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Blacksteel Announces Resignation of Director

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Trading Symbol: BEY - TSX: V

CALGARY, Aug. 5, 2011 /CNW/ - Blacksteel Energy Inc. ("Blacksteel" or the "Company") announces that Dr. Robert J. Leslie has resigned as a director of the Company.

On announcing Dr. Leslie's resignation Mr. Walter Wakula, Chairman of the Board stated: "We are sad that Bob has stepped down as a director and thank him so very much for the technical and business acumen he has brought to the board through the Company's acquisition, development and production of its oil and gas inventory of properties. We wish him well in his future endeavours."

Blacksteel is a junior oil and gas company. Its principal business activity is the exploration, exploitation, development and production of petroleum and natural gas resources in Alberta. The Company has a 100% working interest in 22 sections of Crown oil sands leases in the Peace River area of northern Alberta, a working interest in a natural gas producing property in the Grassland area of Alberta, has a working interest in a producing oil well in the Devon area of central Alberta and has a 100% working interest in a 4 section P&NG lease in the Del Bonita Area of Southern Alberta.

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 release.

Advisory regarding forward looking statements

This news release contains no forward-looking statements.