BlackPearl Announces Annual Meeting Date

CALGARY, ALBERTA--(Marketwire - March 18, 2011) - BlackPearl Resources Inc. (TSX:PXX)(FIRST NORTH:PXXS) ("BlackPearl" or the "Company") announces that the Annual General Meeting of the Company will be held in the Viking Room at the Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary, Alberta, on Wednesday, May 11, 2011 at 3:00 p.m. (Calgary time) for the following purposes:

1. to receive and consider our consolidated financial statements for the year ended December 31, 2010 and the report of the auditors' thereon;

2. to elect directors for the ensuing year;

3. to appoint auditors for the ensuing year and authorize the directors to fix their remuneration; and

4. to transact such other business as may be properly brought before the meeting or any adjournment thereof.

The Company also advises that the holders of Swedish Depository Receipts ("SDRs") of BlackPearl as at March 14, 2011 are entitled to vote at the Annual General Meeting of shareholders. Forms for registration to vote SDRs by proxy can found on the website of E. Öhman J:or Fondkommission AB at www.ohman.se. The forms should be returned to E. Öhman J:or Fondkommission AB no later than May 3, 2011.

The Company's financial statements for the year ended December 31, 2010 are available on SEDAR and on its website, and the annual report will be available to the public on or before March 31, 2011.

BlackPearl's Certified Advisor on First North is E. Öhman J:or Fondkommission AB.

Company Registration Number: 409596-1

The report for the period ending March 31, 2011 will be published on or before May 15, 2011.