Vancouver, Canada – February 8, 2017 – Blackrock Gold Corp. (the “Company”) (TSXV: BRC) is pleased to announce that it has increased its non-brokered private placement offering of units (previously announced on November 21, 2016, and January 12, 2017) from up to 4,000,000 units to 5,666,667 units for gross proceeds of up to $425,000.  Other than the increase in the offering amount, the terms of the offering remain the same as those set out in the January 12, 2017 news release.

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.

For further information, please contact:

Michael E. O’Connor

Chief Executive Officer

Blackrock Gold Corporation

Telephone 604-317-6197

Email m_oconnor@shaw.ca