Blackrock Petroleum Corp.
OTC Bulletin Board : BRPC

April 23, 2008 11:52 ET

Blackrock and JV Partners Encounter Hydrocarbons in Morgan Highpoint #5 Offset Test Well

LAS VEGAS, NEVADA--(Marketwire - April 23, 2008) - Blackrock Petroleum Corp. ("Blackrock", "The Company") (OTCBB:BRPC) is pleased to announce that the Morgan Highpoint #5 Test Well has been drilled and logged to total depth by Montello Resources Ltd., the Operator of the Morgan Highpoint Project and one of Blackrock's three JV partners. Hydrocarbons were encountered during the drilling of the well.

Blackrock and its JV partners are encouraged with the results achieved to date on the Morgan Highpoint Project and look forward to announcing potential completion plans in due course. An energy services company has been engaged and the partners will meet to discuss the most efficient way to move forward on the Morgan Highpoint #4 and Morgan Highpoint #5 Wells.

The Morgan Highpoint #5 Well was drilled on a parcel of land that was recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint #3 Discovery Well and the Howard White #1 Well. The earned interests in the Morgan Highpoint #4 and #5 wells are Montello 35%, Austin Developments Corp. 30%, Blackrock Petroleum Corp. 30% and Park Place Energy Corp. 5%.

About Blackrock Petroleum

Blackrock Petroleum Corp. (OTCBB:BRPC) is a publicly traded company engaged in the upstream activities of acquiring, exploring, developing and producing oil and gas in North America. Blackrock's current focus is drilling high impact oil and gas exploration prospects in the Tennessee Appalachians.

FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Blackrock Petroleum Corp., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Blackrock Petroleum Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Blackrock Petroleum Corp. does not undertake any obligation to update any forward looking statement, except as required under applicable law.

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