BLACKBIRD ENERGY INC. ANNOUNCES PURCHASE OF ADDITIONAL OIL & GAS ASSETS IN FLAXCOMBE, SASKATCHEWAN

Apr 23, 2013

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/23/13 — 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 Blackspur Oil Corp. for total cash consideration of $100,000.

The assets (the “East Flaxcombe”) are located near Ruger’s current oil production in Flaxcombe, Saskatchewan and will allow for optimization and operating cost savings. Current production at the East Flaxcombe Project is 10 boepd (70% oil) and the deal metrics are $10,000/producing day barrel.

The East Flaxcombe is accretive to Blackbird’s Flaxcombe Project. East Flaxcombe is comprised of a total of 6,080 acres in West Central Saskatchewan. Blackbird will now have a 100% working interest in the Sparky oil pool with two additional producing wells.

Garth Braun, CEO of Blackbird stated, “This accretive acquisition expands Blackbird’s land position in this core area of focus and we believe that the Flaxcombe Project will deliver increased shareholder value. Blackbird’s team continues to be focused on diversifying its interest with the addition of these lower risk multi pay oil projects in West Central Saskatchewan.”

http://www.blackbirdenergyinc.com/s/NewsReleases.asp