Blackhawk Resource Corp. Reports Year End June 30, 2010 Reserves

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR), a
company focused on oil and gas exploration and development in Alberta, is
pleased to announce the results of an independent evaluation of the
Corporation's year end reserves by AJM Petroleum Consultants ("AJM") with an
effective date of June 30, 2010. 


Year End Highlights



--  Approximately 14.8 Mboe was produced from September 1, 2009 through June
    30, 2010 (Blackhawk's "2010 fiscal year"). 
--  Proved reserves grew from nil to 392 Mboe and nil to $9.7 million NPV10
    in the 2010 fiscal year. 
--  Proved plus Probable reserves grew from nil to 548 Mboe and nil to $13.3
    million NPV10 in the 2010 fiscal year. 
--  The Bodo Sparky horizontal well drilled in Q1 2010 accounts for the bulk
    of Blackhawk's reserves. Four seismically defined Sparky horizontal
    locations offsetting this well, with potentially significant reserves,
    have been identified. 


Reserves Summary

The following table summarizes AJM's evaluation of Blackhawk's reserves:

                                Year End June 30, 2010 Reserves - Forecast  
                                                  Prices                    
----------------------------------------------------------------------------
Working Interest Reserves                                       Proved plus 
 Before Royalties                   Proved (1)   Probable (2)      Probable 
----------------------------------------------------------------------------
Oil, Mbbl                               228.7          122.1          350.9 
Gas, MMcf                               977.6          200.2        1,177.8 
NGL, Mbbl                                 0.5            0.3            0.8 
----------------------------------------------------------------------------
Total Mboe                              392.2          155.8          548.0 
----------------------------------------------------------------------------
Net Present Value in thousands                                              
 (10% discount before tax) (3)      $   9,722      $   3,578      $  13,300 

(1) Proved Reserves are those reserves that can be estimated with a high
    degree of certainty to be recoverable. It is likely that the actual
    remaining quantities recovered will exceed the estimated proved
    reserves. 
(2) Probable Reserves are those additional reserves that are less certain to
    be recovered than proved reserves. It is equally likely that the actual
    remaining quantities recovered will be greater or less than the sum of
    the estimated proved plus probable reserves. 
(3) Future net revenues associated with reserves do not necessarily
    represent fair market value. 
(4) Comparisons to previous years are not provided as Blackhawk had no
    booked reserves as of August 31, 2009 - its prior year end. 



The AJM estimate was prepared in accordance with National Instrument 51-101
using the assumptions and methodology outlined in the Canadian Oil and Gas
Evaluation Handbook.


The reserves as at June 30, 2010 were established by two key events. The first
was the acquisition of Black Bore Exploration Ltd. ("Black Bore") on September
1, 2009, which accounted for 140 Mboe of proved plus probable reserve additions
and $4.4 million net present value discounted at 10% before tax ("NPV10"). The
second was drilling on the Bodo property during Q1 which accounted for 408 Mboe
of proved plus probable reserve additions and $8.9 million NPV10 value. The Bodo
property contains 90% of Blackhawk's reserve volumes and represents 92% of
Blackhawk's NPV10 value Approximately $2 million was spent drilling the Bodo
wells in the first quarter of 2010 to obtain the 408 Mboe and $8.9 million NPV10
value. Four additional seismically defined horizontal drill locations offsetting
the BLR Bodo #2 Sparky well have not yet been assigned reserves. As these
locations are drilled significant reserve additions are expected to be realized.


The estimates of reserves and future net revenue for individual properties may
not reflect the same confidence level as estimates of reserves and future net
revenue for all properties, due to the effects of aggregation.


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.


Mbbl = thousands of barrels

MMcf = millions of cubic feet

Mboe = thousands of barrels of oil equivalent

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.