Blackstone Minerals Limited announced outstanding results from the first hole of a maiden drilling program at the very high grade Little Gem Cobalt-Gold Project (Little Gem) in British Columbia, Canada. Highlights: Blackstone's first drill hole has intersected massive, semi-massive and disseminated mineralisation with the following significant results: 4.3 m @ 1.0% cobalt & 15 g/t gold; including 1.1 m @ 3.0% cobalt and 44 g/t gold; Initial results from the maiden drilling are consistent with historic drilling and adit channel sampling which returned average grades of 3% cobalt and 20 g/t gold; The first hole has only tested the upper portion of the mineralised target with multiple zones of massive sulfide (Co-Au) mineralization identified within a broader alteration halo; Maiden drilling is consistent with historic underground drilling from adits including: 1.8 m @ 2.4% cobalt & 112 g/t gold; 3.3 m @ 1.4% cobalt & 80 g/t gold; and 3.3 m @ 1.4% cobalt & 12.3 g/t gold; Results from historic adit channel sampling at Little Gem include: 1.8 m @ 4.4% cobalt & 73 g/t gold; 2.0 m @ 3.1% cobalt & 76 g/t gold; and 1.5 m @ 5.4% cobalt & 26 g/t gold; The Little Gem Project covers a large land holding with 48 km of untested strike potential of geology analogous to the world class Bou-Azzer primary Cobalt district in Morocco; Little Gem is favourably located less than 15 km along strike from the Bralorne-Pioneer mining complex (endowment of 4.4 Moz at 17 g/t Au). Little Gem Project Maiden Drilling Results: Blackstone Minerals Limited has commenced its maiden drilling program at the very high grade Little Gem Cobalt-Gold Project in British Columbia, Canada. The drilling program started late in the field season and hence only one diamond drill hole was able to test the target zone before the onset of winter weather conditions. The successful diamond drill hole has only tested the upper portion of the alteration zone as it was terminated (due to mechanical issues) halfway through the mineralised target. Although the drill hole was successful and confirmed historic drilling and sampling results, it has not tested the full potential of the cobalt and gold mineralisation at Little Gem. The successful drill hole intersected massive, semi-massive and disseminated mineralisation with the following significant results: 4.3 m @ 1.0% cobalt & 15 g/t gold; including 1.1 m @ 3.0% cobalt and 44 g/t gold. The Company now looks forward to completing the maiden drill program upon recommencement in second quarter of 2018 to follow up this outstanding result and to further understand the full potential of the Little Gem prospect. Future drilling at Little Gem will be focused on delineating the extents of the mineralisation with potential to deliver a maiden resource in the medium term.