BLR Blackhawk Resource Corp

Blackhawk Resource Corp. (the "Corporation" or "Blackhawk") (TSX VENTURE:BLR),
is pleased to announce that it has received a waiver of sponsorship in regards
to its previously announced proposed change of business to an investment company
(the "Proposed COB"). The Corporation continues to wait the TSXV conditional
approval of the Proposed COB and expects to receive the conditional approval for
the Proposed COB in the next period. The Corporation will begin evaluating
investment opportunities immediately with its primary focus will be to seek
returns through investments in the securities of other companies and other
assets. No investments will be made until such TSXV conditional approval is
provided.


It is expected that trading in Blackhawk Shares on the TSXV will resume on
Monday February 24, 2014. 


Further to the news release of February 21, 3014, Blackhawk is pleased to
announce that W. Scott McGregor will be added to the Board effective Monday
February 24, 2014. 


Completion of the Proposed COB is subject to a number of conditions, including
TSXV acceptance and, if required, shareholder approval. 


Investors are cautioned that, except as disclosed in the Management Information
Circular and/or Filing Statement to be prepared in connection with the Proposed
COB any information released or received with respect to the Proposed COB may
not be accurate or complete and should not be relied upon. Trading in the
securities of the Corporation should be considered highly speculative.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blackhawk Resource Corp.
Dave Antony
CEO
(403) 531-1710
dantony@blackhawkcorp.ca
www.blackhawkcorp.ca

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