SYS-CON MEDIA Authors: Jason Bloomberg, Bob Gourley, Greg Schulz, Don Nelson, Gilad Parann-Nissany

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Updated Share Capital and Voting Rights for BlackPearl

CALGARY, ALBERTA -- (Marketwired) -- 01/31/14 -- BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX)(OMX: PXXS) -

In accordance with the Swedish Financial Instruments Trading Act, BlackPearl announces the following:

As a result of the exercise of employee stock options, as at January 31, 2014, the number of issued and outstanding shares of the Company is 300,800,808 common shares with voting rights.

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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