Blackhawk Resource Corp. Reports Vesting of 150BOE/D Performance Rights

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR),
is pleased to announce the vesting of the 150 BOE/D performance rights issued to
former Black Bore Exploration Ltd. shareholders as part of an amalgamation
agreement dated July 31, 2009 between Black Bore Exploration Ltd. and a wholly
owned subsidiary of Blackhawk Resource Corp.


Pursuant to the Rights Certificates common shares become issuable in the event
the Total Lands Production Factor exceeds one hundred and fifty (150) BOE/d for
three (3) consecutive production months on a monthly average basis. Total Lands
Production Factor means the sum of the production from Black Bore lands and 50%
of the production from any lands acquired subsequent to the amalgamation.


Blackhawk's monthly average production has exceeded 150 BOE/D from Black Bore
lands for the months of August, September and October 2010. In accordance with
the terms of the Rights Certificates the Corporation will be issuing
approximately 4,616,802 common shares of the Corporation upon conversion of the
Rights Certificates. Performance rights holders need take no further action to
effect the conversion of their rights and share certificates will be mailed to
each performance rights holder's address on record without action.


Post conversion of the150 BOE/D performance rights Blackhawk will have
60,039,144 common shares issued and outstanding.


All barrels of oil equivalent ("boe") conversions in this release are derived by
converting natural gas to oil in the ratio of six thousand cubic feet ("Mcf") of
gas to one barrel ("bbl") of oil. A boe conversion ratio of six mcf to one
barrel is based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the wellhead.


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.