Blackbird Energy Announces Closing of First Tranche of Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI), is
pleased to announce that it has closed the first tranche (the "First Tranche")
of its brokered private placement previously announced on November 8, 2011 (the
"Private Placement") and led by lead agent PI Financial Corp. (the "Agent").


The Company raised gross proceeds of $1,017,500 in the First Tranche through the
issuance of a total of 1,730,000 units (each, a "Unit"), at a price of $0.20 per
Unit and 3,357,500 flow-through shares (each, a "Flow-Through Share") at a price
of $0.20 per Flow-Through Share. Each Unit consists of one common share in the
capital of the Company and one common share purchase warrant exercisable at a
price of $0.30 until November 25, 2013.


Pursuant to an agency agreement entered into between the Company and the Agent,
an aggregate of 305,250 Agent's warrants were issued to the Agent and its
selling group, representing 6% of the Units and Flow-Through Shares sold in the
First Tranche. In addition, the Agent has also been paid a cash commission of
$61,050, representing 6% of the gross proceeds of the First Tranche, and has
been granted a right of first refusal to act as financial advisor, agent or
underwriter, as applicable, in respect of any corporate transaction, brokered
offering to the public or brokered private placement being undertaken by
Blackbird within 18 months from the closing of the Private Placement.


In conjunction with the Private Placement, the Company has also closed on
non-brokered subscriptions of 62,500 Units and 300,000 Flow-Through Shares for
gross proceeds of $72,500.


All of the securities issued pursuant to the Private Placement and any
non-brokered subscriptions will be subject to a four month hold period.


The net proceeds from the Private Placement will be applied to the Company's
project with Donnybrook Energy Inc. for the lease construction and drilling of
the next Montney well at Bigstone. The proceeds from the Flow-Through Shares
sold will be used by Blackbird to incur eligible Canadian exploration expenses.
The well is estimated to spud prior to year end.


Blackbird currently anticipates the second tranche of the Private Placement to
close by mid December.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About Blackbird

Blackbird's Bigstone Project is comprised of lands and licences covering a total
of 4,480 acres, in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By
completing the terms of the farm in agreement, Blackbird has earned 25% of
Donnybrook Energy Inc.'s interest in the Bigstone lands and in any future
operations within an area of mutual interest.


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.

Garth Braun, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the closing of the second tranche of
the Private Placement and Donnybrook's ability to drill the next well on the
project, the timing of the drilling and any results from the well specifically
or the Montney Shale play in general. 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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