Brownstone Ventures Inc.

Brownstone Ventures Inc.

April 30, 2008 16:00 ET

Brownstone Ventures Inc. Announces Share Cancellation Under Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Brownstone Ventures Inc. ("Brownstone") (TSX VENTURE:BWN) announces the cancellation of an aggregate of 327,000 of its common shares, which the company purchased during April pursuant to its normal course issuer bid. The shares were purchased at an average price of $1.08 per share.

An aggregate of 1,167,500 common shares have been purchased and cancelled by Brownstone thus far under the normal course issuer bid which expires on February 3, 2009

About Brownstone

Brownstone Ventures Inc. is a well-financed Canadian-based, energy focused investment company with 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 and 253,000 acres in Rio Negro, Argentina. For additional information, please see Brownstone's website:

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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