Blackrock GOLD Announces Increase to Private Placement Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

8 2017 - revised 00022710xDD19B.docx

1500 – 409 Granville Street

Vancouver, BC, V6C 1T2

BLACKROCK GOLD ANNOUNCES INCREASE TO PRIVATE PLACEMENT

OFFERING

FOR IMMEDIATE RELEASE TSX-V symbol: BRC

Vancouver, Canada – February 8, 2017 – Blackrock Gold Corp. (the “Company”) (TSXV:

BRC) is pleased to announce that it has increased it s non-brokered private placement offering of

units (previously announced on November 21, 2016, and January 12, 2017) from up to 4,000,000

units to 5,666,667 units for gross proceeds of up to $425,000. Other than the increase in the

offering amount, the terms of the offering remain the same as those set out in the January 12,

2017 news release.

The Private Placement securities have not been and will not be registered under the U.S.

Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may

not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the

account or benefit of, U.S. pe rsons (as defined in Regulati on S under the 1933 Act) absent

registration or an applicable exemption from the registration requirements. This news release

does not constitute an offer to sell or a solicitation to buy such securities in the United States.

For further information, please contact:

Michael E. O’Connor

Chief Executive Officer

Blackrock Gold Corporation

Telephone 604-317-6197

Email [email protected]

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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 bu t are not limited to the ability of the Company to attract

financing and the general market conditions of the industry in which the Company operates 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.