Filing of Audit Financial Statements

V:\AlmoCapital\SEDAR\0070124_nr_Feb28_2017\BRC News Release - February 28.docx

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 b ecame aware that subsequent to the Company’s

financial year end, the owners of the Medicine Springs prope rty had terminated their lease

agreement with Golden Tiger Minerals Inc. (“Go lden Tiger”). As a result, the Company has

written off all costs ($179,001) related to this pr oject, 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 th e 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 co st, 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.