the ability to access sufficient capital from internal and external sources.
Although Birch Lake believes that the expectations in our forward-looking
statements are reasonable, our forward-looking statements have been based on
factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward looking information. As such, readers are
cautioned not to place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity or
achievements. The risks, uncertainties, material assumptions and other factors
that could affect actual results are discussed in our Annual Information Form
and other documents available at www.sedar.com. Furthermore, the forward-looking
statements contained in this document are made as of the date of this document
and, except as required by applicable law, Birch Lake does not undertake any
obligation to publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this document are expressly
qualified by this cautionary statement.


About Birch Lake Capital Inc. 

Birch Lake is a junior oil and gas company engaged in the exploration for and
the acquisition development and production of natural gas and oil reserves. The
Corporation's common shares are listed to trade on the TSX Venture Exchange
under the symbol "BLA" and will begin trading under the symbol "BLK" on October
27, 2010.