Blackhawk Makes Management Changes

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2019) - Blackhawk Resource Corp. (CSE: BLR) (the "Corporation" or "Blackhawk"), is pleased to announce that Frederick Pels has joined the board of directors. Fred is currently CEO of the Corporation. Fred's vast experience in the retail cannabis industry includes the establishment and expansion of the Green Room, and the founding of Gaia Grow Corp.

The Corporation also wishes to announce that Zula Kropivnitski will be appointed as Chief Financial Officer and succeeds Charidy Lazorko. Zula is Chartered Professional Accountant and been involved as both an officer and director for numerous private and public companies. The Corporation wishes to thank Ms. Lazorko for her contributions to the Corporation. As well, Scott Seguin has resigned from the Board of Directors of the Corporation.

"I am thrilled to be coming onto the Board of Blackhawk," says Frederick Pels. "Our team is working hard to build true value for our shareholders through our investments and I look forward to updating the market with our progress over the coming quarters."

Here is some more background information on both Frederick Pels and Zula Kropivnitski:

Frederick Pels

Frederick has honed his keen entrepreneurial skills, vast background in finance, contacts throughout the business community and experience within the industry since 2013. Prior to stake-horsing the seed investment in GAIA, Frederick oversaw the establishment and expansion of the Green Room as a leader in medical cannabis supply, industry best practices and education about the cannabis industry itself. Leading by example, he plans to continue to prioritize public safety and work with all levels of government as they navigate how to regulate the growing and sale of cannabis both domestically and internationally.

Zula Kropivnitski

Zula Kropivnitski is a certified general accountant with over 10 years of practice experience, mainly with public companies listed on Canadian stock exchanges. Ms. Kropivnitski is the CFO of Gaia Grow Corp as well as Planet Mining Exploration., and former CFO of Electric Metals Inc., and Iron Tank Resources Corp., companies with a combined market capitalization approaching $80 million. She is also a former controller of African Queen Mines and Sacre-Coeur Minerals with mining interests in Africa and South America.

For further information please contact:

Fred Pels
403-991-7737
fred@greenroommed.ca

Reader Advisory

Neither the Canadian Securities Exchange nor its Regulatory Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information set forth in this news release contains forward-looking statements or information ‎‎("forward-looking statements"), including details about the appointment of Freds Pels and resignation of Dave Antony. By their nature, forward-looking statements are subject to numerous risks and ‎uncertainties, some of which are beyond the Corporation's control, including the impact of general ‎economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, ‎environmental risks, operational risks, competition from other industry participants, stock market ‎volatility, the risks that the individuals will not proceed with the appointment and resignation. Although the Corporation believes ‎that the expectations in its forward-looking statements are reasonable, its forward-looking statements ‎have been based on factors and assumptions concerning future events which may prove to be ‎inaccurate. Those factors and assumptions are based upon currently available information. Such ‎statements are subject to known and unknown risks, uncertainties and other factors that could ‎influence actual results or events and cause actual results or events to differ materially from those ‎stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned ‎not to place undue reliance on the forward-looking statements, as no assurance can be provided as ‎to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and ‎other factors that could affect actual results are discussed in our public disclosure documents ‎available at www.sedar.com. Furthermore, the forward-looking statements contained in this ‎document are made as of the date of this document and, except as required by applicable law, the ‎Corporation does not undertake any obligation to publicly update or to revise any of the included ‎forward-looking statements, whether as a result of new information, future events or otherwise. The ‎forward-looking statements contained in this document are expressly qualified by this cautionary ‎statement.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48482