September 9, 2016 – Vancouver, British Columbia. In connection with the non-brokered private placement of up to 4,000,000 units announced on August 22, 2016, Blackrock Gold Corp. (the “Company”) is pleased to announce that because of strong demand, it is increasing the offering of the non-brokered private placement (the “Private Placement”) to up to 6,000,000 units (the “Units”) at a price of $0.075 per Unit, for gross proceeds of up to $450,000. Each Unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.15 per share, for a period of two years from the date the Units are issued.  If during the exercise period of the warrants, but after the resale restrictions on the shares have expired, the Company’s shares trade at or above a weighted average trading price of $0.30 per share for 15 consecutive trading days, the Company may accelerate the expiry time of the warrants by giving written notice to warrant holders that the warrants will expire 30 days from the date of providing such notice.

Assuming the Private Placement is fully subscribed, the Company plans to allocate the gross proceeds of the Private Placement as to: (i) mineral exploration work ($250,000) and (ii) general working capital ($200,000).

A portion of the Private Placement may be completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the “Investment Dealer Exemption”).  The Company may pay finder’s fees on a portion of the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the “Exchange”). If the Private Placement is not fully subscribed, the Company will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Company determine is in the best interests of the Company. Although the Company intends to use the proceeds of the Private Placement as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.

In accordance with the requirements of the Investment Dealer Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed.

The Private Placement is subject to approval of the Exchange.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.  This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

Furthermore, the Company reports the launch of the corporate website, at www.blackrockgoldcorp.com.

For further information, please contact:

David R. Robinson, President& CEO

Blackrock Gold Corp.

Phone: 1.403.399.9047

Email: drobinson@blackrockgoldcorp.com