Black Smoker Provides Corporate Update

January 05, 2012

Appointment of Philip Olson to the Advisory Board
Drill Program Planned for February / March 2012
Geological Consulting Agreement with Peter Theyer
Resignation of Director

VANCOUVER, BRITISH COLUMBIA -- Black Smoker Ventures Inc. (CNSX:BSM) ("Black Smoker" or the "Company") announces that it has appointed Philip E. Olson, P.Geo., to its advisory board to assist the Company with the development of its exploration plans at the Fox Lake Mine project.

Mr. Olson's career includes the positions of Chief Geologist at the Kidd Creek Mine from 1990 to 1995 for Falconbridge Limited, Exploration Manager at Hemlo Gold Mines until 1997, followed by successive positions VP, Exploration and Corporate Development with Claude Resources Inc. from 1997 to 2005 and successively President, Chairman and CEO with Titan Uranium Inc. until his retirement in 2009.

Mr. Olson has been a Director of Pelangio Mines Inc. and its successor Pelangio Exploration Inc. since 1997. He was also a Director of Detour Gold Corporation from 2007 until 2010. Mr. Olson served a three year term with the Association of Professional Engineers and Geoscientists of Saskatchewan as a Councilor and member of its Law and Ethics Committee. He was also a member of the committee for the development of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

February/March 2012 Drill Program

Black Smoker, upon conclusion of recent modeling and additional geophysical interpretation, now plans to commence a February/March drill program at Fox Lake to test the deep conductor identified in this past summer's deep penetrating SQUID survey. The Fox Lake deposit area has never been tested at depth and this signature has emerged as the primary drill target for the first phase campaign.

Geological Consulting Agreement with Peter Theyer

The Company has entered into a consulting agreement with Peter Theyer, Ph.D., pursuant to which Dr. Theyer will provide geological consulting services and technical advisory services to the Company in connection with the exploration program on the Company's Fox Lake Property.

Pursuant to the terms of the consulting agreement, the Company will pay Dr. Theyer $80.00 per hour and reimburse Dr. Theyer for all pre-approved expenses incurred in connection with the consulting agreement.

Dr. Theyer completed his Ph. D. in geology in 1969 at the University of Vienna in Austria. Dr. Theyer began his career in 1970 with Falconbridge Nickel Mines as an exploration geologist in the Manitoba Nickel Belt. This initial exposure and interest in the geology and economic prospects of mafic-ultramafic rocks hosting nickel, copper and Platinum Group Elements, was soon rounded out with the discovery of an eventually mined copper, zinc gold VMS deposit in the Dominican Republic. After five years as an exploration geologist, Dr Theyer transitioned to the Manitoba civil service where he spent over 30 years as a commodity geologist specializing in base and precious metals. While working with the Provincial Geological Survey, Dr. Theyer pioneered the search for Platinum Group Elements in Manitoba by proving their existence in the Bird River Sill of southeast Manitoba.

Carson Seabolt, President and Chief executive officer states: "The appointment of Philip Olson is particularly complementary to our program as Phil completed a thesis on the mine area during its operation by Sherritt Gordon in the mid 80's and as a result is intimately familiar with the exploration potential of the Fox Lake Mine project. We view Philip's participation as a validation of our exploration concept and we are grateful for his guidance as we advance towards our deep drill test this February. Philip's tenure as Chief Geologist at Kidd Creek, one of the world's largest and deepest VMS deposits, makes him a well suited advisor as Black Smoker pursues additional deep lenses of mineralization at Fox Lake."

Resignation of Director

The company would also like to announce that Bruce Hannan has resigned as a Director of the Company effective December 8, 2011.

About Black Smoker

Black Smoker is presently focused on the exploration of the Fox Lake Property in Manitoba, Canada. The Company will continue its core business of promotional management while developing and assessing plans for the Fox Lake Property. A total of approximately 12 million tonnes grading 1.82 % copper and 1.78% zinc was produced from the Fox Mine in the years 1970 to 1985. Black Smoker is utilizing modern deep penetrating geophysical techniques to target new discoveries at depth and in proximity to the historic mine site.

On behalf of the board of directors of:

BLACK SMOKER VENTURES INC.

Per: "Carson Seabolt" Chief Executive Officer

For further information please contact:
Carson Seabolt
Telephone: (604) 687 6684 ext 103
www.blacksmokerventures.com

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise unless required by applicable securities law.

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