Blackbird Energy Inc. Closes Land Acquisition

FOR: BLACKBIRD ENERGY INC.
TSX VENTURE SYMBOL: BBI

Date issue: March 23, 2017
Time in: 5:35 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - March 23, 2017) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is pleased to report that it has closed the previously announced acquisition (the "Acquisition") of two gross sections (two net) of Montney rights from Knowledge Energy Inc. ("Knowledge") pursuant to the terms of an asset sale agreement dated March 16, 2017. The Acquisition is effective March 1, 2017.

Blackbird issued an aggregate of 1,923,077 common shares to Knowledge as consideration for the Acquisition(the "Consideration Shares"). The Consideration Shares are subject to a hold period expiring July 24, 2017.

The Acquisition increases Blackbird's Montney rights at Elmworth / Pipestone to 116 gross sections (100.9 net).

About Blackbird

Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta.

For more information please view our Corporate Presentation at www.blackbirdenergyinc.com.

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE 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 PRESS RELEASE.

- END RELEASE - 23/03/2017

For further information:
Blackbird Energy Inc.
Garth Braun
Chairman, CEO and President
(403) 500-5550
gbraun@blackbirdenergyinc.com
OR
Blackbird Energy Inc.
Jeff Swainson
Chief Financial Officer
(403) 699-9929
jswainson@blackbirdenergyinc.com
OR
Blackbird Energy Inc.
Joshua Mann
Vice President, Business Development
(403) 390-2144
josh@blackbirdenergyinc.com

COMPANY:
FOR: BLACKBIRD ENERGY INC.
TSX VENTURE SYMBOL: BBI

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170323CC0078

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