Blackbird Energy Inc. Announces Amendment to Proposed Acquisition of Ruger Energy Inc.

Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") today
announced that, due to market conditions, it has entered into an amending
agreement dated October 22, 2012 with respect to its proposed acquisition of
Ruger Energy Inc. ("Ruger"), a junior oil and gas exploration and development
company in Alberta (the "Acquisition").


The Amending Agreement revises the terms of the Securities Exchange Agreement
dated September 24, 2012 by reducing the deemed price of the transaction units
(each, a "Transaction Unit") to be issued by Blackbird to the shareholders of
Ruger, from $0.12 to $0.101 per Transaction Unit. With each Transaction Unit
being comprised of one common share (a "Transaction Share") and one-half of one
share purchase warrant (a "Transaction Warrant"), the price revision will result
in an aggregate of 47,143,250 Transaction Shares and 23,571,625 Transaction
Warrants being issued. All other terms of the Acquisition remain the same.


Garth Braun, Chief Executive Officer and director of Blackbird, commented: "The
acquisition of Ruger is transformational for Blackbird, as it diversifies the
project base of the Company and strengthens our balance sheet. Post transaction,
as an emerging E & P company, Blackbird will have garnered a balanced asset base
with a producing oil and gas production mix and lands with development
potential. The Company will be well positioned to expand its focus on
exploration and development in both the deep basin in West Central Alberta and
oil-prone project areas in Saskatchewan."


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 and effect of the
Acquisition and the ancillary transactions thereto. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
QIS Capital Corp.
Doren Quinton
President
(250) 377-1182
info@qiscapital.com
www.qiscapital.com

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