BLR Blackhawk Resource Corp

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is
pleased to announce that it has spud the first of two back to back wells on its
Bodo property in the Provost area of Alberta. Bodo is a core area for the
Corporation, where it holds approximately 4,220 net acres of land and has
interests in four oil wells and one gas well. 


The BLR Bodo #1 well is a 750 metre vertical well targeting bypass oil pay in
the Colony Formation. The location was chosen based on seismic data and offset
well logs. The Corporation anticipates that the drilling and completion for this
well will take approximately seven days. The Corporation has identified six
follow-up drilling locations that are contingent upon the successful completion
of the BLR Bodo #1 well.


The second of Blackhawk's first quarter wells is expected to be spud within the
next two weeks, provided weather conditions remain favourable. BLR Bodo #2 will
be drilled to a vertical depth of 750 metre with a 600 metre horizontal leg. The
BLR Bodo #2 well is targeting oil in the Sparky Formation and is expected to
require 11 days to drill and case. This location was also chosen based on 3-D
seismic and offsetting well logs. In the event of a successful well, it is
anticipated that the completion of the horizontal leg in the Sparky zone will
require a multiple fracture stimulation which will be performed as soon as
possible. 


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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