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Blackrock Gold Cancels Its Private Placement Offering and Announces Resignation of a Director

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 13, 2019) -  Blackrock Gold Corporation (TSXV: BRC) ("Blackrock" or the "Company") wishes to inform that the Company has canceled it's proposed financing. The Company previously announced a non-brokered private placement on February 4, 2019 and March 28,2019. The Board has decided not to proceed at this time with the proposed financing while they seek to explore an alternative plan of action surrounding Silver Cloud.

The Company also wishes to announce that Mr. Deepak Malhotra has resigned as a Director of the company due to other commitments. Mr. Deepak Malhotra has also voluntarily surrendered 150,000 stock options granted to him on May 4, 2018 at $0.12. Stock options granted to him are now cancelled effective immediately. The Company thanks him for his services and wish him the best in his future endeavors.

About Blackrock Gold

Blackrock Gold Corp is a discovery driven junior exploration company focused on uncovering the next big economic gold deposit. Anchored by a seasoned Board, the Company is focused on blue-sky opportunities, with an aim to acquire large-scale land packages that are in prolific gold belts within stable jurisdictions.

For further information, please contact:
Gregory L. Schifrin, Chief Executive Officer Blackrock Gold Corp.
Email: gschifrin@blackrockgoldcorp.com
Phone: 1 - 208-290-1180;
Website: www.blackrockgold.ca

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. 

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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