Updated & Current Investor Relations corporate presentation - December 12, 2013. Black Widow Resources is a new Mining Exploration/Development Company, acquiring, exploring and grooming projects for development or takeover to increase shareholder value.

1. A"“New”"Mining"Exploration/Development"Company"
Acquiring"and"Evaluating"projects""
as"Exploration/Development"Assets"
"
(December,""2013)"
TSX"Venture:"BWR"
1"

2. This"document"contains"certain"forward;looking"statements"about"Black"Widow"Resources"(“Black"Widow”)."When"used"in"this"document,"the"words"“anticipates”,"“may”,
"
“can",""believes”,"“expects”,"“projects”,"“intends”,"“likely”,"“will”,"“to"be”"and"any"similar"expressions"and"any"other"statements"that"are"not"historical"facts,"in"each"case"as"
they"relate"to"Black"Widow"are"intended"to"identify"those"assertions"as"forward;looking"statements."In"making"any"of"those"statements,"the"person"making"them"believes"
that"its"expectations"are"based"on"reasonable"assumptions."However,"any"such"statement"may"be"influenced"by"factors"that"could"cause"actual"outcomes"and"results"to"be
"
materially" different" from" those" projected" or" anticipated."These" forward;looking" statements" are" subject" to" numerous" risks" and" uncertainties."There" are" various" important"
factors" that" could" cause" actual" results" to" differ" materially" from" those" in" any" such" forward;looking" statements," many" of" which" are" beyond" the" control" of" Black"Widow,
"
including"macroeconomic"conditions"and"general"industry"conditions"such"as"the"competitive"environment"of"the"mining"industry,"unanticipated"mining,"milling"and"other
"
processing" problems," accidents" that" lead" to" personal" injury" or" property" damage," persistent" commodity" price" reductions," changes" in" political," social" or" economic"
circumstances" in" areas" where" Black"Widow" operates," variances" in" ore" grades," labor" relations," adverse" weather" conditions," the" speculative" nature" of" mineral" exploration,
"
fluctuations"in"interest"rates,"commodity"prices"and"other"adverse"financial"market"conditions,"regulatory"and"litigation"matters"and"risks"or"changes"in"tax"and"other"laws."
The"actual"results"or"performance"by"Black"Widow"could"differ"materially"from"those"expressed"in,"or"implied"by,"any"forward;looking"statements"relating"to"those"matters."
Accordingly,"no"assurances"can"be"given"that"any"of"the"events"anticipated"by"the"forward;looking"statements"will"transpire"or"occur,"or"if"any"of"them"do"so,"what"impact"
they"will"have"on"the"results"of"operations"or"financial"condition"of"Black"Widow."Except"as"required"by"law,"we"are"under"no"obligation,"and"expressly"disclaim"any"obligation,
"
to"update,"alter"or"otherwise"revise"any"forward;looking"statement,"whether"written"or"oral,"that"may"be"made"from"time"to"time,"whether"as"a"result"of"new"information,
"
future"events"or"otherwise."
Information"Concerning"Mineralization"and"Resources"
Unless"otherwise"indicated,"all"resource"estimates"contained"in"this"presentation"have"been"prepared"in"accordance"with"National"Instrument"43;101"Standards"of"Disclosure
"
for"Mineral"Projects"and"the"Canadian"Institute"of"Mining,"Metallurgy"and"Petroleum"Classification"System"in"compliance"with"Canadian"securities"laws,"which"differ"from"the
"
requirements"of"United"States"securities"laws."Without"limiting"the"foregoing,"this"presentation"uses"the"terms""measured"resources",""indicated"resources""and""inferred
"
resources"."United"States"investors"are"advised"that,"while"such"terms"are"recognized"and"required"by"Canadian"securities"laws,"the"United"States"Securities"and"Exchange
"
Commission"("SEC")"does"not"recognize"them."Under"United"States"standards,"mineralization"may"not"be"classified"as"a""reserve""unless"the"determination"has"been"made
"
that"the"mineralization"could"be"economically"and"legally"produced"or"extracted"at"the"time"the"reserve"determination"is"made."United"States"investors"are"cautioned"not"to"
assume"that"all"or"any"part"of"measured"or"indicated"resources"will"ever"be"converted"into"reserves."Further,"inferred"resources"have"a"great"amount"of"uncertainty"as"to"their
"
existence"and"as"to"whether"they"can"be"mined"legally"or"economically."It"cannot"be"assumed"that"all"or"any"part"of"the"inferred"resources"will"ever"be"upgraded"to"a"higher
"
category."Therefore," United" States" investors" are" also" cautioned" not" to" assume" that" all" or" any" part" of" the" inferred" resources" exist," or" that" they" can" be" mined" legally" or
"
economically."Disclosure"of"contained"ounces"is"permitted"disclosure"under"Canadian"regulations;"however,"the"SEC"normally"only"permits"issuers"to"report"resources"as"in"
place"tonnage"and"grade"without"reference"to"unit"measures."Accordingly,"information"concerning"descriptions"of"mineralization"and"resources"contained"in"this"presentation"
may"not"be"comparable"to"information"made"public"by"United"States"companies"subject"to"the"reporting"and"disclosure"requirements"of"the"SEC."
TSX"Venture:"BWR"
2"

3. !
Black"Widow"Resources"Inc."(“BWR”"is"building"a"portfolio"of"strategically"located"exploration"projects,"some"of"which"
are"in"close"proximity"to"previous"discoveries"made"by"members"of"the"BWR"management"team,"others"are"within"
regional"exploration"plays;"
!
BWR’s"CEO,"Neil"Novak,"has"an"outstanding"track"record"of"discovering"numerous"exploration"projects"that"have"
significant"economic"development"potential"including"the"following:"
• Spider"Resources"Inc."(“Spider”),"after"a"3"month"hostile"bid,"was"purchased"in"2010"for"$125"million"cash"by"Cliffs"
Natural"Resources"(“Cliffs”),"Cliffs"had"targeted"Spider’s"chromite"discovery"that"is"being"prepared"for"development"
by"Cliffs"in"the"Ring%of%Fire%area"of"Northern"Ontario,"2012"estimated"infrastructure"costs"on"site"for"chromite"project"
are"in"excess"of"$3.3"billion,"plus"smelter"estimated"capex"of"an"additional"$2.2"billion.""
• Noront’s"(NOT.V)"Eagle’s"Nest"MMS"Deposit"located"in"Ring"of"Fire"are"of"Northern"Ontari0""is"being"prepared"for"
development"by"Noront,"also"located"in"the"Ring%of%Fire%area"of"Northern"Ontario,"2012"estimated"capital"costs"for"
project"are"in"range"of"$600"million""
! Neil"was"co^recipient"of"2009"PDAC"Bill"Dennis"Prospector"of"the"Year"(presented"at"2010"PDAC)"for"his"involvement"in"
many"of"the"discoveries"in"the"Ring%of%Fire%area"
! BWR’s"main"focus"property"is"a"gold/base"metal"prospect"located"near"Dryden,"Ontario,"numerous"gold"occurrences"on"
property,"new"geophysically"rendered"conductive"anomalies"nearby,"plus"newly"acquired""“historical"producer"of"gold”."
!
One"of"BWR’s"properties"is"located"just"north"of"the"Ring%of%Fire,"numerous"geophysical"anomalies"on"property"
!
BWR’s"exploration"project"acquisition"philosophy"includes"acquiring"properties,"early"in"the"exploration"cycle,"that"
exhibit"good"geological"and"economical"potential,"in"other"words"good"geology"equates"to"high"potential"for"discovery,"
be"there"at"the"right"time!"
TSX"Venture:"BWR"
3"

4. !
Increase"individual"project"value"by"acquiring"and"evaluating"early"stage"project(s)"for"development,"or"
as"targets"for"eventual"takeover,"similar"to"what"happened"with"Spider’s"Big"Daddy"Chromite"project;"
!
Short"Term"Business"Plan"(2013"^14)"is"to"utilize"funds"resultant"from"early"2013"Initial"Public"Offering"
($1.1"million"raised)"to"maintain"and"advance"/"expand"properties,"while"monitoring"other"exploration"
plays,"seek"out"and"acquire"interest"in"other"exciting"exploration"areas;"
!
Long"Term"Business"Plan"(3^"5"years)"is:"
• to"build"a"portfolio"of"exciting"projects"in"various"stages"of"exploration"in"places"where"management"
is"experienced"in"working,"initially"in"the"Province"of"Ontario…"then"elsewhere""
• to"entice"strategic"developers"to"assist"in"development"and"eventual"exploitation"of"projects"as"they"
mature"through"the"exploration"cycle"to"becoming"advanced"projects.""
TSX"Venture:"BWR"
4"

5. Management"Team""
Neil"Novak,"P.Geo.,""President%&%CEO,%Director,%Founder%
! Former"CEO"of"Spider"Resources"(sold"for"$125"MM"in"2010"in"an"all"cash"deal"($0.19/share)"to"Cliffs"Natural"
Resources")""
! Credited"for"the"numerous"discoveries,"two"of"which"are"in"PEA"stage"of"development:"
""""""""Cliffs"Natural"Resources’"(CLF;NYSE)"Big"Daddy"Chrome"Deposit"(Ring"of"Fire)""
""""""""Noront’s"Eagle’s"(NOT;V)"Nest"MMS"Deposit"(Ring"of"Fire)"
! 2009"PDAC"Bill"Dennis"Prospector"of"the"Year"Award"for"his"involvement"in"the"discovery"of"the"Ring"of"Fire"""""""
exploration"area"
Carmen"Diges,"Corporate%Secretary,%Founder%%
! Partner"at"Miller"Thomson"LLP"focused"on"international"corporate"finance,"M&A,"and"natural"resources""
! Chair"of"Miller"Thomson’s"National"Mining"Group""
George"Duguay,"VP%Corporate,%Director,%Founder%%
! President"of"G."Duguay"Services"Inc."since"January"1989""and"partner"of"Duguay"and"Ringler"Corporate"Services"
until"2006"
! Presently"Corporate"Secretary"of"three"public"companies"in"the"resource"sector""
! Co;Founder"of"Equity"Financial"Trust"Company""
Daniel"Crandall,"CFO%%%
! Manager"at"Marrelli"Support"Services,"specializing"in"accounting,"regulatory"compliance"and"investment"based"
services"to"numerous"issuers"on"the"TSX"and"TSXV""
! Previously"Manager"at"Collins"Barrow"Toronto"LLP"
TSX"Venture:"BWR"
5"

6. Non^Management"Board"of"Directors"
Norman"Brewster,"P."Geo.,"Chairman%%
! !President"&"CEO"and"Director"of"Cadillac"Ventures,"former"Chairman"of"Iberian"Minerals"Corp.""!
! "Also"director"of"International"Millennium"Mining"Corp.,"and"Galantas"Gold"Corp."
! "Former"director"of"Spider"Resources""
Allan"Ringler,"Director""
! "President"of"Allan"Ringler"Services"Inc.""
! "Co;Founder"and"current"director"of"Equity"Financial"Trust"Company,"a"provider"of"transfer"agent"and"corporate"
trust"services""
Earl"Coleman,"Director""
! "Former"President"of"Big"Freight"Systems,"leading"provider"of"logistical"and"freight"forwarding"solutions""
! "Currently"serves"as"a"director"of"two"privately"held"exploration"companies""
! "Chairman"of"the"Special"Committee"of"Spider"Resources""during"Cliffs"takeover"of"Spider,"former"director"of"Spider"
TSX"Venture:"BWR"
6"

7. !
Black"Widow"was"formed"in"January"2011,"incorporated"as"a"Federal"Company;"
!
During"2011,"raised"$877.3K"privately"amongst"current"board"of"directors,"management,"former"Spider"
board"members"as"well"as"family"and"friends,"raised"additional"$50K"in"Europe"in"2012;"
!
Assembled"portfolio"of"three"projects"for"company,"each"project"focuses"on"base"metals"and/or"precious"
metals,"exploration"projects"are"near,"or"in"vicinity"of"area"plays;"
!
Proceeded"with"evaluation/exploration"of"projects"as"needed"to"meet"earn^in"requirements"and/or"flow"
through"expenditure"requirements"as"related"to"the"exploration"funds"(FT)"raised"in"2011;"
!
Launched"Initial"Public"Offering"(“IPO”)"in"November"2012,"filed"final"prospectus"on"February"12,"2013,"
raised"in"excess"of"$1.1"million"as"required"for"going"public"event,"closed"on"the"initial"financing"in"early"
March"2013,"closed"on"second"tranche"on"March"28th."
!
Called"for"trading"on"the"TSXV"on"April"4,"2013"under"the"symbol"“BWR”","opened"at"$0.15"
!
Founders"have"participated"in"all"stages"of"financing"to"date.""
TSX"Venture:"BWR"
7"

8. Gremlin"Project""
100%"interest""
VMS,"MMS"(base"metal)"
property"
"
Santa"Maria"^"Sakoose"Gold"
Project"
70%"interest"in"Santa"Maria"
Earning"100%"interest"in"
Sakoose"
“Ring"of"Fire”"
exploration"
area"
Shunsby"Project"
"59.8%"interest""
Cu;Zn;Ag"property"
TSX"Venture:"BWR"
8"

9. !
Optioned"in"on"70%"Joint"
Venture"interest"(BW"is"
operator)"in"19"claims"
covering"1,648"hectares,"
November"2011""
Three new Conductors
!
!
Project"located"near"
Dryden,"Ontario;"
6
Two"small"vertical"shafts"
(1,5)"(circa"1900),"initial"
property"covered"6"gold"
occurrences,"grab"
samples"up"to"28"g/t"Au;"
!
Santa"Maria"JV"Property"
consists"of"25"claims,"
2,848"hectares"
1,5
4
2
Completed"a/b"survey,"
January"2012,"3"new"
multi;channel"anomalies"
identified,"6"new"claims"
(additional"1200"
hectares)"staked"
!
3
Met earn-in requirements in April 2012 from New
Klondike, hold 70% interest
TSX"Venture:"BWR"
9"

10. !
Tabor"Lake"Mine:"produce"36"ounces"gold"1935,"
located"1"kilometer"north"of"claim"group"
!
Sakoose"Mine:"produced"3,669"ounces"gold"
intermittently"1899"–"1947"z"(2013"sampling"up"to"
126"g/t"Au)"
!
Superstition:"historical"gold"showing,"surface"
trenching"assays"reported"up"to"0.82"ounces/ton"
!
Santa"Maria"occurrences:"two"vertical"shafts"circa"
1900’s,"one"trench,"grab"samples"reported"up"to"
16.8"g/t"Au"(2013"sampling"up"to"2.5"g/t"Au)"
!
Lee"Lake"occurrences:"three"historical"gold"
showings,"trenches,"assays"reported"as"high"as"
11.66"g/t"Au,"2013"site"visit"found"area"to"be"
flooded"(nearby"beaver"dam)"
"
"
TSX"Venture:"BWR"
10"

11. !
Option"to"earn"100%"
interest"in"23"claims"
covering"1,360"hectares"
in"November"2013"from"
Rubicon"Minerals"
Corporation"
!
Former"Producer"(1897"–"
1902,"then"1944"–"47)"
8,828"tons"producing"
3,669"ounces"gold"
!
Four"vertical"shafts,"
surface"open"cut"300"
metres"long;"
!
Numerous"gold"
showings,"exploration"
pits"on"property"
!
Exploration"focus"to"
assess"the"non;compliant"
resource"estimate"by"
previous"operators"
!
Phase"1"(2014)"initial"exploration"to"get"familiar"with"
joint"Santa"Maria"–"Sakoose"property"(geological"
compilation,"mapping)""$50K"to"be""followed"by$300K"
diamond"drilling"program"in"phase"2"(late"2014)"if"
warranted."
TSX"Venture:"BWR"
11"

12. !
"(17)"Tamaka"Gold"Corporation"(private"
company)""Goldlund"Project"(1"million"ounces"
gold)"Measured:"4"700"000"tonnes"@"1.74"g/t"Au,"
Indicated:"3"600"000"tonnes"@"1.42"g/t"Au,"
Inferred:"25"500"000"tonnes"@"0.88"g/t"Au""
!
(40)"Treasury"Metals"Inc."(TSX:TML)""Goliath"
Gold"Project"(1.7"million"ounces"gold)"Indicated:"
9.14"Mt"@"2.6"g/t"Au"Inferred:"15.9"Mt"@"1.7"g/t"
Au"
"""
(6)Coventry"Resources"Ltd"^"Chalice"Gold"Mines"
Cameron"Lake"Project"(1.4"million"ounces"gold)"
Measured,"Indicated,"Inferred"Total:"19.422"Mt"@"
2.24"g/t"Au"
""
(35)"Rainy"River"Resources"(TSX:RR)"Rainy"River"
Project"(8.4"million"ounces"gold)"Measured"1.18"
million"ounces,"Indicated"4.98"million"ounces"
gold,"Inferred:"2.28"million"ounces"gold"
!
!
Black Widow’s Santa Maria / Sakoose Project
Location, proximal to 4 major projects hosting
12.5 million ounces (measured, indicated,
inferred)
"
TSX"Venture:"BWR"
12"

13. !
Signed"Purchase"agreement"Feb"2012"to"
acquired"59.8%"interest"in"property"whereby:"""
1. BWR"initially"paid"$200K"(issued"2"million"
shares"at"$0.10"per"share),"followed"by"a"
second"payment"valued"at"$150K"(issuing"
1.25"million"shares"at"$0.12"per"share);"
2. BWR"to"make"one"additional"payment"in"
shares"valued"at"$150K,"on"12"month"
anniversary"of"going"public"event;""
3. One"remaining"payment"to"be"made"valued"
at"$150K,"to"be"settled"by"issuing"up"to"
750,000"additional"shares."Vendor"to"retain"a"
1.0%"NSR,"half"of"which"is"buyable;"
!
Need"to"formalize"JV"with"other"partners"
representing"remaining"40.2%"interest,"it"is"
expected"that""JV"partners"will"likely"acquiesce"
to"any"proposed"spend"and"undergo"dilution"to"
0.5%"NSR"
TSX"Venture:"BWR"
13"

14. !
Shunsby"discovered"in"1904,initially"staked"as"
an"Iron"prospect,"trenching"and"prospecting"
revealed"Zinc,"Lead"and"Copper"potential"
!
23,460"metres"drilled"in"214"diamond"drill"holes"
on"property"between"1954"and"1993"revealed"
several"pods"of"mineralization,"two"main"zones"
became"the"focus"(Main"and"North)"
!
During"1989;91"campaign,"several"hundred"
metres"of"surface"trenching"and"sampling"
!
South"Zone"best"trench"averaged"10.77%"Zn,"
2.75%"Pb"and"0.75%"Cu"over"4.8"metre"
!
Main"Zone"best"trench"averaged"3.53%"Cu"over"
5"metres"(verification"chip"sampling"in"2013"
averaged"3.82%"Cu"and"1.78%"Zn)"
!
2014"Exploration"program"including"temporary"
camp"establishment,"line"cutting,"geophysical"
and"geological"surveying"followed"by"diamond"
drilling"estimated"to"cost"$350K""
Main Zone 1991 surface trench 3.53% Cu
over 5 meters, nearby historical hole 60-77
averaged 7.38% Cu, 1.85% Zn over 4.27
meters (as per NI 43-101 report disclosure)
TSX"Venture:"BWR"
14"

15. !
!
!
"100%"interest"in"39"
contiguous"mining"
claims"(9,856ha)"has"
base"metal"and"
diamond"potential"
immediately"north"of"
the"“Ring!of!Fire”!area"
of"Ontario""
"Recently"incurred"
$220,000"in"exploration"
expenditures"including"
High"sensitivity";"
Triaxial"Heli;Magnetic"
survey"+"ground"follow;
up"MaxMin,"
exploration"program"
completed"Jan/Feb"
2012;"
Great REversed Magnetic LINear
Kyle Kimberlites
Noront’s Eagles Nest
Cliff’s VMS deposits
Project%is%drill%ready,%
spent%$250K%(2013)%as%
phase%1,to%be%%followed%
by%phase%2%where%
$260K%allocated%to%
drilling%
Cliff’s Chromite Deposits
TSX"Venture:"BWR"
15" 15"

16. !
Tri;axial"aeromagnetic"heli;"survey,"high"
resolution"flown"in"Sept/Oct"2011"
!
New"survey"confirmed"and"enhanced"Great"
Reversed"Magnetic"Linear"“GREMLIN”"transecting"
property"
!
Initially"three"main"areas"of"interest"were"
identified"for"ground"follow;up,"resulting"in"10"
more"claims"added"to"property"in"December"2011"
!
Ground"geophysical"surveying"completed"April"
2013,"geo;referencing"claims,"preparing"for"drill"
tests"
!
Exciting"new"Magmatic"Massive"Sulphide"(MMS)"
target"identified"
Airborne"Geophysical"Compilation"of"Gremlin"Claims""
TSX"Venture:"BWR"
16"

17. VMS or BIF
Targets
VMS or BIF Targets
MMS (Eagle Type) Targets
TSX"Venture:"BWR"
17"

18. Noront’s Eagle nest (HLEM)
BWR’s S1 anomaly (HLEM)
TSX"Venture:"BWR"
18"

19. Noront’s Eagle Nest (left) vs. Black Widow’s Gremlin S1 anomaly (right)
TSX"Venture:"BWR"
19"

20. Q1"/"2013"
$1.1"MM"IPO"Financing"*"
Q1"/"2013"
Phase""1"at"Gremlin"^"continue"exploration"on"Gremlin"Project,"fill"in"and"re^orientate"ground"
geophysical"survey"prior"to"drill"testing,"geo^referencing"claims"($250,000)*"
Q3"/"2013"
Phase"1"at"Santa"Maria"^"prospecting,"linecutting,"geophysics,"prepare"drillplans"($100,000)"*"
Q2"^"Q3"/"2013"
Initiate"work"program"on"Shunsby"Project,"compilation"of"historical"data,"review"historical"
resource"estimates,"finalize"NI"43^101"report"on"project"($50,000)"*"
Q1"–"Q2"/""2014"
"
Phase"2"on"Shunsby"Project,"linecutting,"IP"surveying,"drill"Testing"(confirmatory)"estimate"
$250K"to"be"spent"in"2014"
Q2"^"Q3""/"2014"
Phase"2"at"Santa"Maria"–"Sakoose"Project"–"Continue"ongoing"assessment,"Drill"Testing"
(confirmatory)"estimate"$250"K"to"be"spent"in"2014"
Q3"–"Q4"/"2014"
Phase"2"at"Gremlin"Project""^"Drill"Testing"(if"warranted)"estimate"$250K"to"be"spent"in"2014"
"
* Denotes completed on schedule
TSX"Venture:"BWR"
20"

21. Price"
Shares"Issued"
Amount"
$0.065(*(
5,372,000(
$349,180((
Acquisi@on(of(Proper@es((pre(IPO)(
$0.10((
3,605,000(
$360,500((
Hard(Dollar(Financings((pre(IPO)(
$0.10((
2,590,000(
$259,000((
Previous(FlowKThrough(Financings((pre(IPO)(
$0.13((
2,504,000(
$325,520((
$0.09(*(
14,071,000(
$1,294,200((
(Closing((Mar(8)(Flow(Through(units(
$0.17((
1,797,500(
$305,575((
Closings((Mar(8(and(28)(units(
$0.15((
5,309,500(
$796,425((
Issued(for(Shunsby(property((Oct.(4,(2013)(
Issued(for(Sakoose(property((Nov.(15,(2013)(
$0.12((
$.0.13(
1,250,000(
153,856(
$150,000((
$20,000((
Shares(Issued((undiluted)(
((
Warrants((Mar(8(and(28,(includes(593,160(broker(warrants)((
$0.11(*(
$2,566,200((
$0.20((
22,581,856(
(
6,918,950(
Op@ons((
$0.20((
1,350,000(
$270,000.00((
Shares(Outstanding((fully(diluted)(
$0.14((
30,850,806(
$4,219,990((
Insiders((pre(IPO)(
Pre(IPO(Shares(Issued(
(
TSX"Venture:"BWR"
(
$1,383,790((
21"

22. !
Management’s"proven"track"record"and"exceptional"experience"with"discoveries"in"Ontario"and"
elsewhere;"
!
Sakoose"Project:"ready"for"drilling,"zinc"main"commodity"of"interest,"other"base"metals"
!
"Santa"Maria"–"Sakoose"Project:"gold"potential,"ready"for"drilling,"several"nearbyadvanced"gold"projects,"
in"excess"of"12"million"ounces"gold"identified"by"other"operators"in"greater"Dryden"area;""
! Management"is"intimately"familiar"with"the"“Ring%of%Fire”%area"where"advanced"projects"are"currently"
being"prepared"for"development"(by"Noront"and"Cliffs"),"Gremlin"project"has"VMS"and"MMS"(base""
metal)"potential,"drill"ready;""
!
Early"stage"exploration"provide"significant"upside"allowing"investors"to"“speculate"on"the"market"
trends”"during"exploration/discovery"phase;""
!
Several"other"initiatives"in"pipeline"are"being"considered""to"mitigate"individual"project"risk"in"Ontario""
and"elsewhere;""
!
Good"geology"equates"to"high"potential"for"discovery!!!"
TSX"Venture:"BWR"
22"

23. !
Up"to"$960,000"in"flow"through"units"including"one"common"share"plus"½"warrant"($0.12"
per"unit,"warrants"at"$0.15"for"one"year,"step"up"to"$0.20"in"year"two,"step"up"to"$0.25"in"
year"three),"acceleration"clause"at"$0.30;"
!
"Up"to"$500,000"hard"cash"units"including"one"common"share"plus"full"warrant"($0.10"per"
unit,"warrants"at"$0.15"for"one"year,"step"up"to"$0.20"in"year"two,"step"up"to"$0.25"in"year"
three),"acceleration"clause"at"$0.30;""
! Initial"flow"through"exploration"program"to"continue"on"(a)"Shunsby,"(b)"Santa"Maria"and"
then"(c)"Gremlin"(order"of"priority).""""
! (a)"Shunsby,"$350,000"in"linecutting,"trenching,"IP"survey,"confirmatory"drilling"
! (b)"Santa"Maria"–"Sakoose"Project,"$350,000"in"line^cutting,"trenching,"prospecting,"
geological"mapping,"eventual"drill"tests."
! (c)"Gremlin,"$260,000"in"additional"geophysics,"followed"by"diamond"drilling"
! Hard"cash"funds"to"be"used"for"general"working"purposes,"new"project"acquisitions"
TSX"Venture:"BWR"
23"

24. Black"Widow"Resources"Inc."
Suite"304";"65"Front"St."E.,""
Toronto,"ON"
M5E"1B5""
"
Neil"Novak,"P.Geo."(President/CEO) "
E:"nnovak@blackwidowresources.com
T:"(416)"203"8636 "
"
"
"
"
"
"
""""""""Jeanny"So,"CHF"Investor"Relations"
""""""""""""""""""""""""""""""""""E:"jeanny@chfir.com"
"
"""""""""""T:"(416)"868;1079"x"225"
www.blackwidowresources.com"
"
TSX"Venture:"BWR"
24"