Blackdog Resources Ltd.

Blackdog Resources Ltd.

July 19, 2011 08:52 ET

Blackdog Resources Ltd. Announces Options Grant

CALGARY, ALBERTA--(Marketwire - July 19, 2011) - Blackdog Resources Ltd. ("Blackdog") (TSX VENTURE:DOG) announces it has granted options ("Options") to a acquire an aggregate of 550,000 common shares at a price of $0.38 per share for a period of 5 years vesting immediately to its directors and officers, subject to regulatory approval and TSX Venture approval. Pursuant to applicable securities legislation, the Options are subject to a four month hold period. Following this grant, Blackdog has 2,239,000 outstanding options representing 9.1% of its issued and outstanding common share capital.

Blackdog is a junior oil and gas company focused on light oil with operations in South East Saskatchewan and Alberta. Blackdog has 24,574,318 common shares outstanding.

This press release may contain forward looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Blackdog, including, without limitation, statements pertaining to regulatory approval for the issuance of stock options, including Blackdog's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Blackdog's disclosure documents on the SEDAR website at Any forward-looking information statements are made as of the date of this release and, other than as required by applicable securities laws, Blackdog does not assume any obligation to update or revise them to reflect new events or circumstances.

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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