Mr. Mike Blady reports

BLADE RESOURCES ANNOUNCES PRIVATE PLACEMENT

Blade Resources Inc. will offer up to 20 million units, by way of non-brokered private placement, at a price of 30 cents per unit for gross proceeds of up to $6-million. Each unit will consist of one common share of the company, and one share purchase warrant. Each warrant will be exercisable to acquire an additional share at a price of 40 cents for a period of 30 months, subject to accelerated expiry at the option of the company in the event the closing price of the shares on the Canadian Securities Exchange exceeds 75 cents for a period of 10 consecutive trading days.

The company intends to utilize the proceeds of the offerings to continue exploration and development at the Hot Breccia project, located near Hayden, Ariz., and for general working capital purposes.

In connection with completion of the offering, the company may pay finders' fees to eligible third parties who have introduced subscribers to the offering. All securities issued in connection with the offering will be subject to restrictions on resale for period of four months and one day in accordance with applicable securities laws. Completion of the offering remains subject to applicable regulatory approvals.

About Blade Resources Inc.

Blade Resources is a Canadian exploration company focused on the development of the Hot Breccia project, an emerging copper-gold porphyry located near Hayden, Ariz., U.S. Hot Breccia's 227 unpatented mining claims lay in the heart of the Arizona porphyry copper province, within sight of the Hayden copper smelter (Asarco) and Freeport's Christmas mine. Historic exploration on the property conducted by Bear Creek Mining (then a Kennecott subsidiary), in a venture with Conoco Inc., from 1972 through 1981 discovered substantial porphyry copper skarn mineralization in multiple drill holes and confirmed the presence of a large, mineralized Laramide age porphyry; with the grade and tonnage yet to be determined.

We seek Safe Harbor.