Blackhawk Resource Corp.
TSX VENTURE : BLR

Blackhawk Resource Corp.

April 29, 2010 09:00 ET

Blackhawk Resource Corp. BLR Bodo #2 Sparky Well Begins Production

CALGARY, ALBERTA--(Marketwire - April 29, 2010) - Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is pleased to announce that it has successfully commenced production at its 100 % owned BLR Bodo #2 horizontal well in the Provost area of Alberta. The well began commercial production on April 23, 2010 and is currently producing above expectations at approximately 180 barrels of medium weight oil per day.

Using 3D seismic data, Blackhawk has identified four additional horizontal Sparky locations on Corporation owned land. The Corporation expects the first follow up well to spud in June 2010.

BLR Bodo #1 – Colony Vertical Well

Work to tie-in the 100% BLR Bodo #1 vertical Colony well is progressing as scheduled. BLR Bodo #1 was drilled to a total depth of 724 metres and encountered hydrocarbon pay in the Colony Formation. After perforating, the Colony zone flowed gas at a maximum rate of 1.6 million cubic feet per day with an average choked rate of 750 thousand cubic feet per day over the testing period. A tie-in point has been surveyed, and transportation and processing capacity have been arranged. It is expected the BLR Bodo #1 well will be on-stream in June 2010.

Bodo Water Disposal Facility

Blackhawk is also pleased to announce that construction of the Bodo water disposal facility has commenced. This water disposal facility will service and benefit all of the Blackhawk producing wells in the Provost area by lowering the operating costs associated with produced water disposal. With completion of the water disposal facility, three 100% Blackhawk working interest wells will be returned to production adding an additional 65 barrels per day of oil production. Completion of the water disposal facility is expected in June 2010.

Based on the current ongoing field activities Blackhawk expects to exit Q2 2010 with production in excess of 300 barrels of oil equivalent per day.

Trading in the securities of the Corporation should be considered highly speculative.

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.

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 accuracy of this release.

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