Black Bull Resources Inc.
TSX VENTURE : BBS

Black Bull Resources Inc.

May 12, 2005 09:34 ET

Black Bull Resources Inc.: Interim Financial Statement Release

SHELBURNE, NOVA SCOTIA--(CCNMatthews - May 12, 2005) - Black Bull Resources Inc. (TSX VENTURE:BBS) has released its Interim Report including the Financial Statements and Management Discussion & Analysis for the quarter ended March 31, 2005. The Company recorded a net loss during the quarter of $298,662 ($186,295 March 31, 2004) or $0.007 per share ($0.010 March 31, 2004).

For fiscal 2005 to date, Black Bull reports a net loss of $597,322 ($536,560 March 31, 2004) or $0.014 per share ($0.029 March 31, 2004).

Black Bull is in the final development stages of its on-site quartz processing plant and expects its completion by the end of fiscal 2005.

Further detailed information may be obtained from filings at http://www.SEDAR.com or http://www.blackbullresources.com.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding the Company's mining properties, development results or future plans, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed elsewhere in documents that are available to the public.


THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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