Agreement Entered To Develop The Tonopah North Lithium Project

VANCOUVER - Blackrock Silver Corp. has entered into an option agreement with Tearlach Resources Limited pursuant to which Tearlach has been granted the option to acquire, in two stages, up to a 70% interest in the lithium minerals in certain unpatented mining claims forming a portion of the Company's Tonopah North project in Esmeralda County and Nye County, Nevada.

Andrew Pollard, President and Chief Executive Officer, said, "This deal creates significant value for Blackrock shareholders by pairing our emerging lithium discovery with a world-class lithium technical team while retaining shareholder upside in potential new silver and gold discoveries on our underexplored Tonopah North project. Tearlach has an impressive team with recognized expertise specifically relating to lithium claystone deposits, and has proposed an aggressive exploration plan that will see up to US$15,000,000 spent as the project is quickly drilled and advanced towards development studies. This transaction allows Blackrock shareholders to gain an interest in an active lithium project while allowing the Company to focus its resources on our high-grade precious metal discoveries. With one of the highest-grade undeveloped silver-gold resources in the world at the adjacent Tonopah West1 project, a new bonanza gold & silver discovery at Silver Cloud, and this transaction, which provides for advancement of our lithium interests, Blackrock is poised for significant growth across our entire project portfolio, and is emerging as a player within the domestic green energy metals space."