EXHIBIT 99.1
 | Blacksands Petroleum Inc.
401 Bay Street, Suite 2700, PO Box 142
Tel: +1 (416) 359 7805
E-mail: pparisotto@coniston.ca |
NEWS RELEASE
BLACKSANDS ANNOUNCES RESIGNATION OF DARREN STEVENSON AS DIRECTOR
TORONTO, ONTARIO, January 23, 2009 – Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the “Company”) announced today that Darren Stevenson has resigned from the Board of Directors of the Company.
The Board of Directors wishes to acknowledge the contribution that Mr. Stevenson has made to the Company, particularly in moving the Company to its current business of exploring for, developing and operating unconventional oil and gas projects in Canada through the acquisition of 75% of Access Energy Inc. in August 2007.
The Board of Directors wishes Mr. Stevenson every success in his future endeavors and thanks him for his participation with the Company.
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. The information related to the restatements in this press release remains subject to review and audit by Company’s
independent auditors and to completion of the audit of the Company’s 2008 financial statements. Although the Company does not expect material changes to the information set forth in this release, the completion of this process could result in further adjustments and the actual impacts may be different from those currently anticipated as set forth in this press release. There can be no assurance that the amount of any further adjustments will not be material. Other risks and uncertainties disclosed in the Company’s 10-KSB 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.
