Blackbird Energy Inc. Announces Letter of Intent for Acquisition of Ruger Energy Inc.

Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is
pleased to announce that it has entered into a non binding Letter of Intent
("LOI") dated August 2, 2012 with Ruger Energy Inc. ("Ruger") for the
acquisition of Ruger by Blackbird (the "Acquisition"). Ruger's assets consist of
cash and oil and gas assets. The Acquisition will be subject to the approval of
the TSX Venture Exchange (the "Exchange"). The Acquisition is an arm's length
transaction.


Ruger is a junior oil and gas exploration and development company in Alberta.

The Ruger Oil and Gas Assets

Ruger has a 100% working interest in 680 acres in Alsask area located on the
Alberta/Saskatchewan border. The property has 3 producing Mannville oil wells
and 1 Glauconite water disposal well. Present production is 20 bopd. The oil is
15 degree API. The Glauconite disposal well takes water on vacuum at 150 bwpd. 


This Mannville pool is an outlier to the large Conoco Marengo pool 6 miles east.
Other outlying pools have been discovered in the area as well. These wells have
produced in excess of 230,000 barrels of oil to date. Proved and probable
producing remaining reserves are 29,000 bbls. PVBT10 is $1,010,000.


Terms of the Transaction 

If the Acquisition is completed pursuant to the terms of the LOI, Blackbird will
acquire Ruger by issuing common shares of its capital stock (the "Acquisition
Shares") to Ruger at a deemed price per share of $0.12, based upon the net asset
value of Ruger at closing. The net asset value of Ruger as determined at closing
may not represent fair market value. The Acquisition is subject to a number of
conditions precedent which include completion of due diligence reviews by the
parties, successful negotiation of a definitive purchase agreement, and receipt
of all required regulatory and Exchange approvals.


Directors and Insiders 

As a result of the issuance of the Acquisition Shares, Ruger will become an
insider of Blackbird. 


It is expected that the board of directors and management of the Blackbird will
have the following individuals added:


Murray Scalf - Director

Mr. Murray Scalf has over 25 years of experience in the oil and gas industry.
Mr. Scalf is currently on the boards of Donnybrook Energy Inc. and Donnycreek
Energy Inc. Most recently, Mr. Scalf was the President of Dorado Energy Inc., a
private oil and gas exploration and production company acquired by Wildstream
Exploration Inc. in January 2010. Mr. Scalf was formerly the President of Denim
Exploration Corp., and prior thereto, President of Dorchester Energy Inc., both
Calgary-based oil and gas companies which were ultimately acquired by senior
Canadian producing oil and gas companies. Mr. Scalf is a member of the Canadian
Association of Petroleum Landmen.


Darrell G. Denney - Director and Chief Operating Officer

Mr. Denney is a Registered Engineering Technologist with 30 years of diversified
oil and gas industry experience including production, exploitation, drilling and
completions. Recently, Mr. Denney has been providing engineering consulting
services for Donnybrook Energy Inc. Prior to that he was Vice President of
Operations at Dorado Energy Inc. Before Dorado, Mr. Denney worked with the same
management team at Denim Exploration Corp. He was Vice President of Operations
at Invasion Energy Inc. from 1999 -2001. From 1996 - 1998 Mr. Denney was Manager
of Operations for Merit Energy Ltd. During the period 1990 - 1995 Mr. Denney
held managerial and supervisory positions with Winfield Energy Ltd., Tarragon
Oil and Gas Ltd. and Opinac Exploration Ltd. Mr. Denney began his career in the
petroleum industry working for Dome Petroleum Ltd. 1981-1987 and Phillips
Petroleum Resources Ltd. 1987 - 1990. 


Garth Braun, CEO of Blackbird stated, "We are very pleased with the development
of Blackbird and the addition of two very experienced operators to the team. We
feel that adding this tremendous operational expertise will enhance shareholder
value, as value achievement for our shareholders must be created both through
the development of our existing project and also with the origination of new
projects that are oil weighted. The business plan going forward will be to build
on the strength of our Bigstone liquid rich deep basin gas play, and also focus
on adding additional assets where Blackbird is the operator, which we are now in
a position to capitalize on."


About Blackbird

Blackbird's Bigstone Project is comprised of lands and licenses covering a total
of 5,120 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.


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 completion of definitive agreement
for the Acquisition, the acquisition of Ruger and the valuation of the Ruger
assets. 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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