Blackdog Resources Ltd. Updates Winter Operations

Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is
pleased to provide a comprehensive update on its 2012 winter drilling and
recompletion program. In total, the Company did work on 7 wells during the
quarter before an early breakup season commenced which has temporarily limited
work on some of its ongoing projects.


Whitebear, Saskatchewan

The Company repaired a pump on a shut-in well (the "Whitebear Well") and
returned the Whitebear Well to full production in February, 2012. The Whitebear
Well has been shut-in for 18 months and is now back to its historical production
levels. The aggregate cost to restart the Whitebear Well was under $15,000.
Originally the Whitebear Well repairs were scheduled for completion in the
summer of 2011 but were delayed due to severe flooding in the area for several
months and again by the lack of available service equipment when the ground
finally froze. The Company also intends to reactivate production from two more
wells at Whitebear during the summer of 2012. The Company has a 100% Working
Interest ("W.I.") in all three of these wells at Whitebear.


Woking, Alberta

The Company repaired pumps on two wells at Woking and recommenced production
from these two wells in March, 2012. The first well (5-15) (90.45% W.I.)
performed below the Company's expectations in 2011 and was eventually shut-in at
the end of 2011 while a technical assessment could be completed. Upon the
completion of the technical assessment, the well was brought back online and the
Company is very pleased with the increase in production resulting from the
addition of the new pump on the well. As a result of this improvement the
Company has begun a retrofit of all its down hole pumps at Woking. The second of
these wells, (6-21) (53.33% W.I.) was repaired in late March, 2012 and has now
been back on production for a couple of weeks. The Company has also seen a
significant improvement in production in this well in the short period of time
it has been back on production. The Company intends to retrofit pumps on two
additional wells post breakup and may retrofit additional shut-in or suspended
wells at Woking once a realistic testing period confirming the early results of
the retrofitted wells has been verified. The gross capital cost to retrofit both
of these wells was approximately $40,000 (net approximately $30,000 to
Blackdog). 


Girouxville, Alberta

The Company repaired tubing and pumps on two wells during Q1, 2012 which, based
on field reports, brought both wells back to their historic production levels by
the end of the quarter.  Blackdog has a 55% W.I. in one well and a 50% W.I. in
the second well. The Company's portion of the aggregate capital costs for these
two work overs was approximately $80,000. The operator of the property at
Girouxville recently sold its interest to a third party. Management believes
that this will have a long term positive benefit to the property as the new
operator considers the property core to its light oil strategy. Blackdog intends
to work with the new operator and anticipates achieving improved operating
results and lowering operating costs on the property to the benefit of both
partners.


Buck Lake, Alberta

The Company commenced commercial flow production from its 9-22-46-6 cardium
light oil horizontal well on February 17, 2012, after completion of a pipeline
for natural gas and natural gas liquids. After a 10 day flow test period, the
partners mutually agreed to equip the well with a pump jack. The pump jack was
successfully installed on March 6, 2012. After a one week pumping test, the well
partners determined to re-enter the well and retrieve several frac balls that
were impeding the production from the well. During the successful removal of the
frac balls, load oil was lost into the formation. The well recommenced
production on March 17, 2012 and all load oil has now been recovered. The
Company anticipates announcing production results after the well has produced at
a stabilized rate for a significant period of time. The well is currently
producing a combination of light oil which is being trucked off the property for
sale, and natural gas and natural gas liquids which are flowing through the
Company's pipeline to market for sale. 


The Company has a 15% W.I. in the well and in the 3/4 section of land the well
is situated on. Management of the Company believes that there are multiple
potential future drilling locations available on the land. 


In addition in the Buck Lake area, the Company had two cardium light oil
drilling targets delayed due to certain negotiations with landowners regarding
surface drilling locations during the quarter. The Company has a 15% W.I. in
each of these locations and expects the wells will be drilled later in 2012 or
in the winter of 2013.


Breton, Alberta

The Company was approached by the operator of its suspended gas well (3-29-48-3)
(15% W.I.) to abandon the current zones and to go up hole and perforate and
fracture stimulate another target gas zone. Blackdog would normally not
participate in a gas well but in this circumstance with a pipeline already built
and tied into the well and the logs looking positive in the target formation and
the potential production reward for such a small capital investment, the
decision was made to participate. The frac was successful and the well tested at
rates of approximately 500 mcf or 83 boepd per day (net 75mcf or 13 boepd to
Blackdog) plus natural gas liquids rate of approximately 10-15 barrels per day
(net 1-2 to Blackdog). Blackdog's total capital cost for this re-entry was
approximately $60,000. The two week mandatory test period on the well has now
been completed and the Company has determined to shut-in the well until natural
gas prices improve. Management of the Company believes this was a prudent
decision to participate in this well as a way to maximize the value of one of
its non economic assets and increase the overall reserves and future production
of the Company.


The Company has had an active and busy winter season and management of the
Company believes these capital investments have added incremental production and
reserves to the Company. Management believes the Company is well positioned to
continue to grow its production for the balance of 2012 and beyond with its
current assets. In addition, the Company continually investigates light oil
drilling prospects and current light oil producing assets that are for sale and
will not hesitate to add further accretive light oil properties to its
portfolio.


About Blackdog

Blackdog Resources Ltd is a junior oil and gas company focused on the production
of light oil in South East Saskatchewan and Alberta. The Company currently has
27,166, 212 common shares outstanding.


Certain information regarding Blackdog in this news release, including
management's assessment of future plans and operations, may constitute forward
looking statements under applicable securities laws and necessarily involve
risks including, without limitation, 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.


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.