(TSX VENTURE:BBI) Blackbird Investments Inc. ("Blackbird" or the "Corporation"),
is pleased to provide an update on the re-entry and re-completion on the two
existing Mather's wells.


Both the Mathers 2-74 and 2A-74 wells have been re-entered, acid washed and
perforated. The Corporation then proceeded with the frac of the Mathers 2-74 to
access the Missouri D formation, with the intention of then returning to the
Mathers 2A-74 to frac the Virgillian formation. Unfortunately, during the
perforation and frac activities, the casing in the Mathers 2-74 well was
damaged. Due to the separation in the casing there was an intrusion in the well
bore of formation fines, which closed much of the well off. This has resulted in
a delay in accessing and evaluating the Missouri D zone. We are currently moving
forward to complete the repair to the casing. The delay as a result of the
required repairs should be modest.


About Blackbird

Blackbird's wholly-owned subsidiary Blackbird Energy LLC ("Blackbird Energy")
holds a 75% interest in 3,857 acres of leasehold land located in Gray County,
Texas known locally as the "Mathers-Gordon Prospect". Blackbird intends to
aggressively develop this prospect and has committed to spend a minimum of
$2,200,000 US developing the prospect in the next twelve months. The
Mathers-Gordon Prospect is a multi pay oil and gas prospect. Blackbird Energy
will be the operator of the prospect. In addition, Blackbird plans to actively
look for further oil and gas properties for acquisition or potential joint
ventures.


On behalf of the board of BLACKBIRD INVESTMENTS INC.

William L. Macdonald, President and Director

Blackbird Energy Inc. (TSXV:BBI)
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