Blackstone Ventures Inc. (TSX VENTURE:BLV) announces that pursuant to the
Company's Stock Option Plan, its board of directors has approved the issuance of
2,735,000 incentive stock options to directors, officers, employees and
consultants. The options are exercisable for five years at a price of $0.47 per
share.


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.