Blackhawk Resource Corp. Reports Sale of Bodo Property

Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR),
is pleased to announce the signing of a Letter agreement related to sell one of
its Bodo properties to an arm's length party. The Bodo property, which holds one
producing well, has average net production of 56.5 barrels of oil per day. The
property is to be sold for gross proceeds of approximately $6,000,000. The
transaction is expected to close on or about May 16, 2012.


After the sale, the Corporation will still maintain a number of operated and
non-operated properties in Central Alberta and will use the proceeds from the
sale to pursue other resource opportunities. 


The transaction is subject to certain standard conditions of a deal of this
nature, including regulatory approval and the execution of a satisfactory
Purchase and Sale Agreement.


Except for the statements of historical fact contained herein, certain
information presented herein constitutes "forward-looking statements". More
particularly, this press release contains forward-looking statements concerning
the sale of assets and property of the Corporation. The forward-looking
statements contained in this press release are solely opinions and forecasts
which are uncertain and subject to risks. Forward-looking statements include but
are not limited to uncertainties and other factors which may cause the actual
results, performance or achievements of the Corporation to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to a number of known and
unknown risks and uncertainties, including, but not limited to: non-performance
of agreements in accordance with their terms and regulatory approval and certain
other risks detailed from time to time in the Corporation's public disclosure
documents which can be found at www.sedar.com. Although the Corporation has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers are cautioned that the assumption used in the preparation of the
forward-looking statements, although considered reasonable at the time of
preparation may prove to be imprecise and, as such undue reliance should not be
placed on forward-looking statements. 


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Corporation
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable securities law. 


Additionally, the Corporation undertakes no obligation to comment on the
expectations of, or statements made, by third parties in respect of the matters
discussed above.

Blackhawk Resource Corp. (TSXV:BLR)
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