Updated Share Capital and Voting Rights for BlackPearl

FOR: BLACKPEARL RESOURCES INC.
TSX SYMBOL: PXX
OMX SYMBOL: PXXS

Date issue: May 31, 2017
Time in: 5:00 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - May 31, 2017) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX: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.

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.

- END RELEASE - 31/05/2017

For further information:
John Festival
President and Chief Executive Officer
(403) 215-8313
OR
Don Cook
Chief Financial Officer
(403) 215-8313
OR
Robert Eriksson
Investor Relations Sweden
+46 701-112615

COMPANY:
FOR: BLACKPEARL RESOURCES INC.
TSX SYMBOL: PXX
OMX SYMBOL: PXXS

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170531CC0091

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