Blacksteel Energy Inc. announced that Mr. Duncan Nightingale has resigned as Chief Executive Officer of the Corporation for personal reasons. The company announced that Arthur Madden, the Corporation's Chief Financial Officer, has agreed to assume the position of Chief Executive Officer of the Corporation. Mr. Arthur Madden, CMA, CPA, MBA, ICD.D., brings over 40 years of experience as a Director, Advisor and Chief Financial Officer with international capital markets experience for private and public entities in Canada, Argentina, Russia, USA, and the Middle East.

Mr. Madden has proven abilities in strategic planning, capital markets, value creation, and environmental, social, and corporate governance for public and private companies, including start-ups and initial public offerings. He is a previous director of Painted Pony Energy, a rapidly growing producer in Canada's Montney hydrocarbon play.