Mr. Casey Forward reports

BLAST RESOURCES ANNOUNCES PRIVATE PLACEMENT

Blast Resources Inc. has arranged a non-brokered private placement offering of units at a price of 25 cents per unit for aggregate gross proceeds of up to $750,000.

Each unit will be composed of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 35 cents per common share for a period of two years from the closing of the offering, subject to acceleration.

The warrants will be subject to an acceleration right held by the company, such that, if the closing price of the company's shares is at or exceeds 50 cents for a period of 10 consecutive trading days, the company may, at any time after such an occurrence, give written notice (by news release) to the holders of the warrants that the warrants will expire at 5 p.m. Vancouver time on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the warrants will have 30 days to exercise their warrants, and any warrants that remain unexercised will expire.

The company may pay finders' fees to eligible finders in connection with the offering.

The proceeds raised from the offering are expected to be used for operational needs, working capital and general corporate purposes.

All securities to be issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

About Blast Resources Inc.

Blast is a mineral exploration company trading on the CSE. The company owns several claims and holds an option on additional claims comprising a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside of the southwestern margin of the Athabasca basin.

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