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Blackheath Reports 11.4 metres of 1.56% WO3 at Covas Tungsten Project

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To view the Lapa Grande Area, click on the following link: http://media3.marketwire.com/docs/b228b.pdf

Telheira

Five drill holes were completed at Telheira. The first two holes, CO 7-12 and CO 8-12A, were reported previously and validated previous drilling with high grade results. The next three holes, CO 9-12, CO 10-12, and CO 11-12, expanded the zone of known tungsten mineralization in the target area. There is further mineralization potential on the north, west, and south sides of the Telheira zone, as well as in the nearby Telheira north and southeast target areas. (See drill hole location map for Telheira.)

---------------------------------------------------------------------------Target area    Hole ID                         Intercept---------------------------------------------------------------------------                                                          Total                                                Top   thickness                                                (m)         (m)       % WO3---------------------------------------------------------------------------Telheira       CO 7-12                        44.57        7.98        2.11---------------------------------------------------------------------------                              including       50.00        2.55        4.24---------------------------------------------------------------------------Telheira       CO 8-12A                       81.40        4.15        0.71---------------------------------------------------------------------------                              including       81.40        2.42        1.15---------------------------------------------------------------------------Telheira       CO 9-12                        55.25        2.05        0.33---------------------------------------------------------------------------Telheira       CO 10-12                      112.25        1.55        0.79---------------------------------------------------------------------------Telheira       CO 11-12                       51.77        1.21        0.22---------------------------------------------------------------------------


To view the Telheira Area, click on the following link: http://media3.marketwire.com/docs/b228c.pdf

Castelo

Re-interpretation of the historic data indicated the potential for expanding the zone of known mineralization at Castelo, as well as the potential for adding new lenses of mineralization to the southeast of the original zone. Three holes were drilled in the Castelo target area. The third hole, CO 19-13, was drilled about 250 metres southeast of the main Castelo mineralization, and intercepted 4.0 metres of 0.26% WO3, confirming the start of a new zone of tungsten mineralization. In addition, CO 18-12, drilled at the northwest extremity of known Castelo mineralization, cut mineralized skarn at surface, indicating potential for further expansion to the northwest and west in this area. (See drill hole location map for Castelo.)

---------------------------------------------------------------------------Target area    Hole ID                         Intercept---------------------------------------------------------------------------                                                          Total                                                Top   intercept                                                (m)         (m)       % WO3---------------------------------------------------------------------------Castelo        CO 17-12A               no significant intercepts---------------------------------------------------------------------------Castelo        CO 18-12                        0.00        3.10        0.19---------------------------------------------------------------------------Castelo        CO 19-13                       85.10        4.00        0.26---------------------------------------------------------------------------                              including       85.10        1.00        0.62---------------------------------------------------------------------------

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