Blackdog Resources Ltd.
TSX VENTURE : DOG

Blackdog Resources Ltd.

November 23, 2006 11:29 ET

Blackdog Announces Farm-In Agreement for High Impact Gas/Oil Well

CALGARY, ALBERTA--(CCNMatthews - Nov. 23, 2006) -

This news release is not for Dissemination in the United States

Blackdog Resources Ltd. (TSX VENTURE:DOG) is pleased to announce it has entered into an agreement with a private junior oil and gas company ("Privco") to participate in the drilling of a high impact development gas/oil well in the Harmattan area near Sundre, Alberta approximately 80 km northwest of Calgary.

Under the terms of the farm-in agreement, Blackdog will pay 25% of all costs to completion or abandonment to earn a 15% working interest in the half section of land the agreement covers. The well was spud on November 19, 2006 and will be drilled to a total depth of approximately 2400 metres. A successful well may lead to an additional well on the adjacent quarter section and additional wells in offset locations.

Blackdog has now entered into three Farm-In agreements since October 11, 2006 and now has three wells in various stages of drilling and completion.

Forward Looking Statement - This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.








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