BLR Blackhawk Resource Corp

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is
pleased to announce it intends to complete a non-brokered private placement of
up to 10,000,000 common shares in the capital of the Corporation issued on a tax
flow-through basis (each a "Flow-Through Share") at a price of $0.17 per
Flow-Through Share. The Corporation anticipates closing the placement on or
about December 4, 2009.The completion of the private placement is subject to TSX
Venture Exchange Inc. approval and other regulatory approval.


Proceeds of the private placement will be used for eligible exploratory and
development activities on the Corporation's Bodo properties. Bodo is currently
one of the Corporation's principal producing areas. The Corporation has four
potential oil well drilling locations in inventory and intends to use the
proceeds of this placement to drill at least two of these targets in the first
quarter of 2010. The Corporation continues to evaluate other domestic
opportunities to quickly grow the company through acquisitions and drilling.


In addition the Corporation wishes to announce that it has changed it's year end
to June 30. Therefore the current fiscal year end will end on June 30, 2010.


Trading in the securities of the Corporation should be considered highly
speculative.


Statements in this press release may contain forward-looking information
including expectations of future operations, commerciality of any gas
discovered, operating costs, commodity prices, administrative costs, commodity
price risk management activity, acquisitions and dispositions, capital spending,
access to credit facilities, income and oil taxes, regulatory changes, and other
components of cash flow and earnings. The reader is cautioned that assumptions
used in the preparation of such information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted, a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the company. These risks
include, but are not limited to, the risks associated with the oil and gas
industry, commodity prices and exchange rate changes. Industry related risks
could include, but are not limited to, operational risks in exploration,
development and production, delays or changes in plans, risks associated to the
uncertainty of reserve estimates, or reservoir performance, health and safety
risks and the uncertainty of estimates and projections of production, costs and
expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.

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