Blacksands Petroleum cancels annual meeting of January 8, 2009

    TORONTO, Jan. 6 /CNW/ - Blacksands Petroleum, Inc. (OTC Bulletin Board:  
BSPE) (the "Company") announced today that it has come to its attention that
notwithstanding the postponement of its Annual Meeting rescheduled to January
8, 2009, the Company is still short of the required quorum needed to hold the
    Accordingly, the Company has cancelled the Annual Meeting scheduled for
January 8, 2009, and will announce a new meeting date shortly.

    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

    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.

For further information:

For further information: Paul A. Parisotto, President & CEO, (416)

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