BLACKSTEEL ENERGY INC. ANNOUNCES SEDAR FILING OF FINANCIAL STATEMENTS

Trading Symbol: BEY -TSX: V

CALGARY, Dec. 20 /CNW/ - Blacksteel Energy Inc. ("Blacksteel" or the "Company") (TSXV - "BEY") announces that it has completed SEDAR filing of its October 31, 2010 unaudited interim financial statements and management discussion and analysis related thereto.

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, is evaluating production alternatives for an oil play 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.

ON BEHALF OF THE BOARD OF DIRECTORS OF

BLACKSTEEL ENERGY INC.

(signed) "Walter Wakula" 
Walter Wakula, Chairman of the Board

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.

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