BLR Blackhawk Resource Corp

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is
pleased to announce that it has completed construction and commenced operation
of its new water disposal facility at its Bodo property in central eastern
Alberta. The facility is designed to dispose of up to 3,700 barrels of water per
day and will be utilized to dispose of all of Blackhawk's produced water in the
Bodo area. With the water disposal facility operational Blackhawk has returned
three of its 100% owned shut-in heavy oil wells to production. Expected
production from these wells is 65 barrels of oil per day.


Construction of the BLR Bodo #1 gas well tie-in will commence in early July and
the well is anticipated to be on production by mid July. This well is expected
to add 60 barrels of oil equivalent per day. 


Blackhawk is also pleased to announce that it has arranged a $1 million secured
credit facility from two officers of the Corporation. The Corporation entered
into promissory notes with each of the officers. Each promissory note has a
principal amount of $500,000 (collectively, the "Promissory Notes") and each
note bears interest at Prime Lending Rate plus 3.5% per annum calculated
monthly. The Promissory Notes are secured by a charge over all of the
Corporation's right, title and interest in and to all of the Corporation's
present and after-acquired property and all proceeds thereof. The Promissory
Notes are subordinate to senior indebtedness. 


The Corporation will use the proceeds of the loans for general corporate purposes. 

The Corporation has made an application for approval from the TSX Venture Exchange.

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.

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