Blackhawk Files First Quarter Financial Reports

CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Blackhawk Resource Corp. ("Blackhawk" or the "Corporation") (TSX VENTURE:BLR) is pleased to announce that the unaudited interim condensed financial statements and MD&A for the three month period ended September 30, 2015 have been filed on Sedar.

Highlights for the three month period ended September 30, 2015 include:

• Realized losses, gross investment revenue and revenue from oil and gas assets for the three month period was $68,304, this does not include the unrealized losses of $86,503.
• Interest income of $125,005 on its debt portfolio for the three month period.
• As at September 30, 2015, Blackhawk had $4,231,718 in working capital.
• As at September 30, 2015, Blackhawk held $4,188,698 in current investments or 99% of its working capital.
• As at September 30, 2015, NAV per share was $0.11.

During the three month period ended September 30, 2015 the Corporation continued to focus on its debt portfolio, and as such increased it short term loan portfolio from $2,240,000 to over $2,800,000. These debt instruments have an average interest rate of 23%. This increase in debt instruments has allowed the Corporation to earn over $125,000 in interest income during this 3 month period. Blackhawk continues to hold numerous equity investments, and continues to review both equity and debt investment opportunities, but has chosen to weight its portfolio to debt items at this time due to the conditions in the junior equity market.

As at September 30, 2015, the Corporation held total investments of $4,664,861 comprised of equity type investments of $1,658,509, debt type investments of $2,820,557 and oil and gas assets of $185,795. In addition the Corporation held a cash balance of $141,314.

PORTFOLIO INVESTMENTS

As at September 30, 2015, NAV per share was $0.11.

Investments at fair value by sector consist of the following as at September 30, 2015:

Sector	Cost		Total fair value		% of total fair value
Construction and real estate	$	50,000	$	102,325	6	%
Oil and gas producers		297,817		91,800	5	%
Mining		603,415		923,135	56	%
Technology and media		708,400		541,249	33	%
Total	$	1,659,632	$	1,658,509	100	%

Current debt instrument investments consist of the following as at September 30, 2015: