BLV

Blackstone Ventures Inc. (TSX VENTURE:BLV) reports that it has completed twelve
short diamond drill holes totaling 1,650 metres at its Uma Cu-Zn-Au volcanogenic
massive sulphide (VMS) project in northern Sweden. Drilling focused on two
target areas within the 2,350 square kilometre property. At Uma North, drilling
tested electromagnetic (EM) geophysical anomalies adjacent to a boulder field of
high-grade massive sulphides assaying as high as 6.64% Cu, 20.9% Zn, 16.75% Pb,
87gpt Ag and 0.54gpt Au ("Suitcase boulders"). At Uma South, drilling targeted
EM anomalies proximal to high-grade surface showings with 1950's drill
intercepts by Boliden up to10.1% Cu, 21.7% Zn, 8.2% Pb and 12gpt Au over 0.82
metres.


Results of four drill holes at Uma North indicate the source of the high-grade
Suitcase boulder field remains undiscovered. The tested EM anomalies immediately
up-ice of the Suitcase boulders are attributed to Fe sulphide (pyrrhotite)
mineralization. Further airborne and detailed ground geophysics is planned at
Uma North to source the high-grade boulders. At Uma South, four of eight drill
holes testing EM anomalies encountered weak base metal mineralization within
narrow massive sulphides and as disseminations. Extensive Mg and Fe alteration
assemblages (chloritoid, chlorite and Fe-carbonate) typical of proximal VMS
alteration were cut in footwall rocks at the western of the three showings. At
least ten priority EM anomalies remain untested at Uma South. All assays are
pending. A second phase drill program is planned for this summer at the Uma
project.


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. The Company is actively pursuing exploration
programs at Uma as well as its Norbotten Iron Oxide-Copper-Gold (IOCG) project
in northeastern Sweden. Blackstone's primary assets are extensive nickel-copper
holdings in Sweden and Norway including six deposits with current NI
43-101-compliant resources. 


For further information on Blackstone please visit the Blackstone website at
www.blv.ca.


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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