Pitchblack Announces AGM and Proposed Consolidation

Pitchblack Resources Ltd. (TSX VENTURE:PIT) ("Pitchblack" or the "Company") has
called its annual and special meeting of shareholders (the "Meeting") for
Wednesday, May 14, 2014 at 10:00 am (Toronto time). The Meeting will be held at
the Company's head office at 65 Queen Street West, 7th floor boardroom, Toronto,
Ontario M5H 2M5. Among other matters which may duly come before shareholders,
the Company proposes that shareholders consider and approve a share
consolidation (the "Consolidation") on the basis of one new common share of the
Company (each,a "New Share") for up to every ten existing common shares of the
Company (each, an "Old Share"), or such lower number of Old Shares as may be
determined by the Board of Directors of Pitchblack and as may be required to
obtain approval of the consolidation from the TSX Venture Exchange.


The principal effects of the Consolidation will be that the number of common
shares of the Company issued and outstanding will be reduced from 33,124,150 Old
Shares as of April 10, 2014 to approximately 3,312,415 New Shares, assuming a
consolidation ratio of 10 to 1.


The expected benefits of the Consolidation include improved trading liquidity
from lower transaction costs and great investor interest as well as reduced
future dilution from the ability to raise additional capital at a higher price
per share. Additional benefits of the Consolidation, as well as the procedure
for implementing the Consolidation and the full text resolution approving the
Consolidation may be found in the Company's management information circular
dated April 10, 2014 (the "Circular") that is being mailed to shareholders and
may be found under the Company's profile on SEDAR. The Consolidation remains
subject to shareholder approval and acceptance by the TSX Venture Exchange.


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 the proposed Consolidation, the perceived
benefit of the Consolidation and receipt of shareholder and 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pitchblack Resources Ltd.
Josh Van Deurzen
President and Chief Executive Officer
416-309-2898
jvandeurzen@forbesmanhattan.com

(TSXV:PIT)
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