Completion of Shares FOR Debt Settlement

BLACKROCK GOLD CORP.

Suite 1500 – 409 Granville Street

Surrey, BC V6C 1T2

COMPLETION OF SHARES FOR DEBT SETTLEMENT

FOR IMMEDIATE RELEASE TSX-V symbol: BRC

March 23, 2017 - Vancouver, British Columbia . Blackrock Gold Corp. (the “Company”)

announces that further to the news release of February 24, 2017, it has issued 522,444 shares at a

deemed price of $0.09 per share to settle debt of $47,020. The shares are subject to a hold period

expiring on July 21, 2017.

For further information, please contact:

Michael E. O’Connor, CEO

Blackrock Gold Corp.

Telephone 604-317-6197

Email [email protected]

Website: www.blackrockgoldcorp.com

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

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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.