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2017-06-01

UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR BLACKPEARL

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UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR BLACKPEARL

CALGARY, ALBERTA - BlackPearl Resources Inc. ("BlackPearl" or the "Company")
(TSX: PXX) (NASDAQ Stockholm: PXXS) reports the following, in accordance with
the Swedish Financial Instruments Trading Act:

As a result of the exercise of stock options, as at May 31, 2017, the number of
issued and outstanding shares of the Company is 336,250,902 common shares with
voting rights.

For further information, please contact:

John Festival - President and Chief Executive Don Cook – Chief Financial
Officer Officer
Tel.: (403) 215-8313 Tel: (403) 215-8313
Robert Eriksson – Investor Relations Sweden
Tel.: +46 701-112615

The information in this release is subject to the disclosure requirements of
BlackPearl Resources Inc. under the Swedish Financial Instruments Trading Act.
The information was submitted for publication at 3:00 p.m. Mountain Time on May
31, 2017.

Författare Nasdaq Stockholm

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