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.