Brownstone Ventures Inc.

Brownstone Ventures Inc.

September 19, 2007 08:00 ET

Brownstone Updates Drilling/Completion for Piceance

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") reports further drilling update on its 300,000 acre Piceance Project area.

In Rio Blanco County, located in the Piceance Basin in Colorado, final testing and completion plans for the North Barcus Creek #1-12 well have been agreed upon by all partners in conjunction with Haliburton, the completion consultants to this project, and are scheduled to commence the week of September 24, 2007. Operations to date are on time and under budget. Results should be forthcoming over the ensuing 30 days.

The second well (NBC #2-12) being drilled by Brownstone and its partners at its 1,590 acre North Barcus Creek property is currently drilling ahead at 10,720'. Total depth (11,450') is expected to be reached in the next 48 hours at which point the well will undergo comprehensive logging. If indications are consistent with #1-12 North Barcus Creek, this well will be cased to depth for testing and completion following the #1-12 well.

Immediately upon finalization of testing both the #1-12 and #2-12 wells at North Barcus Creek, Gustavson & Associates will prepare a 51-101 compliant proven developed and undeveloped reserve report for Brownstone and its partners on these two locations and surrounding spacing units.

Further drill plans for development of Brownstone's Piceance Basin properties will be forthcoming in the next 60 days.

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 approximately 290,000 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:

Statements in this release that are forward-looking statements, including those in respect of the drilling program for the North Barcus Creek wells, are subject to various risks and uncertainties including the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement, except as required by law.

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

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