Carlyle Commodities Corp. announced the Company's phase 2 drilling strategy at its 100% owned Newton Gold Project near Williams Lake, British Columbia. Test higher grade, near surface extensions of the current inferred resource.

Tie in historical step out locations from the current inferred resource to potentially increase the inferred resource. Drill testing a 4th highly prospective felsic unit in the northwest area of the property. Continue to define the ultimate resource & development potential of the Newton project.

The initial portion of the Company's phase 2 drill campaign is anticipated to include approximately 7 drill holes and 1,500 meters total drilling, at an average depth of 200 meters per hole. The Company intends to expand this drill program once work is underway. The proposed locations have been plotted after close review of various geological, geophysical, geochemical, geotechnical, and historical drill data.

Project Highlights. The Newton Gold Project is a large, bulk tonnage, low - to intermediate-sulphidation, epithermal gold deposit with nearly 35,000 m of drilling exploring and developing the historical resource, primarily between 2009-2012. Updated inferred pit-constrained mineral resource contains 861,400 oz of Au, and 4,678,000 oz of Ag with an average grade of 0.63 g/t Au, a cut off of 0.25 g/t Au throughout 42,396,600 tonnes.

Blackwater has a measured + indicated resource estimated at 11.7 million ounces Au and 122 million ounces of Ag.