CALGARY, ALBERTA–(Marketwired – Sept. 30, 2016) –

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Blacksteel Energy Inc. (TSX VENTYURE:BEY) (“Blacksteel“) announces that it has decided not to proceed with its proposed acquisition of TERIC Power Ltd.

Blacksteel continues to look for opportunities to create shareholder value.

Blacksteel Energy Inc.

Blacksteel is a junior oil and gas company involved in the exploration, exploitation, development and production of petroleum and natural gas resources.

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