Blackbird Energy Inc. (Toronto Venture: BBI) is pleased to announce that it has entered into a definitive securities exchange agreement in respect of its previously announced acquisition of all the issued and outstanding shares of Ruger Energy Inc., a junior oil and gas exploration and development company in Alberta.

Ruger has a 100% working interest in 680 acres in the Alsask area located on the Alberta/Saskatchewan border and currently has cash and cash equivalents of approximately $3,600,000.

Pursuant to the terms of the securities exchange agreement, Blackbird will issue to ...