CALGARY, ALBERTA--(Marketwired - June 16, 2016) - Blackhawk Resource Corp. ("Blackhawk" or
the "Corporation") (TSX VENTURE:BLR) is pleased to announce that a dividend of $0.00105 per common share will be
paid on July 15, 2016 to shareholders of record on June 30, 2016.
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.
Forward-Looking Information: This news release may contain certain forward-looking
information. All statements included herein, other than statements of historical fact, are forward-looking information and
such information involves various risks and uncertainties. In particular, this news release contains forward-looking
information regarding the dividend payment and date. There can be no assurance that such forward-looking information will
prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking
information. This forward-looking information reflects Blackhawk's current beliefs and is based on information currently
available to Blackhawk and on assumptions Blackhawk believes are reasonable. These assumptions include, but are not limited
to, TSX Venture Exchange acceptance of the Offering. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of Blackhawk
to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors
may include, but are not limited to: general business, economic, competitive, political and social uncertainties; capital market
conditions and market prices for securities and junior market securities; the actual results of Blackhawk's investment strategy;
potential conflicts of interest; potential transaction and legal risks; timing and availability of external financing on
acceptable terms; and loss of key individuals. A description of additional assumptions used to develop such forward-looking
information and a description of additional risk factors that may cause actual results to differ materially from forward-looking
information can be found in Blackhawk's disclosure documents on the SEDAR website at www.sedar.com. Although Blackhawk has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking information. Blackhawk does not undertake to update any forward-looking information except in accordance
with applicable securities laws.