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1. A new Publicly traded Mining Exploration/Development
Company, acquiring, exploring and grooming projects for
development or takeover to increase shareholder value.
(April 4, 2013)
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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.
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3.  Black Widow Resources Inc. (“BWR”) has built a portfolio of strategically located exploration projects, some of which are in
close proximity to previous discoveries made by members of the BW management team, others are within regional
exploration plays
 BWR’s CEO, Neil Novak, has an outstanding track record of discovering numerous economic exploration and development
projects 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 now being prepared for development by Cliffs
in the Ring of Fire area of Northern Ontario, estimated infrastructure costs for chromite project are in excess of $3.3 billion
• Noront’s (NOT.V) Eagle’s Nest MMS Deposit located in Ring of Fire are of Northern Ontario, that is also being prepared for
development by Noront, also located in the Ring of Fire area of Northern Ontario, 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 focused property presently is a gold/base metal prospect located near Dryden, Ontario, numerous gold occurrences on
property, new geophysically rendered conductive anomalies nearby
 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!
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4.  Increase individual project value by “grooming” early stage project(s) for development, or as targets for
eventual takeover, very similar to what happened with Spider’s Big Daddy Chromite project;
 Short Term Business Plan (2013) is utilize funds resultant from early 2013 Initial Public Offering ($1.1million
raised) to maintain and advance current 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
• to entice strategic developers to assist in development and eventual exploitation of projects as they
mature through the exploration cycle to becoming advanced projects.
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5. Management Team – former Spider Resources
Neil Novak, P.Geo., President & CEO, Director, Founder
Former CEO of Spider Resources (sold for $125 MM in 2010 in an all cash deal to Cliffs Natural Resources )
Credited for the following discoveries, each of which is 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
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6. Non-Management Board of Directors
Norman Brewster, P. Geo., Chairman
 President & CEO and Director of Cadillac Ventures, and Non- Executive 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
 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
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7.  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
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8. Gremlin Project
100% interest
VMS, MMS (base metal)
property
Santa Maria Gold Project
70% interest “Ring of Fire”
Au + Base Metal property exploration
area
Shunsby Project
59.8% interest
Cu-Zn-Ag property
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9.  Optioned in on 70% Joint
Venture interest (BW is
operator) in 19 claims
covering 1,648 hectares
in early 2012
Three new Conductors
 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;
 Electromagnetic airborne
survey completed in
January 2012
 Three new multi-channel
anomalies identified, 6
new claims (1200
hectares) staked;
 Phase 1 $100K exploration program including line-cutting
 Met earn-in requirements over EM anomalies, ground geophysics to be followed
in April 2012 by$500K diamond drilling program in phase 2
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10.  Tabor Lake Mine: produce 36 ounces gold 1935
 Sakoose Mine: produced 3,669 ounces gold
intermittently 1899 – 1947
 New Klondike: gold showing drilling, surface
trenching
 Snake Bay: gold showing
 Thundercloud Lake: gold showing
 Gold Rock: gold showing
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11.  Treasury Metals Inc. (TSX:TML) Goliath Gold project has advanced to Preliminary Economic Assessment,
contains NI 43-101 compliant estimates of 1.7 million ounces gold (inferred and indicated resources)
averaging 2.23 g/t contained in 25 million tonnes. (ref. sedar filings of TML)
 Coventry Resources Ltd. (ASX:CVY) Cameron Lake project contains JORC-code compliant estimate of 19.4
million tonnes averaging 2.24g/t Au (1.397 million ounces gold) in inferred and indicated resource categories
(ref. ASX website)
 Rainy River Resources (TSX:RR) Rainy River project contains NI 43-101 compliant estimates of 1.18 million
ounces gold (measured), 4.98 million ounces gold (indicated) and 2.28 million ounces gold (inferred) as of
Oct 2012 filings. (ref. sedar filings of RR)
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12.  100% interest in 39
contiguous mining
claims (9,856ha) has Great REversed Magnetic LINear
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 Kyle Kimberlites
survey + ground follow-
up MaxMin,
exploration program
completed Jan/Feb Noront’s Eagles Nest
2012;
Cliff’s VMS deposits
 Project is drill ready,
proposal to spend
$250K as phase 1, Cliff’s Chromite Deposits
followed by phase 2
where $750K allocated
to drilling
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13.  Tri-axial aeromagnetic heli- survey, high
resolution flown in Sept/Oct 2011
 New survey confirmed and enhanced Great
Reversed Magnetic Linear “GREMLIN” transecting
property
 Three main areas of interest identified for ground
follow-up, 10 more claims added to property in
December 2011
 Ground geophysical surveying underway April
2013, geo-referencing claims, preparing for drill
tests
Airborne Geophysical Compilation of Gremlin Claims
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14. VMS Targets
MMS (Eagle Type) Targets
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15.  Signed Purchase agreement Feb 2012 to
acquired 59.8% interest in property by:
1. Paying $200K (issued 2 million shares at
$0.10 per share),
2. Two additional payments in shares valued at
$150K each, on 6 and 12 month anniversary
of going public event,
3. Shares to be issued based upon 20 day
VWAP of BW shares, however no less than
$0.15 per share, optionor 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
 No current NI-43-101 reports available for this
project.
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16. Q1 – Q2 2013 $1.1 MM IPO Financing
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)
Phase 1 at Santa Maria - prospecting, linecutting, geophysics, prepare for drilling ($100,000)
Q2-4/ 2013 Phase 2 at Gremlin Project - Drill Testing (if warranted)
Phase 2 at Santa Maria – Drill Testing (if warranted)
Initiate work program on Shunsby Project, compilation of historical data, review of historical
resource estimates by MPH consulting
Q1-4/ 2014 Ground exploration including diamond drilling on Shunsby Project; follow-up exploration on
Gremlin and Santa Maria as warranted
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17. Price Shares Issued Amount
Insiders (pre IPO) $0.065 5,372,000 $349,180
Acquisition of Properties (pre IPO) $0.10 3,605,000 $360,500
Hard Dollar Financings (pre IPO) $0.10 2,590,000 $259,000
Previous Flow-Through Financings (pre IPO) $0.13 2,504,000 $325,520
Pre IPO Shares Issued $0.09 14,071,000 $1,294,200
Warrants (pre IPO) $0.20 500,000 $100,000
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
Warrants (Mar 8 and 28, includes 593,160 broker $0.20 6,918,950 $1,383,790
warrants)
Post-IPO Shares Outstanding 21,178,000
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18.  Management’s proven track record and exceptional experience with discoveries in
Ontario;
 Santa Maria Project has gold and base metal potential, nearby projects are being
prepared for development;
 Management is intimately familiar with the “Ring of Fire” area where two advanced
projects are currently being prepared for development (by Cliffs Natural Resources
and Noront Resources), Gremlin project has VMS and MMS (base metal) potential;
 Early stage exploration provide significant upside for investors;
 Several other projects in pipeline are being considered to mitigate individual
project risk in Ontario and elsewhere;
 Good geology equates to high potential for discovery!!!
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19. Black Widow Resources Inc.
Suite 304 - 65 Front St. E.,
Toronto, ON
M5E 1B5
Neil Novak, P.Geo. (President/CEO)
Email: nnovak@blackwidowresources.com
Tel: (416) 203 8636
Fax: (416) 815 1355
http://www.blackwidowresources.com
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