DOG

Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is
pleased to provide a summary of its operations further to its recently filed
2011 financial results.


2011 was a solid year of growth for the Company on all its key business metrics.
Management of the Company is pleased with its results during a year that was
highlighted by challenging operational conditions due to extreme cold weather
during Q1 2011, followed by an extended breakup season due to heavy rains,
particularly in Northern Alberta and South East Saskatchewan, complex
negotiations with its joint venture partners, and fluctuating oil and natural
gas prices.


For the year ending December 31, 2011, the Company increased its revenue to
$4,002,208 (2010 - $2,754,659) which represented a 45% year over year increase.
The Company increased its operating netbacks to $1,243,885 (2010 - $827,008)
which represented a 50% year over year increase. Cash flow from operations
increased to $613,970 (2010 - $279,021) which represented a 119% year over year
increase. The Company achieved these increases notwithstanding that the Company
experienced a 63% increase in its yearly royalty charges to $1,020,023 (2010 -
$626,327) and had a 48% increase in its production and processing costs,
primarily due to inclement weather, to $1,920,024 (2010 - $1,301,324). Daily
production increased to 122 boepd (98% light oil) from 106 boepd (98 % light
oil) in 2010, representing a 15% increase. Management believes that the Company
did not realize its true production potential in 2011 but due to all these
unforeseen problems that caused multiple non scheduled shut in of production is
satisfied with the end results.


Blackdog's year-end reserves evaluation of its oil and gas properties with an
effective date of date of December 31, 2011 (the "Blackdog Reserve Report") was
prepared by an independent evaluator in accordance with the Canadian Oil and Gas
Evaluation Handbook and National Instrument 51-101 - Standards of Disclosure of
Oil and Gas Activities ("NI 51-101").


Under the Blackdog Reserve Report, the Company's net present value from
estimated future net revenue (before deduction of income tax and discounted at
10%) of its proved plus probable reserves increased to $10,415,700 (as at
December 31, 2011) from $8,464,400 (as at December 31, 2010), representing a
year over year increase of 23%. Management is also satisfied in these results
given the 45% revenue gain the Company achieved and our record Operating
Netbacks and Cash flows.


For a comprehensive quarter by quarter review of the Company's 2011 activities
please refer to the Company's management discussion and analysis and audited
financial statements filed on SEDAR at www.sedar.com. In addition, the Company
announces that it has filed its Form 51-101F1 Statement of Reserves Date and
Other Oil and Gas Information, Form 51-101F2 Statement of Reserves Data by
Independent Qualified Reserves Evaluator and Form 51-101F3 Report of Management
and Directors on Oil and Gas Disclosure on SEDAR.


About Blackdog

Blackdog Resources Ltd. is junior oil and gas Company focused on the production
of light and medium oil in South East Saskatchewan and Alberta. The Company has
27,166,212 Common Shares outstanding.


Certain information regarding Blackdog in this news release, including
management's assessment of future plans, operations and production may
constitute forward-looking statements under applicable securities laws and
necessarily involve risks including, without limitation, risks associated with
oil and gas exploration, development, production, marketing and transportation,
loss of markets, volatility of commodity prices, imprecision of reserve
estimates, environmental risks, competition from other producers, unexpected
decline rates in wells, wells not performing as expected, delays resulting from
or inability to obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements. Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on these and other factors that could affect
Blackdog's operations and financial results are included in reports on file with
Canadian securities regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com). The forward-looking statements or information contained
in this news release are made as of the date hereof and Blackdog does not
undertake any obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.


For the purpose of calculating unit costs, natural gas volumes have been
converted to a barrel of oil equivalent ("BOE") using six thousand cubic feet
equal to one barrel unless otherwise stated. A BOE conversion ratio of 6:1 is
based upon an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead. BOEs may
be misleading, particularly if used in isolation. Net present value of future
net revenue does not represent fair market value of the reserves. There is no
assurance that the forecast prices and cost assumptions will be attained and
variances could be material.

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