BLR Blackhawk Resource Corp

Baltic Resources Inc. ("Baltic" or the "Company") (TSX VENTURE:BLR) announces
that as a result of auditor review (the "Review") of the Company's Interim
Consolidated Financial Statements, it has restated and re-filed its Interim
Consolidated Financial Statements (the "Statements") and Management's Discussion
and Analysis ("MD&A") for the three and nine months ended September 30, 2007.


The Review was completed in connection with the inclusion of the Statements in
the Company's Information Circular to be distributed to shareholders of the
Company for its upcoming Special Meeting.


As a result of the Review, the Company has increased its cash and accounts
receivable positions, with a corresponding decrease to mining interests, to
account for funding allocated to its Webequie joint venture partner that was not
expended as at September 30, 2007. Also, the Company's future income tax
liability was decreased to account for losses incurred during the quarter ended
September 30, 2007. Additional details regarding this re-filing may be found in
the Company's Statements and MD&A, accessed by visiting the SEDAR website at
www.sedar.com.

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