Brownstone Ventures Inc.
TSX VENTURE : BWN

Brownstone Ventures Inc.

March 22, 2010 16:36 ET

Brownstone Announces Further Financing Increase

TORONTO, ONTARIO--(Marketwire - March 22, 2010) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone"), announced today that it has increased the size of its proposed non-brokered financing as a result of investor interest to up to 20,000,000 units (the "Units") at a price of $0.55 per Unit for aggregate gross proceeds of up to $11,000,000.

All of the other terms of the financing described in the March 5, 2010 release remain the same. Completion of the financing remains subject to regulatory approval.

About Brownstone
Brownstone Ventures Inc. is a Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah; 295km2 in the Assam/Arakan Basin, Northeast India; 253,000 acres in Rio Negro, Argentina; interests in several projects in Brazil; a 50% interest in approximately 300,000 hectares in the Quėbec Lowlands; a 15% participating interest in two off-shore Israel oil and gas blocks; and is earning interests (14-35%) in 4 Colombian blocks in the Llanos basin. For additional information, please see Brownstone's website: www.brownstoneventures.com

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Brownstone, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with oil and gas activities, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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