Blackstone Announces Results from Annual General Meeting

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/02/10 -- Blackstone Ventures Inc. (TSX VENTURE: BLV) recently held its 2010 Annual General Meeting ('AGM') in Vancouver. Resolutions passed at the meeting included the re-appointment of Hay and Watson as auditors of Blackstone, approval of Blackstone's incentive stock option plan, and the election of the following Directors:

--  Donald A McInnes
--  John Greig
--  Michael Knuckey
--  Tor Falck
--  Donald Njegovan
--  Dean MacEachern

Stuart Angus and Kelvin Dushnisky announced their retirement from the Board and did not stand for re-election at the AGM. Subsequent to the AGM, Michael Knuckey also announced his retirement from the Board. Blackstone wishes to thank Mr. Angus, Mr. Dushnisky, and Mr. Knuckey for their many years of service to the company. Blackstone also wishes to welcome Mr. Don Njegovan to the Board of Directors. Mr. Njegovan is currently a Director of Investment Banking at Scotia Capital Inc. in Toronto.

About Blackstone

Blackstone is a mineral exploration company currently focused on base and precious metals in Scandinavia. The Company is actively pursuing exploration programs at Uma as well as its Norbotten Iron Oxide-Copper-Gold (IOCG) project in northeastern Sweden. Blackstone's primary assets are extensive nickel-copper holdings in Sweden and Norway including six deposits with current NI 43-101-compliant resources.

On behalf of Blackstone Ventures Inc.

Donald McInnes, 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.

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.

Contacts:

Blackstone Ventures Inc.

Investor Relations

604-687-3929
www.blv.ca