Black Widow Resources Inc. is a mining exploration and development company that has assembled a portfolio of three early stage exploration projects located in Ontario, Canada. The projects have potential for gold, base metals, and diamonds. BWR plans to advance these projects through exploration programs to increase their value with the goal of attracting partners for future development. The company recently completed an IPO raising over $1.1 million to fund exploration activities at its projects. Key among these is the Gremlin project, located near VMS and MMS deposits in the Ring of Fire area, where geophysics has outlined targets warranting drill testing. BWR is led by an experienced management team with a track record of successful discoveries.

1. A “New” Mining Exploration/Development Company
assessing and conditioning projects
as Exploration/Development Assets
(October 2013)
TSX Venture: BWR
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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.
TSX Venture: BWR
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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 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 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, 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 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 assessing and conditioning 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 -14) is utilize funds resultant from early 2013 Initial Public Offering
($1.1million raised) to maintain and advance 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.
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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
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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
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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

Founders have participated in all stages of financing to date.
TSX Venture: BWR
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8. Gremlin Project
100% interest
VMS, MMS (base metal)
property
Santa Maria Gold Project
70% interest
Au + Base Metal property
“Ring of Fire”
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 (additional
1200 hectares) staked;

Met earn-in requirements
in April 2012 from New
Klondike

Phase 1 (2013) $100K exploration program including
line-cutting over EM anomalies, ground geophysics plus
visits to each gold occurrence, to be followed by$500K
diamond drilling program in phase 2 (2014)
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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, narrow quartz veins assayed up to 1.01
ounces/ton gold

Snake Bay: gold showing

Thundercloud Lake: gold showing

Gold Rock: gold showing
TSX Venture: BWR
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11. 
Treasury Metals Inc. (TSX:TML) Goliath Gold project has advanced to Preliminary Economic Assessment,
using 0.30 g/t Au cutoff (pit), 1.5 g/t Au cutoff (underground), 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, Coventry's 100%-owned Cameron Gold deposit
hosts Measured and Indicated Mineral Resources of 567,000 ounces of gold at 2.45 g/t, and an Inferred
Mineral Resource of 829,000 ounces of gold at 2.11 g/t , CVY announces merging with Chalice Gold Mines
Sept 2013 (Wall Street Journal, ASX website),

Rainy River Resources (TSX:RR) Rainy River project, using 0.35 g/t Au cutoff (pit) and 2.5 g/t Au cutoff
(underground), 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)

Tamaka Gold Corporation (private company) Goldlund Project, using 0.5 g/t Au cutoff, NI 43-101 compliant
resource estimate of 1 million ounces of gold in measured, indicated and inferred categories (233,700 ounces
measured, 143,300 ounces indicated and 628,000 ounces inferred) (ref. company website)
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12. 


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 followup
MaxMin, exploration
program completed
Jan/Feb 2012;
Great REversed Magnetic LINear
Kyle Kimberlites
Noront’s Eagles Nest
Cliff’s VMS deposits
Project is drill
ready, spent $250K
(2013) as phase 1,to be
followed by phase 2
where $750K allocated
to drilling
Cliff’s Chromite Deposits
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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

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
Airborne Geophysical Compilation of Gremlin Claims
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14. VMS or BIF
Targets
VMS or BIF Targets
MMS (Eagle Type) Targets
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15. Noront’s Eagle nest (HLEM)
BWR’s S1 anomaly (HLEM)
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16. BWR’s S1 anomaly (HLEM + Airborne Vertical Gradient Magnetics)
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17. 
Signed Purchase agreement Feb 2012 to
acquired 59.8% interest in property whereby:
1. BWR paid $200K (issued 2 million shares at
$0.10 per share),
2. BWR to make 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
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18. 
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)
Main Zone 3.53% Cu over 5 meters
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19. Q1 – 4 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 drillplans ($100,000) *
Initiate work program on Shunsby Project, compilation of historical data, review historical
resource estimates, finalize NI 43-101 report on project ($50,000) *
Q1-4/ 2014
Phase 2 at Santa Maria – Continue ongoing assessment, Drill Testing (if warranted)
Phase 2 at Gremlin Project - Drill Testing (if warranted)
Phase 2 on Shunsby Project, linecutting, IP surveying, drill Testing (confirmatory)
* Denotes completed
TSX Venture: BWR
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20. 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
warrants)
$0.20
6,918,950
$1,383,790
Post-IPO Shares Outstanding
21,178,000
TSX Venture: BWR
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21. 
Management’s proven track record and exceptional experience with discoveries in
Ontario and elsewhere;

Santa Maria Project has gold and base metal potential, nearby projects are being
prepared for development, in excess of 12 million ounces gold identified by other
operators in Dryden area;
 Management is intimately familiar with the “Ring of Fire” area where two advanced
projects are currently being prepared for development (by Cliffs and Noront ),
Gremlin project has VMS and MMS (base metal) potential;

Early stage exploration provide significant upside for investors allowing investors to
“speculate on the market trends” during exploration/discovery phase;

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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22. 
Considering up to $1.5 million flow through financing including ½ warrant (price to
be set in context of market);

Considering up to $1.o million hard cash financing including full warrant (price to be
set in context of market);
 Flow through exploration program to continue on (a) Shunsby, (b) Santa Maria and
then(c) Gremlin (order of priority).
 Shunsby, $500,000 in linecutting, trenching, IP survey, confirmatory drilling
 Santa Maria, $500,000 in linecutting, trenching, prospecting, geological mapping,
eventual drill tests.
 Gremlin, $500,000 in additional geophysics, followed by diamond drilling
 Hard cash funds to be used for general working purposes, new project acquisitions
TSX Venture: BWR
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23. Black Widow Resources Inc.
Suite 304 - 65 Front St. E.,
Toronto, ON
M5E 1B5
Neil Novak, P.Geo. (President/CEO)
E: nnovak@blackwidowresources.com
T: (416) 203 8636
Jeanny So, CHF Investor Relations
E: jeanny@chfir.com
T: (416) 868-1079 x 225
www.blackwidowresources.com
TSX Venture: BWR
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