Black Pearl Minerals Consolidated Inc.
TSX VENTURE : BLK

Black Pearl Minerals Consolidated Inc.

February 26, 2008 15:45 ET

Black Pearl Minerals Consolidated Inc.: NI 43-101 Report on Timmins Gold Property Filed on SEDAR

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Black Pearl Minerals (TSX VENTURE:BLK) ("the Company") is pleased to announce that the independent NI 43-101 compliant Technical Report from GEOEX Limited of Toronto, Ontario on the Geological Potential, Mineral Resource Estimate and Preliminary Economic Assessment for the Company's 100% owned Timmins Gold Property in Tully Township has been filed on SEDAR (www.sedar.com). The report is also available on the Black Pearl Minerals website at www.blackpearlminerals.com.

On January 28, 2008, the company press released the results of the NI 43-101 Technical Report on the Timmins Gold Property in Tully Township. The property comprises 16 contiguous claims (261 hectares) about 30 km north-northeast of downtown Timmins. The Company and previous operators have drilled 37,910 metres in 170 holes on the property. The independent resource estimate states that there is an indicated resource of 93,140 ounces of gold at 8 gpt and an inferred resource of 139,888 ounces of gold at 7.3 gpt. The report states the geologic potential of the project is 1.5-2.5 million ounces.



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Summary of Mineral Resource and Geological Potential Estimates

Grade Contained Gold
Tonnes Gm/tonne Troy Oz
Indicated Mineral Resource
(to 350m) 362,090 8 93,140

Inferred Mineral Resource
Drill Inferred to 350m 114,990 6.3 23,290
Inferred Extensions to 650m 477,080 7.6 116,590

Total Inferred Mineral
Resources 592,070 7.3 139,880

Geological Potential(i)
(to 650m) 6-7.8 million 8.0-10 1.5-2.5 million

(i) TheGeological Potential quantity and grade is conceptual in nature as
there has been insufficient exploration to define a "Mineral Resource" as
defined in NI 43-101 and it is unceratin if further exploration will result
in the geological potential being delineated as a Mineral Resource.
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Mitch Lavery (P.Geo), is the Company's qualified person as required under NI 43-101 and has reviewed the technical information contained in this press release.

Black Pearl Minerals is a TSX-Venture listed company engaged in mineral exploration and development activities. Its properties include the Timmins gold property, the Four Metals polymetallic property near Nogales, Arizona and the Wekusko Gold Property and the Thompson Bros. Lithium Property near Snow Lake, Manitoba.

Forward-Looking Statements

All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, 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 exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this news release.

Contact Information

  • Black Pearl Minerals Consolidated Inc.
    Robert Sibthorpe
    Chairman
    (604) 602 -4935
    or
    Black Pearl Minerals Consolidated Inc.
    Judy Baker
    President
    (416) 587-7268
    or
    Black Pearl Minerals Consolidated Inc.
    Jim MacDonald
    Corp. Communications
    (604) 602-4935
    Website: www.blackpearlminerals.com