BWR BWR Exploration Inc

Black Widow Resources Inc. ("Black Widow" or the "Company") (TSX VENTURE:BWR)
today announces that it has entered into a four year option earn-in agreement
(the "Agreement") whereby Black Widow can acquire 100% interest in the former
gold producer referred to as the Sakoose Mine (also known as the Golden Whale),
located approximately 46 kilometres southeast of Dryden Ontario in the Tabor
Lake area of Kenora Mining Division of the Province of Ontario, and immediately
east of and contiguous to Black Widow's Santa Maria gold project. 


The Sakoose Mine was in production near the turn of last century (1897 to 1902)
where it is reported that 3,413 ounces of gold were recovered by processing
8,028 tons of vein rock for an average recovered grade of 0.476 ounces per ton
(16.3 g/t Au). In 1944 to 1947 an additional 800 tons were mined and treated,
yielding 256 ounces of gold as well as 145 ounces of silver, suggesting an
average recovered grade during this three year period of 0.32 ounces gold per
ton (10.97 g/t Au) and 0.18 ounces of silver per ton (6.17 g/t Ag). Historical
production data has not been independently verified, however the production
information is available in reports on file with the Ontario Ministry of
Northern Development and Mines ("OMNDM") (reference: MDI File MDI52F09SW00003).
An exploration program to ascertain the economic potential of this new
acquisition is currently being planned, to be coordinated with exploration on
Black Widow's neighboring Santa Maria gold project.


The Sakoose Mine property that is subject of this Agreement, consists of 23
unpatented mining claims comprising 85 units totaling 1,360 hectares, acquired
from Rubicon Minerals Corporation ("Rubicon") whereby Black Widow has agreed to
make an initial non refundable payment of $25,000 consisting of $5,000 cash plus
$20,000 payable in shares within 10 days of receiving regulatory approval. Four
other payments totaling $550,000 are due on or before the annual anniversary
dates of signing the earn-in agreement consisting of an additional $10,000 in
cash plus $40,000 in shares on first anniversary date, followed by a further
payment of $50,000 in cash plus $50,000 in shares on the second anniversary,
followed by a further payment of $150,000 in cash or shares or combination of
both at the election of Black Widow on the third anniversary, followed by a
fourth and final payment of $250,000 to be paid in cash or shares or combination
of both at the election of Black Widow. After all payments have been paid and
other conditions of the option have been met, Rubicon retains a 2% net smelter
return production royalty of which 50% can be purchased by Black Widow for the
payment of $1 million. In the event Black Widow elects not to continue with the
option after the initial payment has been made and all conditions to the point
of the decision not to proceed have been met, Black Widow's interest is
converted to a 0.25% net smelter return production royalty. 


Mr. Neil Novak, President and CEO of Black Widow Resources, Inc. stated: "Black
Widow is intrigued about the arrangement with Rubicon and excited about the
exploration potential of the Sakoose Mine property, the project is in the
proximity of several advanced gold projects in the greater Dryden area. The
property has year round access, has documented historical production totaling in
excess of 3,600 ounces of gold recovered from 8,828 tons of vein material, the
host rock for the mined vein material appears to be fertile with gold as well."


Prior to entering into this Agreement the Sakoose Mine property was visited by
management of Black Widow as part of an initial due diligence, conducted in
August 2013. Neil Novak, P.Geo. and President of Black Widow collected
representative samples of various rock types found on the property, in an
attempt to confirm the presence of gold on the property and to confirm the
nature of mineralization based upon the aforementioned OMNDM file. Selected grab
samples by Mr. Novak were encouraging and more or less duplicated the results of
previous samplers. Highlights of this site visit included a sample of vein
material selected from a pile of mine spoils near an open cut on the main vein
system. The sample assayed 126 grams per tonne gold. Additional samples of vein
material selected along the length of the open cut (mine spoils) assayed 11.1
grams per tonne and 1.9 grams per tonne. A grab sample of wall rock assayed
0.641 grams per tonne. The open cut extends for approximately 300 metres in an
east west azimuth, at the easternmost end of the open cut, a blast area exists
where representative samples of heavily oxidized blast rock assayed 1.3 and 1.47
grams per tonne respectively. At the eastern extremity of the open cut the host
rock is mildly oxidized biotite chlorite schist assaying 0.708 grams per tonne.


These initial due diligence results were encouraging enough for a second site
visit by an Independent Qualified Person, one that was familiar with the geology
of the area, and had recently co-authored a NI 43-101 report on the neighboring
(to the west) Santa Maria property that is 70% owned by Black Widow. Mr. Brian
Newton (P.Geo.) completed a two day visit to the Sakoose Mine property in late
September, channel chip sampling exposed in situ vein material and host rock at
several locations. Assay results also confirmed significant gold values from
this property. Mr. Newton's sampling was highlighted by a sample from the
exposed in situ quartz vein at the easternmost end of the stope near the blast
pile that assayed 10.8 grams per tonne gold, and a sample from adjacent
silicified wallrock containing abundant fine pyrite at the same location that
returned 5.5 grams per tonne gold and a sample from the exposed quartz vein
within the stope approximately in the center of the length of the open stope
that returned an assay of 15.2 grams per tonne gold. 


The samples selected were obtained at exposed portions of the quartz vein and
adjacent wall rock at accessible points within and along strike of the open
stope. Each sample rock was chipped in situ, with the chips caught in a sample
bag. The samples were bagged, tagged and sealed at the site by Mr. Brian H.
Newton P.Geo. The sealed samples were personally transported to Activation
Laboratories in Thunder Bay, where the samples were tested with Fire Assay AA
and Total Digestion ICP(TOTAL).


Black Widow's land position in the Dryden project area is now quite significant;
includes a 70% Joint Venture interest (with New Klondike Exploration Ltd.) on
the 25 claim (160 unit) 2,560 hectare Santa Maria Property, as well as the
recently optioned 23 claim (85 unit) 1,360 hectare Sakoose Mine property, where
Black Widow can earn a 100% interest. The Dryden project area covers 3,920
hectares or 39.2 square kilometres of very favorable gold exploration terrain. 


Independent Qualified Person

Mr. Brian Newton, P.Geo., Chief Operating Officer of Billiken Management
Services Inc., being an Independent Qualified Person ("IQP") as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") and Form 43-101F1 Technical Report and Related Consequential
Amendments, has reviewed and approved the technical content of this press
release and was responsible for the collection of the follow-up samples referred
to in this press release.


About Black Widow Resources

Black Widow is a newly listed public company (TSX VENTURE:BWR) focused on
exploring for base and precious metals, with exploration projects in Northern
Ontario, Canada. 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. There are 22,428,000
shares issued in Black Widow prior to the issuance called for as related to the
Agreement referred to herein.


Neither the Toronto 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.


For more information about Black Widow please visit our 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

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