Black Bull Resources Inc.
TSX VENTURE : BBS

Black Bull Resources Inc.

July 29, 2005 06:58 ET

Black Bull Resources Inc.: Interim Financial Statement Release

SHELBURNE, NOVA SCOTIA--(CCNMatthews - July 29, 2005) - Black Bull Resources Inc. has released its Interim Report including the Financial Statements and Management Discussion & Analysis for the quarter ended June 30, 2005. The Company recorded a net loss during the quarter of $411,768 ($588,356 June 30, 2004) or $0.009 per share ($0.022 June 30, 2004).

For fiscal 2005 to date, Black Bull reports a net loss of $1,009,090 ($1,124,916 June 30, 2004) or $0.023 per share ($0.042 June 30, 2004).

Black Bull has placed orders for major processing equipment and site preparation has begun. The Company now expects to commission the plant by the end of October 2005.

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