Blackdog Resources Ltd. Closes First Tranche of Non-Brokered Flow-Through Private Placement for Gross Proceeds of $1,061,711

Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is
pleased to announce that it closed the first tranche of its previously announced
non-brokered private placement (the "Private Placement") on Friday, November 25,
2011. The Company issued an aggregate of 2,211,931 Common Shares on a
"flow-through" basis under the Income Tax Act (Canada) ("Flow-Through Shares")
at a price of $0.48 per share for gross proceeds of $1,061,711. All Flow-Through
Shares issued pursuant to the Private Placement are subject to a four-month hold
period from the Closing Date.


In connection with the Private Placement, the Company paid certain eligible
investment professionals an aggregate of $53,200 in finder's fees and issued
110,834 share purchase warrants ("Broker Warrants"), each such Broker Warrant
exercisable for one common share of Blackdog at a price of $0.48 per share, for
one year from the closing of the Private Placement. The Company intends to close
the final tranche of its Private Placement on or before December 15, 2011.


Proceeds from the Private Placement will be used to incur eligible flow-through
expenditures to advance the Company's light oil properties in Alberta including
put not limited to its Pembina Horizontal Cardium play, Evi Slave Lake
Horizontal play and Leduc Reef D3 play. 


The Company also announces that drilling has started on its horizontal cardium
well at Buck Lake, Alberta. The Company has a 15% working interest in the well
and in the entire 3/4 section of land the well is situated on, subject to a 12%
non-convertible gross overriding royalty. The Company anticipates the time frame
to drill and, if warranted, case the well will be approximately 14 days.


Blackdog Resources Ltd is a junior oil and gas company focused on the
development of medium and light oil properties in South-east Saskatchewan and
Alberta. The Company has 26,786,249 common shares outstanding.


FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the closing of the final tranche of
the Private Placement, the use of funds from the Private Placement and the
planned operations of the Company. The forward-looking statements contained in
this document are based on certain key expectations and assumptions made by
Blackdog, including with respect to the use of funds from the Private Placement
and the Company's planned operations. Although Blackdog believes that the
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking
statements because Blackdog can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number
of factors and risks. These include, but are not limited to, the failure to
obtain necessary regulatory approvals, risks associated with the oil and gas
industry in general (e.g., operational risks in development, exploration and
production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of reserve
estimates; the uncertainty of estimates and projections relating to production,
costs and expenses, and health, safety and environmental risks), commodity price
and exchange rate fluctuations. The forward-looking statements contained in this
document are made as of the date hereof and Blackdog undertakes no 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.