Black Hawk Exploration CEO Purchases 12 Million Shares from Institutional Investor

FOX ISLAND, Wash., March 1 /PRNewswire-FirstCall/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX) Announced today that it has filed a Super 8K with the Security and Exchange Commission (SEC) disclosing the single block purchase of 12 million common shares of Black Hawk Exploration. The common stock was purchased at a 40% premium to current market value from a private institutional investor, by CEO / Director Kevin M. Murphy for his personal account. This transaction will not result in any dilution to any current common stock held by investors.

Black Hawk Exploration Reports Change in Shell Status

Management has determined that, as of the date hereof given and the current level of our operations, Black Hawk Exploration is no longer a shell company as defined in Rule 12b-2 of the United States Securities Exchange Act of 1934, as amended. Interested parties may refer to Item 5.01 of the current Super 8K report filed with the SEC for a detailed description of the business of our company.

About Black Hawk Exploration, Inc.:

Black Hawk is a diversified metals and energy exploration company with its current focus on lithium exploration through its wholly owned subsidiary Blue Lithium and Gold discovery through its wholly owned Golden Black Hawk, Dun Glen holdings. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value.

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

SOURCE Black Hawk Exploration, Inc.

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