Blackbird Investments Inc. Provides Operational Update

Blackbird Investments Inc. ("Blackbird" or the "Corporation") (TSX VENTURE:BBI),
is pleased to announce the status of the re-entry and re-completion operations
on two Mather's Prospect wells located in the Thorndike Field, Gray County,
Texas.


The Mathers 2-74 and 2A-74 wells were re-entered, perforated and fracture
stimulated in gas bearing zones not previously produced from the wells. After
the fracture treatment the wells were flowed to clean out frac fluids and
produced gas at measured rates of:


- Mathers #2-74R Well, perforated in the Missouri D formation: 600 MCFD through
a 16/64" choke at an average flowing pressure of 400 psi, throughout the 12 hour
flow period, conducted on January 8, 2010;


- Mathers #2A-74R Well, perforated in the Virgilian formation: 350 MCFD through
a 16/64" choke at an average flowing pressure of 250 psi, throughout the 6 hour
flow period, conducted on January 11, 2010.


The wells produced formation water at fluctuating rates during clean-up
operations, which is not uncommon for similar completions in the area.
Additional work-over operations are currently underway, subsequent to which
production testing will be carried out to establish productive capability of the
completed intervals. The Mathers property is a multi-zone prospect and holds the
potential for multiple completions within a single wellbore and produced on a
commingled basis. Information on test results will be provided as operations
progress.


Garth Braun, Blackbird CEO, stated "We are extremely pleased with these results,
and the confirmation and validation that this provides for our investment. We
believe that this bodes extremely well for further development wells in the
Granite Wash."


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

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the Company's anticipated production
from the two Mathers well. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such statements are subject to
risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the Company will
obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied by the
forward-looking statements, including: (1) a downturn in general economic
conditions in North America and internationally, (2) the inherent uncertainties
and speculative nature associated with oil and gas exploration and production,
(3) a decreased demand for natural gas, (4) any number of events or causes which
may delay or cease exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical failures,
safety concerns and labour problems; (5) the risk that the Company does not
execute its business plan, (6) inability to retain key employees, (7) inability
to finance operations and growth, and (8) other factors beyond the Company's
control. These forward-looking statements are made as of the date of this news
release and, except as required by law, the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking statements.
Blackbird Energy Inc. (TSXV:BBI)
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