Blackbird Energy Increases Its Ownership to a 75% Interest in Mathers Gordon Prospect

Blackbird Energy Inc. ("Blackbird" or the "Corporation") (TSX VENTURE:BBI) is
pleased to announce that it has entered into an agreement with the vendor of its
Mathers-Gordon Prospect, amending the terms of the original purchase agreement. 


Pursuant to the amended terms, Blackbird has increased its interest in the
Prospect from 50% to 75%. In consideration for the foregoing, Blackbird has
agreed to (1) a one-time payment of US$30,000, (2) pursue a three well farm out
arrangement (with step out provisions) for further development of key formations
in the Prospect, and (3) finish the recompletion of the two Mathers Prospect
wells currently in process. In addition, the amended terms provide for an
accelerated payback to Blackbird for all costs incurred to date and all
subsequent re-completion costs.


As previously announced, Blackbird has re-entered 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, and have been
awaiting further re-completion efforts. The requirement for additional work on
these wells provided an ideal opportunity to negotiate an increase to
Blackbird's interest, for what the Corporation feels is a nominal amount given
the added value. 


Garth Braun, Blackbird CEO, stated, "We are extremely pleased with the new terms
of our arrangement and the fact that we could increase our interest with such
favorable conditions. Under these revised terms, we have further incentive to
successfully re-complete the two wells. In regards to the farm-out condition
that we have negotiated, we are very pleased at this opportunity to mitigate our
risk and preserve capital. The Granite Wash is a very high profile field with
substantial interest, and so we are confident on entering into a farm out on
terms very favorable to Blackbird. We anticipate entering into a three well farm
out package in the near future."


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". The Mathers-Gordon
Prospect is a multi pay oil and gas prospect. Blackbird Energy is 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 ENERGY 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 wells. 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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