Blackstone Announces Debt Settlement

Blackstone Ventures Inc. (TSX VENTURE:BLV) ("Blackstone" or the "Company") has
reached a settlement arrangement with Kima Geological Services Ltd. ("Kima"), a
company owned by Dean MacEachern, for the provision of geological and management
services.


The Company has agreed to issue to Kima a total of 850,000 common shares at a
deemed price of $0.08 per share in settlement of $68,000 of outstanding
indebtedness. Shares issued will be subject to a four month hold period.


The debt settlement is subject to the approval of the TSX Venture Exchange.

On behalf of Blackstone Ventures Inc.

David M. Douglas, Chief Financial Officer

Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.