Blackhawk Resource Corp.
TSX VENTURE : BLR

Blackhawk Resource Corp.

November 26, 2013 19:00 ET

Blackhawk Adopts New By-Laws

CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - Blackhawk Resource Corp. (the "Corporation") (TSX VENTURE:BLR) announces that its board of directors has adopted replacement By-law No. 3 ("New By-laws"). The New By-laws have been modernized as compared to the prior By-laws and reflect changes to corporate law in Alberta, general technological advancements and standard corporate practices. The New By-laws are more consolidated than the prior By-laws in that they do not restate many legislative requirements, including, among others, provisions dealing with corporate borrowing, proxy matters, the place and time of meetings and notice to shareholders.

The New By-laws also incorporate an advance notice provision with respect to the nomination of directors. The New By-laws set forth a procedure requiring advance notice to the Corporation by any shareholder who intends to nominate any person for election as a director of the Corporation other than pursuant to a proposal or a requisition of shareholders made in accordance with the Business Corporations Act (Alberta). Among other things, the advance notice provision fixes a deadline by which holders of record of common shares of the Corporation must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Corporation.

The New By-laws also reflect changes with respect to the electronic transfer of securities required to support the Direct Registration System for the Corporation's securities.

The New By-laws are effective immediately and will be placed before shareholders for ratification and confirmation at the upcoming annual general and special meeting of shareholders of the Corporation on December 19, 2013. A copy of the New By-laws has been filed under the Corporation's profile at www.sedar.com.

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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