Black Widow Resources Inc. Engages CHF Investor Relations; Grant Stock Options

Black Widow Resources Inc. (TSX VENTURE:BWR) ("Black Widow" or the "Company")
today announced that it has engaged CHF Investor Relations, a highly regarded
Canadian investor relations firm headquartered in Toronto, as its IR partner. 


Mr. Neil Novak, the President and CEO of Black Widow said, "Our Board of
Directors and Management team at Black Widow is pleased to have entered into
this arrangement and is looking forward to the benefits of CHF's tailored
approach and unique Market Liquidity Program to best serve Black Widow and our
shareholders." 


Effective immediately, the services agreement for investor relations and
market-making is for a term ending on December 31st 2014 but subject to a review
after seven months (December 31st 2013) to determine if the Company has
sufficient finances to proceed with CHF's services thereafter during which time
termination notice of 60 days will apply. Under the terms of the services
agreement, which is subject to TSX Venture Exchange approval, CHF will receive
up to $6,000 per month until December 31st 2013 and potentially up to $7,500 per
month thereafter. CHF has been granted 50,000 BWR stock options at an exercise
price of $0.20 per share and will vest as to 25% at the end of three, six, nine
and twelve months, with a five-year maximum term. As is required for TSX
Venture's Tier 2 Issuers, upon termination of the services agreement, any vested
options will be cancelled after 30 days.


The market-making activity will be conducted using a registered broker in
compliance with Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual
(the "Manual"), IIROC's Universal Market Integrity Rules & Policies (2010) and
other relevant policies, so that trading orders in Black Widow's shares are made
to manage share price volatility and imbalances of orders in order to improve
trading liquidity on the exchange. In accordance with Policy 3.4, section 2.8 of
the Manual that states in part "an Issuer may not use its own funds, or provide
direct or indirect compensation to other parties to undertake a market-making
function in its securities," the Company and CHF confirm that capital for the
purposes of market-making has not and will not be provided from the Company's
treasury.


Prior to the grant of options outlined above, CHF had no direct or indirect
interest in the Company or its securities.


The Board of Directors also reported today that it has granted stock options to
certain officers, consultants and directors numbering 1,300,000 at an exercise
price of $0.20, fully vested, with an expiry of June 6th 2018. 


About Black Widow Resources

Black Widow is a newly listed public company, quoted for trading on the TSX.V
under the symbol "BWR", with exploration projects in Northern Ontario, Canada,
focussed on exploring for base and precious metals. Management of Black Widow
includes an accomplished group of exploration/mining, administrative and legal
specialists with many decades of operational experience in the junior resource
sector.


About CHF Investor Relations

CHF's effective role is acting as the public company's outsourced, low-cost
equivalent to an internal investor relations department. CHF serves an
international portfolio of TSX/TSX Venture and CNSX listed companies operating
in a broad range of industries including mining exploration and producers, oil &
gas, industrial products and services, biotech, high-tech, business solutions
and products. The depth of capital market experience at CHF is formidable dating
back to the late 1970's.


Visit Black Widow's website: www.blackwidowresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Black Widow Resources Inc.
Neil Novak, P.Geo.
President, CEO & Director
416 203 8636
info@blackwidowresources.com
www.blackwidowresources.com


CHF Investor Relations Contact:
Jeanny So
Director of Operations
416 868 1079 ext. 225
jeanny@chfir.com

BWR Exploration (TSXV:BWR)
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