Blackstone Ventures Inc.
TSX VENTURE : BLV

Blackstone Ventures Inc.

March 13, 2008 08:00 ET

Blackstone Ventures Announces Change in Senior Management

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Blackstone Ventures Inc. (TSX VENTURE:BLV) is pleased to announce the appointment of Mr. Dean MacEachern as President and Chief Executive Officer of the company effective immediately. Mr. MacEachern will also join the Board as a Director.

Mr. MacEachern first joined Blackstone as Chief Operating Officer in 2005 and was responsible for overseeing the acquisition of the Company's extensive nickel, copper and zinc properties in Norway and Sweden. Prior to joining Blackstone, Mr. MacEachern spent 21 years exploring for nickel-copper, base and precious metal deposits throughout Canada, Africa and the South Pacific with Falconbridge Limited (now Xstrata Nickel). Mr. MacEachern is replacing Donald McInnes who has resigned as President but will remain on as a Blackstone director.

Commenting on the transition Mr. McInnes stated, "Under Dean's tenure as COO, Blackstone was able to assemble a land package in Norway and Sweden with an extremely high potential to host an economic nickel deposit. Dean was also instrumental in identifying and acquiring the very exciting UMA and Jervas copper-zinc projects in the short time they have explored in Scandinavia. The board is very confident Mr. MacEachern can lead the exploration group towards the ultimate goal of discovering an economic nickel or copper-zinc deposit on the Company's extensive property holdings."

In addition to Mr. MacEachern's appointment, Blackstone wishes to announce that Mr. Jari Paakki, currently the Vice President of Project Development, will take on the additional role of Vice President of Exploration. Mr. MacEachern commented, "Mr. Paakki has a well diversified background with significant exploration experience in nickel, copper, zinc and gold. Jari will be instrumental in maintaining a focus on our highest priority projects and advancing them throughout the remainder of 2008."

Blackstone

Blackstone is a mineral exploration company focused on Nickel and other base metal projects located in Scandinavia. The Lainjaur and Vasterbotten nickel deposits in Sweden, currently operating with four drills, and the Ertelien and Espedalen projects in Norway, currently operating with three drills, are four advanced nickel projects the Company intends to focus on in 2008. Work programs are also scheduled at the high grade Cu-Zn-Pb Uma and Jervas discoveries in Sweden.

On behalf of Blackstone Ventures Inc.

John Greig, Chairman

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

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

Contact Information

  • Blackstone Ventures Inc.
    Troy Winsor
    1-800-663-8072
    or
    Blackstone Ventures Inc.
    Robert Carriere
    (604) 687-3929
    Website: www.blv.ca