Black Marlin Energy Holdings Limited Provides Corporate Update

BLACK MARLIN ENERGY HOLDINGS LIMITED (the "Corporation") (TSX VENTURE:BLM) is
pleased to announce that on Block 1101 in Madagascar, the Corporation has
entered into a heads of agreement with its partner in the block, to acquire a
further 40% of their 60% to the Corporation, in exchange for a carry on the
first well on the block to be paid by the Corporation. The parties expect to
enter into a binding farm-out agreement in connection with the heads of
agreement.


Post farm out the Corporation will hold an 80% working interest in the block.

This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.