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Blackrock Gold Finds New East-West Vein System at Its Silver Cloud Property in Nevada

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - Blackrock Gold Corp (TSXV: BRC) ("Blackrock" or the "Company") has identified a new vein system in the northeastern portion of the Silver Cloud property. The east-west banded vein was found by mapping an area with highly elevated silver (up to 7.4 g/t Ag), arsenic (up to 94.5 ppm As), lead (up to 39.8 ppm Pb) and zinc (133 ppm Zn). These values were returned from the Company's recently collected soil samples.

Assays are pending from rock chip samples collected on the outcropping vein. Also, of particular interest in the area is a gravity anomaly similar in scope and dimension to the one occurring over the Silver Cloud mine.

At the Silver Cloud mine, located approximately 5km to the south of the newly discovered vein, the high-grade gold drill intercepts (1.5m grading 157.7 g/t gold and 12.2m grading 5.53 g/t gold including 1.5m grading 12.5 g/t gold and 1.5m grading 12.5 g/t gold) were encountered at elevations similar to the Midas and Hollister mines.

William Howald, Executive Chairman, commented: "The newly identified vein gives the Company a third meaningful target to explore. The three targets include the Silver Cloud mercury mine, the Jackson and Surprise mercury occurrence, and the newly discovered banded vein. In all these areas, the target is a high-grade gold and silver vein system with widths similar to the Midas mine (1m to 2.7m width), and gold grades comparable to the nearby Hollister mine (+15 g/t Au and +80 g/t Ag). The Company is preparing the east-west trending Silver Cloud mine-Northwest Canyon vein system for a drill campaign and has started the permitting process. The addition of the West Silver Cloud property provides additional strike potential to the west of Northwest Canyon. As I have stated before, the Silver Cloud project is an excellent under-explored asset located in an extraordinarily productive part of north-central Nevada along the Northern Nevada Rift."

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Figure 1: Newly identified East-West trending vein structure

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/676/45931_3d446e2564487ab8_002full.jpg

The Company would also like to invite all investors to draw their attention towards the company's newly-created investor presentation that can be viewed here: https://blackrockgold.ca/investors/

Mr. William Howald, AIPG Certified Professional Geologist #11041, Blackrock Gold Corp's Executive Chairman, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

About Blackrock

Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on their Silver Cloud property, a low-sulphidation epithermal gold & silver project, located along on the established Northern Nevada Rift gold trend in north-central Nevada.

www.blackrockgoldcorp.com

For further information, please contact:

Andrew Pollard, Chief Executive Officer
Blackrock Gold Corp.
Phone: 604 817-6044
Email: andrew@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 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.

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