UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR BLACKPEARL

CALGARY, ALBERTA, May 31, 2018 /CNW/ - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) reports the following, in accordance with the Swedish Financial Instruments Trading Act: View PDF Version

As a result of the exercise of stock options, as at May 31, 2018, the number of issued and outstanding shares of the Company is 336,729,240 common shares with voting rights.

The information in this release is subject to the disclosure requirements of BlackPearl Resources Inc. under the Swedish Financial Instruments Trading Act. The information was submitted for publication at 3:00 p.m. Mountain Time on May 31, 2018.

For further information, please contact:

John Festival - President and Chief Executive Officer

Tel.: (403) 215-8313

Don Cook – Chief Financial Officer

Tel: (403) 215-8313

Robert Eriksson – Investor Relations Sweden

Tel.: +46 701-112615