Brownstone Ventures Inc.

Brownstone Ventures Inc.

April 15, 2010 15:52 ET

Brownstone Retains Brisco Capital to Provide Investor Relations

TORONTO, ONTARIO--(Marketwire - April 15, 2010) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies.

The initial term of the agreement with Brisco is 12 months, subject to early termination upon 30 days' notice in writing at any time; and/or renewal following the completion of the initial term. Brownstone will pay Brisco a fee of $7,500 per month plus expenses. Brownstone has also granted to Brisco 500,000 stock options, exercisable at $0.65 per share. The options shall vest quarterly over a period of 18 months and expire at the earlier of 30 days after termination, or 2 years from the date of issuance.

Brownstone also announces that pursuant to Brownstone's stock option plan and subject to TSX Venture Exchange approval, the Board has granted a total of 630,000 stock options to certain directors, officers and employees of the Company. In accordance with Brownstone's stock option plan, these options are exercisable at $0.65 per share for a term of up to five years and vest quarterly over a period of 18 months.

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:

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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