BLR Blackhawk Resource Corp

TORONTO, ONTARIO (collectively the "Companies") jointly announce results from the first phase of the revised sampling program on the Coral Rapids Project (the "Project") in north-eastern Ontario.

Two drilling campaigns of 23 holes in total were completed by Baltic Resources prior to the creation of the Coral Rapids Joint Venture. The Coral Rapids Joint Venture's first phase of work was a revised sampling program to further test the kimberlite like intersections generated by drilling geophysical targets identified in the airborne survey completed by Baltic. Eight select drill core intervals from these drill campaigns that were sent to Vancouver Petrographics and Mineral Services have all been classified as very fine to fine-grained fragmental olivine melilitites or olivine alnoites, which are not true kimberlites, but are closely-related alkaline intrusive rocks. Results also received from SRC Geoanalytical Laboratories Diamond Services in Saskatoon, Saskatchewan, reported that the micro-diamond results for the intrusions submitted for caustic fusion came back with no diamonds, which is consistent with the rock-type classification. The mineral chemistry of the intersections outlined by Minerals Services indicates that these diatremes are not the source of the favourable diamond indicator minerals (true mantle derived pyrope garnets and high Ti megacrystic pyrope garnets) discovered by the Ontario Geological Survey on and in close proximity to the property. Thus, the source of these indicators remains high priority and the Joint Venture has already approved a revised exploration program to continue the search for diamond-bearing kimberlite sources on the Project.

The discovery of the correct classification of these bodies as closely-related kimberlite clan rock has assisted the technical team to refine the exploration techniques used to target drill sites. An analogy with Shear Minerals' Churchill Project has been suggested to explain the existence of the true mantle derived pyrope garnets and the high Ti megacrystic pyrope garnets discovered in the Ontario Geological Survey. These garnets remain as very positive indicators that some intrusions have brought to surface deeper-sourced mantle material, suggesting the possibility of local kimberlite sources.

Mr. Michael Dufresne of APEX Geoscience Ltd., a consultant to the Project and a member of the Longview Capital Partners Technical group, recommends several work programs to be undertaken to better define the source of these high priority pyrope garnets. Of these programs, the Coral Rapids Joint Venture will begin till sampling the eastern third of the property as well as stream heavy mineral concentrate sampling across the property and regionally in areas of the high priority pyrope garnet anomalies. It has also been recommended to complete detailed ground magnetic grids over key areas of the Project, to better pinpoint future drill collar locations. The partners in the Coral Rapids Joint Venture firmly agree that the revised program has greater potential to successfully identify diamondiferous kimberlite sources on the Coral Rapids property.

Additional information with respect to the Coral Rapids Project is contained in the technical report dated October 6, 2004, relating to the Coral Rapids Project entitled "Technical Report on the Coral Rapids Don McKinnon Property for Baltic Resources Inc." (the "Coral Rapids Technical Report"). A copy of the Coral Rapids Technical Report may be obtained from SEDAR at www.sedar.com.

This press release has been prepared under the supervision of Mr. John Boissoneault (P. Eng.) and Mr. Michael Dufresne (M.Sc., P.Geol.), who are both independent consultants to the Coral Rapids Project and "qualified persons" as such term is defined in National Instrument 43-101. Mr. Boissoneault and Mr. Dufresne have reviewed and verified the technical information disclosed in this press release.

Forward-Looking Statements

This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to mineral resources, potential mineralization, design of the Company's work programs, the expected results of the Company's work programs, exploration results and the Company's plans with respect to the exploration and development of the Coral Rapids Project) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in commodity prices, changes in equity markets, failure to establish mineral resources, changes to regulations affecting the Company's activities, delays in obtaining or failures to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other ecological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: Coral Rapids Minerals Inc. Roberto Ebrahimi President (604) 681-5755 (604) 684-2990 (FAX) Baltic Resources Inc. Don McKinnon President, CEO (705) 268-9000 Baltic Resources Inc. Gordon McKinnon Manager Corp. Development (705) 268-9000 (705) 268-5532 (FAX) Email: info@balticresources.ca

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