Black Widow Resources Inc. Announces Cdn$240,000 Private Placement Financing

Black Widow Resources Inc. (TSX VENTURE:BWR) ("Black Widow" or the "Company")
announces that it intends to complete a non-brokered private placement offering
of 100 Units ("Units") at Cdn$2,400.00 per Unit for aggregate gross proceeds of
up to Cdn$240,000 (the "Offering"). 


Each Unit consists of ten thousand (10,000) common shares (a "Common Share") of
the Company plus twenty-two thousand five hundred (22,500) Flow Through Common
Shares, plus one purchase warrant (a "Warrant") of the Company for each share
purchased, or thirty-two thousand five hundred (32,500) warrants. Each Warrant
will expire twenty four (24) months from the date of issue (the "Warrant Expiry
Date") and will entitle the holder thereof to purchase one Common Share (a
"Warrant Share") at a price of $0.10 per Warrant Share. 


While the Offering is being effected by the Company on a non-brokered basis, the
Company may pay finder's fees to arm's-length third parties consisting of: (i)
cash commission of up to 8% of the gross proceeds of the Offering; and (ii)
broker warrants ("Broker Warrants") in an amount up to 8% of the total number of
Units issued under the Offering. Each Broker Warrant will expire 24 months from
the date of issue (the "Broker Warrant Expiry Date") and will entitle the holder
thereof to purchase one common share of the Company at a price of $0.10 per
common share at any time up until the Broker Warrant Expiry Date. 


The flow through proceeds from the Offering will be used to continue exploring
the Company's Shunsby property (follow-up on recent diamond drilling) and to
advance exploration on the Company's other properties. The non-flow through
proceeds from the Offering will be used for general corporate purposes. All
securities to be issued under the Offering will be subject to a four-month
statutory hold period in Canada. 


Black Widow is a public company (TSX VENTURE:BWR) focused on exploring for base
and precious metals, with exploration projects in Northern Ontario, Canada.
Management of Black Widow includes an accomplished group of exploration/mining
specialists with many decades of operational experience in the junior resource
sector. There are currently 24,272,769 shares issued in Black Widow.


Neither the Toronto Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


For more information about Black Widow please visit our website:
www.blackwidowresources.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Black Widow Resources Inc.
Neil Novak, P.Geo.
President, CEO & Director
416-203-8636
info@blackwidowresources.com
www.blackwidowresources.com

BWR Exploration (TSXV:BWR)
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