Filing of Audit Financial Statements

BLACKROCK GOLD CORP.

Suite 1500 – 409 Granville Street Surrey, BC V6C 1T2

FILING OF AUDIT FINANCIAL STATEMENTS

FOR IMMEDIATE RELEASE TSX-V symbol: BRC

February 28, 2017 - Vancouver, British Columbia. Blackrock Gold Corp. (the “Company”) announces that it has filed its audited financial statements for the year ended October 31, 2016. In connection with its audit, the Company became aware that subsequent to the Company’s financial year end, the owners of the Medicine Springs property had terminated their lease agreement with Golden Tiger Minerals Inc. (“Golden Tiger”). As a result, the Company has written off all costs ($179,001) related to this project, which costs were incurred pursuant to the terms of an option and joint venture agreement dated as of June 1, 2016 between Golden Tiger and the Company. For further details, see the Company’s audited financial statements and Management Discussion and Analysis for the year ended October 31, 2016.

The Company continues to identify and evaluate projects which may be meet the Company’s objectives of acquiring low cost, high value near term to production gold and gold/silver projects.

For further information, please contact:

Michael E. O’Connor, CEO Blackrock Gold Corp.

Telephone 604-317-6197 Email [email protected] Website: www.blackrockgoldcorp.com

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The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to the ability of the Company to attract financing and the general market conditions of the industry in which the Company operate and the other factors discussed in the sections relating to risk factors discussed in the Company’s continuous disclosure filings on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.