BEY Blacksteel Energy Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Blacksteel Energy Inc. (TSX VENTURE:BEY) ("Blacksteel" or the "Corporation") is
pleased to announce that drilling operations by its industry partner to test for
Elkton light oil at its Crossfield 16-26-027-01W5 location ("16-26") have
concluded. The 16-26 well has been logged and cased. Completion and testing
operations will be undertaken shortly.


Blacksteel farmed-in on the 16-26 well, paying 60% of the costs involved to
drill, equip and complete the well as well as a prospect fee and equalized with
its industry partner on certain other expenses. Under the terms of the farm-in,
the Corporation earned a 36% working interest in the well.


Blacksteel is also pleased to announce Craig Frew has joined the board of
directors of the Corporation.


Mr. Frew started his career as an engineer working in areas of design and
construction of natural gas production and transmission facilities and
progressed into numerous senior management and executive positions in pipelines
and gas marketing with companies such as Western Gas Marketing Limited, Iroquois
Pipeline Operating Company and TransCanada Corporation. Mr. Frew has broad
working experience in areas of government relations and regulatory activities in
both Canada and the United States and has served as a Board Member and Chairman
of numerous companies and associations. He retired from TransCanada Corporation
in 2007. Mr. Frew received a B.Sc. in Mechanical Engineering from the University
of Calgary in 1972 and is a 1993 graduate of the Stanford Executive Program.


Blacksteel is a junior oil and gas company involved in the exploration,
exploitation, development and production of petroleum and natural gas resources.
The focus of the company remains on establishing a low risk, high net back,
light oil weighted platform to build the company. The Corporation has a 100%
working interest in a four section petroleum and natural gas lease in the Del
Bonita Area of Southern Alberta, which it believes may have Bakken potential. It
also has a 25% working interest in one section of land in the Crossfield area,
which the Corporation believes is oil prospective in the Elkton formation, and
varying working interests of 22% - 37.5% in 1840 acres of Crown land in the
Devon area of Alberta.


Forward-Looking Information Cautionary Statement: This document contains
forward-looking statements regarding the business and operations of Blacksteel.
All statements other than statements of historical fact contained herein are
forward-looking statements under applicable securities laws. In particular,
statements as to the Corporation's anticipated transactions are forward-looking
statements. These forward looking-statements are based upon various assumptions.
The Corporation's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the plans,
intentions or expectations anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefit the Corporation will
derive there from. All subsequent forward-looking statements, whether written or
oral, attributable to the Corporation or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are
made as at the date of this news release and the Corporation does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.


Neither 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


Not for distribution to U.S. Newswire Services or for dissemination in the
United States of America. Any failure to comply with this restriction may
constitute a violation of U.S. Securities Laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blacksteel Energy Inc.
Les Treitz
Interim President and Chief Executive Officer
(403) 389-1800
Lestis@gmail.com

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