BLV

Blackstone Ventures Inc. (TSX VENTURE:BLV) is pleased to announce that it has
completed seven diamond drill holes totaling 895 metres at its Norbotten Iron
Oxide-Copper-Gold (IOCG) project in northern Sweden. Drilling has identified
IOCG alteration and copper mineralization in a highly under-explored area of the
world-class Kiruna District. The Company also announces that it has staked
additional ground along strike of its findings and now holds close to 30
kilometres of the Kolari Trend (eastern part of the Kiruna District) host to
IOCG deposits in Finland.


This initial phase drill program tested two adjacent Induced Polarization (IP)
geophysical anomalies covering a strike length of 3 kilometres. The first IP
anomaly which extends 1.4 kilometres and is coincident with the recently
discovered Vesa copper gold showing (2.4% Cu, 0.63 g/t Au) was tested with four
drill holes. Drill holes cut disseminated pyrite, lesser disseminated and veined
chalcopyrite and magnetite hosted by strong K-Feldspar altered rocks with
surrounding muscovite-biotite-scapolite-hematite alteration. Alteration zones
intersected in these drill holes ranged from core lengths of less than 20 to 80
metres. The second anomaly measuring 1.6 kilometres and located immediately
northwest was tested with three short, broadly spaced drill holes but
intersected mainly disseminated magnetite. All assays are pending.


CEO for Blackstone, Dean MacEachern comments, "The results of our first phase
drill program are encouraging. We have confirmed that we are in the right
alteration system with copper mineralization and we've only covered a small
fraction of our landholdings. Our newly staked claims provide us with a more
significant land position to explore this virtually uncharted part of a
world-class ore district. We are awaiting assays and will plan our next steps
after receiving those results."


The project is located just 70 kilometres east of Boliden's giant Aitik Cu-Au
Mine (proven reserves at January 1, 2007 of 526 million tonnes @ 0.28% Cu,
0.2g/t Au, 2 g/t Ag). The Aitik Cu-Au mine is one of the largest copper
producers in Europe having produced 173,000 tonnes of copper in 2008. The Aitik
deposit and the Kolari district deposits in Finland display similar alteration
associated with copper mineralization.


Exploration programs are being carried out under the direction of Jari Paakki,
P. Geo., Vice President of Exploration and Project Development for Blackstone
and a qualified person as defined by National Instrument (NI) 43-101. The
information in this release was prepared under the direction of Dean MacEachern,
P.Geo., President and Chief Executive Officer for Blackstone, a qualified person
as defined by NI 43-101.


About Blackstone

Blackstone is a mineral exploration company currently focused on base and
precious metals in Scandinavia. In addition to the Norbotten project, the
Company plans exploration programs at the high grade Cu-Zn-Pb Uma discovery in
northwestern Sweden. Blackstone's primary assets are extensive nickel-copper
holdings in Sweden and Norway including six deposits with current NI
43-101-compliant resources.


On behalf of Blackstone Ventures Inc. 

Dean MacEachern, President

Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.

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