April 07, 2005 10:30 ET
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: BO TODD AND BLACKSTRAP HOSPITALITY CORPORATION TSX VENTURE SYMBOL: BLH APRIL 7, 2005 - 10:30 ET Bo Todd Refuses to Accept Offer to Purchase Common Shares of Blackstrap Hospitality Corporation RED DEER, ALBERTA--(CCNMatthews - April 7, 2005) - Bo Todd, the holder of approximately 2% of the outstanding common shares (the "Blackstrap Shares") of Blackstrap Hospitality Corporation (TSX VENTURE:BLH) ("Blackstrap"), wishes to announce that he will not accept the offer (the "Offer") to the purchase Blackstrap Shares made by 622921 Saskatchewan Ltd. Mr. Todd believes that the price offered for the Blackstrap Shares represents a significant undervaluation of Blackstrap. Mr. Todd invites all shareholders of Blackstrap to contact him to discuss the reasons why he will not accept the Offer. -30-
FOR FURTHER INFORMATION PLEASE CONTACT: Bo Todd (403) 309-1877 Email: bo@bosbar.com
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