BLR Blackhawk Resource Corp

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is
pleased to announce that it has completed a non-brokered private placement of
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 for gross proceeds of $1,700,000. The Flow-Through Shares
issued pursuant to the private placement are subject to a four-month hold
period. A finder's fee of 6% of the gross proceeds raised was paid to certain
finders in connection with the private placement. The Corporation now has
47,727,671 common shares issued and outstanding.


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. In addition, the Corporation continues to evaluate other
domestic opportunities to quickly grow the company through acquisitions and
drilling. 


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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