Blackdog Resources Ltd. Announces Intention to Purchase Two Light Oil Properties in Alberta for $13,000,000

Blackdog Resources Ltd ("Blackdog" or the "Company") (TSX VENTURE:DOG) is
pleased to announce that it has signed two separate non-binding Letters of
Intent (the "LOI's") with two separate arm's length vendors to purchase two
light oil properties in Northern Alberta (the "Acquisitions"). Under the terms
of the LOI's, Blackdog will purchase both properties for a cumulative total of
$13,000,000 in cash. The properties ("Property A and Property B") currently
produce between 260-275 boepd (97% light oil).


Blackdog intends to purchase the first property ("Property A") from a Public
Company ("Pubco"). Property A has both Operated and Non Operated wells that the
Company will purchase. On average the Company will have a 25-50% W.I. in the
wells it is purchasing. Property A is located in a different area of Northern
Alberta than Property B. The oil produced at Property A comes from 3 different
formations, the Granite Wash, Gilwood and Slave Point. All of these oils are
high quality light oils that demand prices very close to listed Edmonton Par
pricing. The Company has identified multiple low cost, low risk re-entries into
existing well bores where it expects to yield high returns for low capital
investment.




                      Transaction Metrics of Property A                     
                                                                            
Proved Reserves (NPV10(BT))(1)                 $5,235,000                   
Proved Plus Probable Reserves (NPV10(BT))(1)   $9,247,000                   
July 2013 Production(2)                        160-170 boepd (99% light oil)
Edmonton Par Pricing for 2013(1)               $87.50                       
2013 Netbacks(3) at 2013 Forecasted Edmonton                                
 Par Price(1)                                  $45.88 per boepd             
Actual August 28, 2013 Edmonton Par Price(4)   $107.00                      
                                                                            
(1) Derived from Pubco's (as defined below) December 31, 2012 independent   
    reserves evaluation prepared by AJM Deloitte in accordance with National
    Instrument 51-101 ("NI 51-101") and the COGE handbook. An updated       
    reserves evaluation for Property A will be obtained and prepared in     
    accordance with NI 51-101.                                              
(2) Based on July, 2013 field estimates provided by the vendors.            
(3) Netbacks do not have a standardized meaning under GAAP. Netbacks are    
    determined by deducting royalties, production expenses and              
    transportation and selling expenses from oil and gas revenue. Netbacks  
    are per boe measures used in operational and capital.                   
(4) Allocation decisions from Daily Oil Bulletin August 28, 2013.           



Blackdog intends to purchase the second property ("Property B") from a Private
Company ("Privco"). Property B is a 6% Non Operated Working Interest ("W.I.") in
an emerging light oil play in Northern Alberta. Blackdog will be acquiring a
full 6% W.I. in over 300 sections of land, all facilities, pipelines, seismic
and other associated assets. The oil produced at this property is also a high
quality Gilwood oil that demands prices very close to Edmonton Par pricing.
Property B currently has over a dozen producing wells with all wells tied into
pipelines for both oil and water shipping and disposal. The property is fully
electrified resulting in very low operating costs. In excess of 30 possible
future drilling locations have been identified by the Operator of the property.
The current production from the property in July, 2013 based on field reports
provided by Privco was 105 boepd (95% light oil). Blackdog will be obtaining a
reserves evaluation report with respect to Property B prepared in accordance
with NI 51-101 in due course.


David A. Corcoran, President of Blackdog stated, "Blackdog is very pleased to
have identified and negotiated deals on both of these high quality light oil
properties. The Company believes that by assembling multiple producing light oil
properties with reduced risk but additional running room for growth and
excellent financial metrics, it will be able to attract required funding from
financial institutions and investors and enhance shareholder value. The
successful closing of these Acquisitions would cause Blackdog to become a larger
entity with higher rates of production, stronger cash flows and reserves and
provide a clear roadmap for future growth."


Each of the Acquisitions remain subject to completion of due diligence,
financing, board approval by both parties and the execution of definitive
purchase and sale agreements, as well as approval by the TSX Venture Exchange.
Blackdog intends to announce the details of the proposed financing for the
Acquisitions in due course. Both Acquisitions are expected to be completed in
October 2013.


About Blackdog

Blackdog is a junior oil and gas Company focused on light oil development in
South East Saskatchewan and Alberta. The Company currently has 27,166,212 common
shares outstanding.


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 the accuracy of this release.


Certain information regarding Blackdog in this news release, including whether
either or both of the Acquisitions will be completed and the expected timing
thereof, as well as the number of possible future drilling locations on Property
A, the expected returns on investment in re-entries on Property B and the
anticipated assessment of future productive capacity of the properties to be
acquired, may constitute forward looking statements under applicable securities
laws. Such forward-looking statements necessarily involve a number of
substantial known and unknown risks including, without limitation, risks
associated with the benefits to be derived from the Acquisitions, 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.


"Boepd" means barrels of oil equivalent per day. The term "barrels of oil
equivalent" or "boe" may be misleading, particularly if used in isolation. A
"boe" conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency
conversion method primarily applicable at the burner tip and does not represent
a value equivalency at the wellhead.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blackdog Resources Ltd.
David A. Corcoran
President
[phone]
[e-mail]
www.blackdogresources.com