We present five-dimensional extreme black hole solutions of M-theory compac
tified on Calabi-Yau 3-folds and study these solutions in the context of fl
op transitions in the extended Kahler cone. In particular, we consider a sp
ecific model and present black hole solutions, breaking half of N = 2 super
symmetry, in two regions of the extended Kahler cone, which are connected b
y a Bop transition. The conditions necessary to match both solutions at the
flop transition are analysed. Finally, we also discuss the conditions to o
btain massless black holes at the flop transition.