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Changed Number of Outstanding Shares in BlackPearl

CALGARY, ALBERTA -- (Marketwire) -- 12/31/12 -- BlackPearl Resources Inc. (the "Company") (TSX:PXX)(OMX:PXXS) -

As a result of the exercise of options and warrants, the total number of shares and votes in the Company has changed during December 2012 as follows.

The number of shares has increased by 2,526,465 and the total number of shares and votes in the Company as of December 31, 2012 is 295,765,808.

The above information has been made public in accordance with the Swedish Financial Instruments Trading Act.

Contacts:
BlackPearl Resources Inc.
John Festival
President and Chief Executive Officer
(403) 215-8313

BlackPearl Resources Inc.
Don Cook
Chief Financial Officer
(403) 215-8313
(403) 265-8324 (FAX)
www.blackpearlresources.ca

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