Blackhawk Announces Corporate Update

Blackhawk Resource Corp. (the "Corporation") (TSX VENTURE:BLR) is pleased to
announce that it has received TSX Venture Exchange Inc. ("TSXV") conditional
approval to become an Investment Issuer. The Corporation will begin evaluating
investment opportunities immediately with its primary focus being to seek
returns through investments in the securities of other companies and other
assets. Investments will now be made in accordance with the TSXV conditional
approval.


The Corporation has also granted options to acquire 300,000 common shares of the
Corporation ("Common Shares") to various directors and officers of the
Corporation. The options have an exercise price of $0.10 per Common Share and
expire on that date that is five years from the date of grant. The Corporation
has determined that exemptions from the various requirements of TSXV Policy 5.9
are available for the granting of the options.


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
[phone]
[e-mail]