Black Smoker Ventures Inc.
CNSX : BSM

Black Smoker Ventures Inc.

April 18, 2012 08:00 ET

Black Smoker Acquires B.C. Graphite Project; Contiguous to Eagle Graphite Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2012) - Black Smoker Ventures Inc. (CNSX:BSM) ("Black Smoker" or the "Company") announces that it has entered into a purchase agreement (the "Purchase Agreement") with Jevin Werbes (the "Vendor") pursuant to which the Company has acquired five contiguous mineral tenures (the "Claims") covering approximately 2,464 hectares located in the Omineca Mining Division in the Province of British Columbia (the "Acquisition").

Location map can be viewed on the corporate website: www.blacksmokerventures.com

Black Smoker's easterly claim boundary lays only 3km west of the Black Crystal graphite quarry operated by private corporation Eagle Graphite Corp.; one of only a few producing Graphite Mines in North America. The claims are accessible by forestry roads and a high-tension power line passes, approximately five kilometers southwest of the property.

  • Black Smoker now has claims nearby the producing Black Crystal Mine and is currently one of two public companies adjacent to the only natural flake Graphite Mine in British Columbia
  • Black Smoker is planning a summer mapping and sampling followed by a drill target selection program for this field season; to commence immediately after property snow melts.

Carson Seabolt, President and CEO, states: "We are extremely excited to be an early mover in an emerging graphite camp with current production in close proximity to our project area. We are fortunate to add this asset to our property portfolio and will initiate exploration as soon as possible."

Pursuant to the Purchase Agreement, the Company has agreed to acquire the Claims in consideration for the payment of $10,000 to the Vendor upon the execution the Purchase Agreement (which has been paid) and the issuance of 500,000 common shares of the Company to the Vendor.

About Eagle Graphite

Eagle Graphite Corporation is one of only two natural flake graphite mines operating in North America. They are a private Canadian corporation with production facilities located 46 km northwest of the City of Nelson in southeastern British Columbia, Canada. Re-opened in 2007 and operating to the highest environmental standards, Eagle Graphite produces high carbon flake graphite for the worldwide market.

Black Smoker encourages its investors to learn about its neighbor at: www.eaglegraphite.com

About Black Smoker

Black Smoker is presently focused on the exploration of the Fox Lake Property in Manitoba, Canada. The Company will continue its core business while developing and assessing plans for the Fox Lake Property. A total of approximately 12 million tonnes grading 1.82% copper and 1.78% zinc was produced from the Fox Mine in the years 1970 to 1985. Black Smoker is utilizing modern deep penetrating geophysical techniques to target new discoveries at depth and in proximity to the historic mine site. www.blacksmokerventures.com

Michael Moore, P.Geo, is an independent Qualified Person, as defined by NI 43-101, and has reviewed the technical aspects of this news release on behalf of the Company.

On behalf of the board of directors of:

BLACK SMOKER VENTURES INC.

Carson Seabolt, Chief Executive Officer

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, 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. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise unless required by applicable securities law.

The CNSX has neither approved nor disapproved the information contained herein.

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