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Abstract
(CCNMatthews - Aug. 9, 2006) - Blackstone Ventures Inc. (TSX VENTURE:BLV) is pleased to announce that Blackstone and its joint venture partner Sulfidmalm A/S (a wholly owned subsidiary of Falconbridge Limited) have intersected significant new nickel sulphide mineralization at the Ertelien Project in southern Norway. Diamond drill hole ER2006-06B intersected 1.90% Ni, 1.76% Cu, 0.11% Co over 19.90 m starting at a drill depth of 289.95 metres at the Ertelia Zone. All six drill holes completed to date at Ertelia have intersected significant sulphide mineralization. The zone remains open at depth and along strike to the east and west. Drilling is continuing and a larger drill will be mobilized to test the deeper potential of the zone. The current drill program is part of the first systematic exploration program using modern geophysical techniques and diamond drills in the Ertelien area.