BLV

Blackstone Ventures Inc. (TSX VENTURE:BLV) announces that a diamond drill rig
has now been mobilized to its 100% owned Uma Volcanogenic Massive Sulphide (VMS)
project in northern Sweden and will begin drilling immediately. This first phase
drill program at Uma South (southern portion of the 235,000 hectare property)
will consist of approximately 12 - 20 holes.


Drilling will begin in the Uma South area to test new electromagnetic (EM)
geophysical conductors recently outlined in a 750 line-kilometre airborne time
domain EM survey as reported in a press release dated October 20, 2009. A total
of 12 discrete anomalies, some with coincident surface sulphide showings, have
been initially identified from the dataset. Drilling will include testing below
very shallow 1950's drill holes completed by Boliden which includes high-grade
intersections up to 10.1% Cu, 21.7% Zn, 8.2% Pb and 12 gpt Au over 0.82 metres.


Blackstone's Uma project covers boulders and outcrops of high-grade massive
sulphide mineralization extending over a distance of 70 kilometres. This
includes Uma South, as well as Cu-rich boulders in the central claims and
recently uncovered outcrops and boulders assaying as high as 6.64% Cu, 20.9% Zn,
16.75% Pb, 87 gpt Ag and 0.54 gpt Au with new, untested EM conductors in the
northern part of the project (Uma North). A first phase helicopter-supported
drill program at Uma North is planned for this spring once day light hours and
weather conditions allow. 


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 focused on base and precious metals
in Scandinavia. 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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