A"“New”"Mining"Exploration/Development"Company"

Acquiring"and"Evaluating"projects""

as"Exploration/Development"Assets"

"

(December,""2013)"

1"TSX"Venture:"BWR"

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"

!  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!"

3"TSX"Venture:"BWR"

!  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.""

4"TSX"Venture:"BWR"

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"

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"

!  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.""

7"TSX"Venture:"BWR"

8"

Shunsby"Project""59.8%"interest""

Cu;Zn;Ag"property"

Santa"Maria"^"Sakoose"Gold"Project"

70%"interest"in"Santa"Maria"Earning"100%"interest"in"

Sakoose"

Gremlin"Project""100%"interest""

VMS,"MMS"(base"metal)"property"

“Ring"of"Fire”"exploration"

area"

TSX"Venture:"BWR"

"

9"

!  Optioned"in"on"70%"Joint"Venture"interest"(BW"is"operator)"in"19"claims"covering"1,648"hectares,"November"2011""

!  Project"located"near"Dryden,"Ontario;"

!  Two"small"vertical"shafts"(1,5)"(circa"1900),"initial"property"covered"6"gold"occurrences,"grab"samples"up"to"28"g/t"Au;"

!  Completed"a/b"survey,"January"2012,"3"new"multi;channel"anomalies"identified,"6"new"claims"(additional"1200"hectares)"staked"

!  Santa"Maria"JV"Property"consists"of"25"claims,"2,848"hectares"

TSX"Venture:"BWR"

Met earn-in requirements in April 2012 from New Klondike, hold 70% interest

6

1,5

3

4

2

Three new Conductors

!  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)"

"

"

"

10"TSX"Venture:"BWR"

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"

!  "(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"

"

TSX"Venture:"BWR" 12"

Black Widow’s Santa Maria / Sakoose Project Location, proximal to 4 major projects hosting 12.5 million ounces (measured, indicated, inferred)

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"

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""

TSX"Venture:"BWR"

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)

Great REversed Magnetic LINear

Kyle Kimberlites

Noront’s Eagles Nest

Cliff’s Chromite Deposits

Cliff’s VMS deposits

!  "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;"

!  Project%is%drill%ready,%spent%$250K%(2013)%as%phase%1,to%be%%followed%by%phase%2%where%$260K%allocated%to%drilling%

15"15"TSX"Venture:"BWR"

!  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"

16"

Airborne"Geophysical"Compilation"of"Gremlin"Claims""

TSX"Venture:"BWR"

VMS or BIF Targets

MMS (Eagle Type) Targets

17"

VMS or BIF Targets

TSX"Venture:"BWR"

18"

Noront’s Eagle nest (HLEM) BWR’s S1 anomaly (HLEM)

TSX"Venture:"BWR"

19"

Noront’s Eagle Nest (left) vs. Black Widow’s Gremlin S1 anomaly (right)

TSX"Venture:"BWR"

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"

"

TSX"Venture:"BWR"

* Denotes completed on schedule

Price" Shares"Issued" Amount"

Insiders((pre(IPO)( $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((

Pre(IPO(Shares(Issued( $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)( $0.12(( 1,250,000( $150,000((Issued(for(Sakoose(property((Nov.(15,(2013)( $.0.13( 153,856( $20,000((

Shares(Issued((undiluted)( $0.11(*( 22,581,856( $2,566,200((

(( (( (( ((

Warrants((Mar(8(and(28,(includes(593,160(broker(warrants)(( $0.20(( 6,918,950( $1,383,790((

Op@ons(( $0.20(( 1,350,000( $270,000.00((

Shares(Outstanding((fully(diluted)( $0.14(( 30,850,806( $4,219,990((

21"TSX"Venture:"BWR"

!  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!!!"

22"TSX"Venture:"BWR"

!  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"

23"TSX"Venture:"BWR"

Black"Widow"Resources"Inc."

Suite"304";"65"Front"St."E.,""

Toronto,"ON"

M5E"1B5""

"Neil"Novak,"P.Geo."(President/CEO) " """"""""Jeanny"So,"CHF"Investor"Relations"E:"nnovak@blackwidowresources.com """"""""""""""""""""""""""""""""""E:"jeanny@chfir.com"

T:"(416)"203"8636 " " " " """""""""""T:"(416)"868;1079"x"225""

"

"

www.blackwidowresources.com"

"

"24"TSX"Venture:"BWR"