Blackstone Closes Shares for Debt Transaction

   Blackstone Ventures Inc. (TSX VENTURE: BLV) ("Blackstone" or the "Company") has completed a share-for-debt transaction to satisfy amounts outstanding to Kima Geological Services Ltd. The Company has issued to Kima a total of 850,000 common shares in settlement of $68,000 of outstanding indebtedness. Shares issued are subject to a four month hold period.

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.

Neither 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.

Contacts: Blackstone Ventures Inc. Investor Relations 604-687-3929 604-682-3727 (FAX) www.blv.ca