Pitchblack Resources Ltd.
TSX VENTURE : PIT.H
NEX BOARD : PIT.H

September 02, 2015 08:24 ET

Pitchblack Completes Shares for Debt Settlement

TORONTO, ONTARIO--(Marketwired - Sept. 2, 2015) - Pitchblack Resources Ltd. (NEX:PIT.H) ("Pitchblack" or the "Company") has completed its share for debt settlement with various creditors as previously announced on August 19, 2015, and has issued 13,120,000 common shares of the Company (the "Shares") at a deemed price of $0.05 per Share. As a result the Company currently has 46,240,614 common shares issued and outstanding.

The Shares are subject to a statutory hold period of four months and one date which expires on December 29, 2015.

About Pitchblack Resources Ltd.

Pitchblack has uranium, coal and gold assets in the Yukon Territory, Canada. The Company is currently reviewing the potential of these properties.

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements regarding ability to close the shares for debt settlement and receipt of regulatory approval. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties and risks of the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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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