Black Hawk Accepts Offer To Purchase Certain Oil Interests

FOX ISLAND, Wash., Oct. 31, 2012 /PRNewswire/ -- Black Hawk Exploration (BHWX/OTC MARKETS), is pleased to announce it has received and accepted an offer to purchase 100% of the Company's 30% interest in its Sellers "B" Lease and 10% interest in the Moon lease for $345,864.00 as part of the Company's 2013 expansion plans. The funds will be used to expand oil production, develop current leases and acquire additional proven producing properties. The Company will also be participating in new production drilling.

About Black Hawk Exploration

Black Hawk is a diversified metals and energy exploration company with its current focus on its oil and gas holdings in Kansas, lithium in Clayton Valley-Nevada, gold and silver discovery through its Nevada Dun Glen holdings and Potash in Utah. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building shareholder value.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE Black Hawk Exploration