Blackbird Energy Inc.: Announces Pooling Agreement With Trilogy Energy & TAQA North on Its Montney Lands and Third Montney Ho...

Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company"), further
to our press release of February 22, 2012, is pleased to announce that the
negotiations have been completed and the "Cross-Conveyed Pooling and
Participation Agreement" (the "Agreement") has been signed to pool the P&NG
rights in the Triassic Montney formation held by Blackbird and partners in
section 28-060-22W5 with those held jointly by Trilogy Energy and TAQA North in
the adjacent section 33-060-22W5 for the purpose of drilling an extended reach
horizontal, Joint Well on the Pooled Lands. Blackbird will hold an undivided
12.5% pooled interest in the Pooled Lands and will participate as to a 12.5%
working interest in the development of the Pooled Lands, which may potentially
include drilling up to four extended reach Joint Wells on the Pooled Lands.
After pooling, Blackbird will hold interests in a total of 8 sections (5,120
acres) or 1.75 net sections (1,120 acres) of land at Bigstone. Pre-pooling,
Blackbird held a 25% interest in 7 sections (4,480 acres) or 1.75 net sections
(1,120 acres) at Bigstone.


The initial Joint Well on the Pooled Lands is to be drilled from its surface
location within LSD 4 of section 28-060-22W5M to the Triassic Montney formation
underlying the Pooled Lands within LSD 5 of section 28-060-22W5M and then
drilled horizontally approximately 2,568 meters through the Triassic Montney
formation to a bottom hole location on the Pooled Lands within LSD 13 of section
33-060-22W5M. Donnybrook Energy Inc., operator of drilling operations, has
secured a drilling rig and expects to commence drilling March 2, 2011.


Garth Braun, CEO states, "Trilogy has been very active and successful in
utilizing horizontal drilling and multi stage fracturing techniques to develop
resource plays including the Montney, and we look forward to the positive
results this relationship should achieve. Recent well licenses issued in
December and January for extended reach Montney horizontals at locations in
close proximity to our Bigstone acreage by industry competitors provides us with
further evidence of the reserves potential of the Montney. The pooling of a
portion of our lands has resulted in expanding our gross acreage position, a
feat (gaining land position) of which is becoming more and more difficult with
the heightened focus the Bigstone area appears to be attracting."


About Blackbird

Blackbird's Pre Pooling, Bigstone Project was comprised of lands and licences
covering a total of 4,480 gross acres (net 1,120 acres), in Township 60, ranges
22 and 23W5 at Bigstone, Alberta. By completing the terms of a farm in agreement
with Donnybrook Energy Inc, Blackbird earned 25 per cent of Donnybrook'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 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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