Blackbird Energy Inc. Announces Agreement to Purchase 25 Sections of P&NG Rights in West Central Saskatchewan

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 20, 2013) – Blackbird Energy Inc. (TSX VENTURE:BBI) (“Blackbird” or the “Company“) is pleased to announce that its wholly-owned subsidiary, Ruger Energy Inc. (“Ruger“), has entered into an agreement to purchase certain oil and gas assets from Home Quarter Resources Ltd. (the “Vendor“) for total cash consideration of $115,000 (the “Acquisition“).

The assets are comprised of 25 sections of Petroleum & Natural Gas Rights (the “Marengo – Mantario Project“) located near Ruger’s two current oil production facilities in Alsask and the Flaxcombe area of Saskatchewan. The Marengo – Mantario Project is comprised of a total of 16,000 net acres in West Central Saskatchewan. The Acquisition will provide Blackbird with a 100% working interest in 25 sections, at an average cost of $4,600 per section, subject to a 6% GORR in favour of the Vendor and standard crown royalties.

Garth Braun, President and CEO of Blackbird stated, “This acquisition of the Marengo – Mantario Project is a key addition to Blackbird’s land position in one of our core areas and very synergistic to the Blackbird team strategy of extending the development of the multi-horizon oil plays from top to basement in both Alsask and Flaxcombe.”

Mr. Braun went on to state, “The Blackbird team continues to be focused on originating new high quality oil plays through the assembly of additional land positions in Alberta and Saskatchewan. Blackbird is in the enviable position of having a healthy balance sheet to pursue these opportunities as they arise.”

About Blackbird

The Flaxcombe Project is comprised of a total of 5,041 acres (net 2,393 acres) in West Central Saskatchewan. Blackbird, through its only owned subsidiary Ruger Energy Inc., holds a 100% working interest in a Sparky oil property with 3 producing oil wells. The Flaxcombe Project includes 3D seismic coverage over the complete oil pool. Two development oil drilling locations have been identified based on the 3D technical review.

The Alsask Project is comprised of 1120 acres in the Alsask area on the Alberta/Saskatchewan border in which Ruger Energy Inc., holds a 100% working interest. The Alsask Project has 3 producing Basal Mannville oil wells and 1 water disposal well. Ruger also has 3D seismic coverage over the full 1120 acres and has identified one development oil drilling location and one exploration oil drilling location.

The Bigstone Project is comprised of lands and licenses covering a total of 5,120 acres (net 1,120 acres), in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of a farm in agreement with Donnybrook Energy Inc., Blackbird earned 25 per cent of Donnybrook’s interest in the Bigstone lands and in any future operations within an area of mutual interest.

Blackbird’s team is focused on originating new high quality oil projects through the assembly of land positions in West Central Saskatchewan and Alberta.

Blackbird Energy Inc. is a Western Canadian based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Blackbird trades on the TSX Venture under the symbol BBI.

On behalf of the board of BLACKBIRD ENERGY INC.

Garth Braun, Chief Executive Officer and Director

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