Blackbird Energy Announces Financing and the Commencement of Drilling on Its Mantario Oil Project

Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") announced
today that it intends to carry out a non-brokered private placement for gross
proceeds of up to $1,500,000 (the "Private Placement"). The Private Placement
will consist of flow-through shares (each, a "Flow-Through Share") at a price of
$0.10 per Flow-Through Share for gross proceeds of up to $500,000, and non-flow
through units (each, a "Unit") at a price of $0.09 per Unit for gross proceeds
of up to $1,000,000. 


Each Unit will consist of one common share and one-half of one common share
purchase warrant, with each whole warrant (each, a "Warrant") entitling the
holder to purchase one additional common share (a "Warrant Share") at a price of
$0.15 per Warrant Share for a period of 24 months following the closing date.
The Warrants will be subject to an early acceleration provision which provides
for the mandatory exercise or expiry of the Warrants in the event Blackbird's
shares close at $0.30 or higher for at least 10 consecutive trading days. In
such event, the Warrants will accelerate and expire 30 days after the Company
has given notice of the acceleration to the Warrant holders.


Blackbird intends to pay finder's fees in the form of an 8% cash commission and
8% finder's warrants in connection with the Private Placement. The Private
Placement is subject to approval from the TSX Venture Exchange and all of the
securities issued pursuant to the Private Placement will be subject to a
four-month hold period from the date of issue. 


Blackbird today also announced that drilling operations on the first Success
formation well at the Company's Mantario oil project in West Central
Saskatchewan (the "Mantario Well") have commenced today, with the well to spud
from a surface location at15d-6-26-24W3 to a total depth of 1,000 meters. 


Garth Braun, President and CEO of Blackbird stated, "We are pleased to launch
this financing at what we believe to be an exciting time for Blackbird. Net
proceeds will be used to support the ongoing drilling operations on the Mantario
Well, the re-entry of a well on our Bromhead project and to supplement cash on
hand for working capital purposes." 


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 Energy Inc. is a Western Canadian based company that explores,
develops and produces oil and natural gas in Western Canada. The Company is
managed by a proven technical team. Blackbird trades on the TSX Venture Exchange
under the symbol BBI.


Blackbird's team is focused on originating new high quality oil projects through
the assembly of land positions in southwest Saskatchewan and Alberta. 


For more information please visit the company's website and view the corporate
presentation at www.blackbirdenergyinc.com 


On behalf of the board of

BLACKBIRD ENERGY INC. 

Per:

Garth Braun, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information 

This press release contains forward-looking information that involves various
risks and uncertainties regarding future events related to the Private Placement
and the drilling of the Mantario Well. 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 and are not guarantees
of future performance of the Company. 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


THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS
OF THIS PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Macam Investor Relations
Cameron MacDonald
President & CEO
(403) 452-6600
cmacdonald@macamgroup.com
www.macamgroup.com


Blackbird Energy Inc.
Garth Braun
President & CEO
(604) 688-2295
gbraun@blackbirdenergyinc.com
www.blackbirdenergyinc.com
Blackbird Energy Inc. (TSXV:BBI)
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