Blacksands Petroleum, Inc.

News Release

October 15, 2008

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:

Blacksands Petroleum, through its 75% ownership of Access Energy Inc. - a private Canadian company - is engaged in the business of exploring for, developing and operating unconventional oil and gas projects. Such projects may include oil produced from tar sands, also referred to as oil sands, or bituminous sands, which are a combination of clay, sand, water, and bitumen. "Paul A. Parisotto" President & CEO

For further information, please contact: Paul A. Parisotto President & CEO 416-359-7805



News: April 6, 2010 Acquisition of Beech Creek Gross Working Interest March 18, 2010 Appointment to Board of Directors November 16, 2009 Gas Well Asset Acquired July 29, 2009 Management Change May 28, 2009 Corporate Updates Stock Information: OTC BB : BSPE.OB		News Release October 15, 2008 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: Blacksands Petroleum, through its 75% ownership of Access Energy Inc. - a private Canadian company - is engaged in the business of exploring for, developing and operating unconventional oil and gas projects. Such projects may include oil produced from tar sands, also referred to as oil sands, or bituminous sands, which are a combination of clay, sand, water, and bitumen. "Paul A. Parisotto" President & CEO For further information, please contact: Paul A. Parisotto President & CEO 416-359-7805