Blackrock Gold Provides Update on Silver Cloud Project

Vancouver, British Columbia--(Newsfile Corp. - August 14, 2018) - Blackrock Gold Corporation (TSXV: BRC) (the "Company") is pleased to provide the following update to its shareholders in advance of the upcoming Special and Annual General Meeting, to be held on Friday, August 17^th at the company headquarters in Vancouver.

The company continues to review data and work with management and consultants to build a highly qualified technical team to further advance the Silver Cloud Project. In recent weeks the company has spotted drill holes, collected surface geochemical data and reviewed historical geophysical data. However, to increase the odds of success, the company has decided to delay drilling until a completed detailed assessment is finalized.

Recently conducted soil geochemical results, along with historical geochemical and geophysical data, are encouraging. However, more research is warranted prior to a drill program. After careful consideration and review, the company has amended the initial plan to drill Silver Cloud in late summer, in order to perform additional surface and technical work.

"We are diligently and methodically laying the groundwork to identify the highest-potential drill targets at Silver Cloud in order to increase our odds of success," said CEO Greg Schifrin.

More information will be released in the coming weeks.

About Blackrock Gold

Blackrock Gold Corp is a discovery driven junior exploration company focused on uncovering the next big economic gold deposit. Anchored by a seasoned Board, the Company is focused on blue-sky opportunities, with an aim to acquire large-scale land packages that are in prolific gold belts within stable jurisdictions.

For further information, please contact:
Gregory L. Schifrin, Chief Executive Officer
Blackrock Gold Corp.
Email: [email protected]
Phone: 1 - 208-290-1180; Website: www.blackrockgold.ca

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward‑looking statements. All statements, other than statements of historical fact, constitute "forward‑looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

Forward‑looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward‑looking information or statements. Important factors that could cause actual results to differ from these forward‑looking statements include but are not limited to the ability of the Company to attract financing and the general market conditions of the industry in which the Company operates and the other factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR.

There can be no assurance that any forward‑looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward‑looking information or statements. Except as required by law, the Company does not intend to revise or update these forward‑looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

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