BLV

Blackstone Ventures Inc. (TSX VENTURE:BLV) announces today that an Induced
Polarization (IP) geophysical survey is underway at its 100% owned Norbotten
Iron Oxide-Copper-Gold (IOCG) project in northern Sweden. The project is located
in the eastern part of the world-class Kiruna district of northern Sweden 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 deposit also contains significant
gold and silver byproducts.


The 25 line kilometre IP survey covers part of a regional magnetic and gravity
high area which appears associated with recently discovered copper-gold
mineralization (Vesa Showing). Blackstone assays from this showing returned 2.4%
Cu, 0.63 g/t Au, and 36.9% Fe. Mineralization consists of disseminated,
brecciated and veined magnetite, chalcopyrite, pyrite and bornite hosted at the
contact of a granite intrusion. The Norbotten project area is almost entirely
till-covered which has hampered historical exploration efforts. The project has
not been drill-tested.


CEO for Blackstone, Dean MacEachern comments, "Norbotten is an exciting new
project for us in a vastly under-explored region in Scandinavia. Our initial
exploration work will begin at the Vesa Showing with near-future plans to
evaluate several other showings and geophysical anomalies on our 20,000 hectare
claim holdings in the region. We look forward to advancing this project with a
first phase drill program slated to begin late summer of this year."


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.


For further information on Blackstone, please visit the Blackstone website at
www.blv.ca or call investor relations at 604-687-3929.

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