Black Bull Resources Inc.
TSX VENTURE : BBS

Black Bull Resources Inc.

April 11, 2007 19:11 ET

Black Bull Resources Inc. Holds AGM and Announces Ramp-Up Plans to Meet Market Demand

SHELBURNE, NOVA SCOTIA--(CCNMatthews - April 11, 2007) - Black Bull Resources Inc. (TSX VENTURE:BBS) held its annual general meeting of shareholders (AGM) today in Halifax, Nova Scotia.

During presentations and a question period following the AGM, the Company confirmed it held non-binding letters of intent for sales of almost 10,000 tons of quartz to the swimming pool industry. The Company has also received verbal expressions of interest for an additional 12,000 tons of its Scotia White™ quartz. Commercial production is scheduled to resume in May 2007, utilizing improvements such as the Barmac vertical-shaft-impact (VSI) crushing plant, stacking conveyors, and processing plant changes.

Rick Shearer, President & CEO, said, "Customer interest in the Scotia White™ unique quartz has been strong in many geographic areas, including markets as far away as California. We believe our product is a brighter, whiter, more durable stone for the pool-finish and engineering-stone markets as well as many other applications. Customers are telling us they agree."

"We have made over 100 direct sales calls and we are now receiving truck-load orders for shipment in April and May; some of which we are filling with existing inventory of material. We are encouraged by the response we have received in the market place, and we expect sales to continue to ramp up."

Black Bull also announced its goal and plans to achieve positive cash flow during 2008 and profitability in 2009. To reach these goals, the Company will improve and expand its production facilities at the White Rock Property, near Shelburne, Nova Scotia, in late 2007. The Company also confirmed it intends to issue approximately $5.5 million in new equity in the near future, pending regulatory approval.

The Company intends to grant 390,000 stock options to its Directors at today's exercise price of $0.115. The proposed granting of stock options is subject to regulatory approval.

About Black Bull Resources Inc.

Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that operates the White Rock Mine near Shelburne. The Mine produces a bright-white, high-purity quartz, marketed under the Scotia White™ trademark which is used in a range of value-added, specialty products.

The White Rock Property also contains an identified resource of kaolin and mica which the Company plans to further develop.

Further detailed information may be obtained from the Company's website www.blackbullresources.com or corporate filings at www.SEDAR.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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