Blackdog Resources Ltd. Announces Completion of Buck Lake Cardium Horizontal Light Oil Well

Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is
pleased to announce the successful completion of the fracture stimulation
("frac") process and flow testing of its cardium horizontal light oil well (the
"Well") in the Buck Lake area of Alberta. The Company has a 15% working interest
in the Well and in the 480 acres area of land the Well is situated on, subject
to a 12% non-convertible gross overriding royalty interest.


During the 72 hour flow testing and flare period allowed by the regulatory
authorities, the operator of the Well recovered substantially most of the frac
oil used to stimulate the well. The Well is currently shut in for its mandatory
two week pressure build-up test period. The operator of the Well is in the
process of installing a pipeline to tie-in the Well and is equipping the site
with a tank battery, pump jack and separator. Management of the Company expects
the Well to be on production in early February, 2012 and intends to report light
oil, natural gas and natural gas liquids production rates after the remaining
frac oil is recovered.


The Company and its partners have also identified potential additional drilling
locations on the land and, pending results from this first well, will determine
the timing for additional wells to be drilled.


About Blackdog

Blackdog Resources Ltd. is a junior oil and gas company focused on the
production of light oil in SE Saskatchewan and Alberta. The Company currently
has 27,166,212 common shares outstanding.


Certain information regarding Blackdog in this news release, including
management's assessment of the expected timing for the production at the Well,
and Blackdog's future plans and operations, may constitute forward looking
statements under applicable securities laws and necessarily involve risks
including, without limitation, risks associated with pipeline construction and
tie-in operations, general 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.