BWR BWR Exploration Inc

Black Widow Resources Inc. (TSX VENTURE:BWR) ("Black Widow" or the "Company")
announces that it intends to complete a non-brokered private placement offering
of units ("Units") at Cdn$0.10 per Unit and flow-through units ("FT Units") at
Cdn$0.12 per FT Unit for aggregate gross proceeds of up to Cdn$1,460,000 (the
"Offering"). 


Each Unit will consist of one common share and one common share purchase warrant
(a "Warrant"). Each FT Unit will consist of one common share to be issued on a
"flow-through" basis and one-half of one Warrant. Each whole Warrant will
entitle the holder to acquire a further common share of the Company at a price
of $0.15 per share for the first year from the closing of the Unit Offering,
$0.20 per share for the second year from the closing of the Unit Offering and
$0.25 per share for the third year from the closing of the Unit Offering. 


In connection with the Offering, the Company may pay finder's fees to
arm's-length third parties consisting of: (i) cash commission of up to 8% of the
gross proceeds of the Offering; and (ii) broker warrants ("Broker Warrants") in
an amount up to 8% of the total number of Units and FT Units issued under the
Offering. Each Broker Warrant will expire 24 months from the date of issue (the
"Broker Warrant Expiry Date") and will entitle the holder thereof to purchase
one Unit of the Company at a price of $0.10 per Unit at any time up until the
Broker Warrant Expiry Date. 


The proceeds from the FT Unit offering will be used to advance and execute a
drilling program on the Company's Shunsby property and to advance exploration on
the Company's other properties. The net proceeds from the Unit offering will be
used for general corporate purposes. 


All securities to be issued under the Offering will be subject to a four-month
statutory hold period in Canada. For more information on the Company and to see
a copy of the term sheet and the investors presentation in connection with this
Offering please go to the Company's web page at www.blackwidowresources.com. 


About Black Widow Resources 

Black Widow is a newly listed public company (TSX VENTURE:BWR) focused on
exploring for base and precious metals, with exploration projects in Northern
Ontario, Canada. Management of Black Widow includes an accomplished group of
exploration/mining, administrative and legal specialists with many decades of
operational experience in the junior resource sector. 


Neither the Toronto 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. 


For more information about Black Widow please visit our website:
www.blackwidowresources.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Black Widow Resources Inc.
Neil Novak, P.Geo.
President, CEO & Director
416-203-8636
info@blackwidowresources.com
www.blackwidowresources.com


CHF Investor Relations
Jeanny So
Director of Operations
416-868-1079 ext. 225
jeanny@chfir.com

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