Blacksands Petroleum Subsidiary, Access Energy, Signs Joint Venture Agreement / Impact Benefit Agreement with La Loche Clearwater Development Authority

TORONTO, ONTARIO, October 15, 2008 - Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the "Company") is pleased to announce that Access Energy Inc. ("Access Energy"), the Company's 75% owned subsidiary, has signed a Joint Venture Agreement/Impact Benefit Agreement (the "Agreement") with La Loche Clearwater Development Authority.

The Agreement covers approximately 3,000,000 hectares of La Loche Traditional Lands in north western Saskatchewan, Canada, north and west of the Northern town of La Loche, Saskatchewan. The Agreement requires ratification by the aboriginal residents of the area, which is expected to take place on or before December 3, 2008.

About Blacksands Petroleum:

Blacksands Petroleum, Inc. is a public company (OTCBB:BSPE) engaged in the acquisition, exploration and development of conventional and unconventional oil and gas fields in North America.