Blacksands Petroleum, Inc.

News Release

February 17, 2009

AGREEMENTS BETWEEN BLACKSAND'S SUBSIDIARY, ACCESS ENERGY, AND LA LOCHE RATIFIED

TORONTO, ONTARIO, February 17, 2009 �� Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the ��Company��) wishes to announce that the Joint Venture Agreement and the Impact Benefit Agreement (the ��Agreements��) its 75% owned subsidiary, Access Energy Inc. (��Access��) entered into with the La Loche Clearwater Development Authority Inc. (��La Loche��) on October 15, 2008 have been overwhelmingly approved by the local La Loche aboriginals in a community vote on February 14, 2009.

The Agreements provide land access rights to Access for purposes of exploration of petroleum, natural gas and crude bitumen and any metals, minerals or coal in the La Loche traditional lands. In exchange for granting Access the exclusive 20-year right to enter upon the La Loche traditional lands, Access has agreed to provide all financial and managerial resources to facilitate development, to involve the local aboriginal community, to pay an annual fee, and to provide royalties from production.

The Agreements cover 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.

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

Cautionary Note Concerning Forward-Looking Statements:

This press release includes certain ��forward-looking statements�� within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the word ��expect�� and similar expressions identify forward-looking statements. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company��s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management��s beliefs, expectations or opinions should change except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company��s expectations include uncertainties involved in disputes and litigation; fluctuations in oil and other commodity prices and currency exchange rates; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Company��s 10K-SB for the year ended October 31, 2007, filed with the United States Securities and Exchange Commission, and other information released by the Company from time to time and filed with the appropriate regulatory agencies.



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 February 17, 2009 AGREEMENTS BETWEEN BLACKSAND'S SUBSIDIARY, ACCESS ENERGY, AND LA LOCHE RATIFIED TORONTO, ONTARIO, February 17, 2009 �� Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the ��Company��) wishes to announce that the Joint Venture Agreement and the Impact Benefit Agreement (the ��Agreements��) its 75% owned subsidiary, Access Energy Inc. (��Access��) entered into with the La Loche Clearwater Development Authority Inc. (��La Loche��) on October 15, 2008 have been overwhelmingly approved by the local La Loche aboriginals in a community vote on February 14, 2009. The Agreements provide land access rights to Access for purposes of exploration of petroleum, natural gas and crude bitumen and any metals, minerals or coal in the La Loche traditional lands. In exchange for granting Access the exclusive 20-year right to enter upon the La Loche traditional lands, Access has agreed to provide all financial and managerial resources to facilitate development, to involve the local aboriginal community, to pay an annual fee, and to provide royalties from production. The Agreements cover 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. 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 Cautionary Note Concerning Forward-Looking Statements: This press release includes certain ��forward-looking statements�� within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the word ��expect�� and similar expressions identify forward-looking statements. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company��s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management��s beliefs, expectations or opinions should change except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company��s expectations include uncertainties involved in disputes and litigation; fluctuations in oil and other commodity prices and currency exchange rates; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Company��s 10K-SB for the year ended October 31, 2007, filed with the United States Securities and Exchange Commission, and other information released by the Company from time to time and filed with the appropriate regulatory agencies.