diff --git a/examples/stm32/f0/stm32f0-discovery/systick_blink/Makefile b/examples/stm32/f0/stm32f0-discovery/systick_blink/Makefile
new file mode 100644
index 0000000..1b3c550
--- /dev/null
+++ b/examples/stm32/f0/stm32f0-discovery/systick_blink/Makefile
@@ -0,0 +1,24 @@
+##
+## This file is part of the libopencm3 project.
+##
+## Copyright (C) 2009 Uwe Hermann <uwe@hermann-uwe.de>
+##
+## This library is free software: you can redistribute it and/or modify
+## it under the terms of the GNU Lesser General Public License as published by
+## the Free Software Foundation, either version 3 of the License, or
+## (at your option) any later version.
+##
+## This library is distributed in the hope that it will be useful,
+## but WITHOUT ANY WARRANTY; without even the implied warranty of
+## MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+## GNU Lesser General Public License for more details.
+##
+## You should have received a copy of the GNU Lesser General Public License
+## along with this library.  If not, see <http://www.gnu.org/licenses/>.
+##
+
+BINARY = systick_blink
+
+LDSCRIPT = ../stm32f0-discovery.ld
+
+include ../../Makefile.include
diff --git a/examples/stm32/f0/stm32f0-discovery/systick_blink/README b/examples/stm32/f0/stm32f0-discovery/systick_blink/README
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+++ b/examples/stm32/f0/stm32f0-discovery/systick_blink/README
@@ -0,0 +1,9 @@
+------------------------------------------------------------------------------
+README
+------------------------------------------------------------------------------
+
+This example is the same as fancy_blink except that it uses the systick timer
+to generate time accurate delays. The blue LED flashes four times per second.
+
+On pin PA9, there is MCO output of internal reference clock. This can be used
+to debug the PLL clock setup by scope.
diff --git a/examples/stm32/f0/stm32f0-discovery/systick_blink/systick_blink.c b/examples/stm32/f0/stm32f0-discovery/systick_blink/systick_blink.c
new file mode 100644
index 0000000..bfcac81
--- /dev/null
+++ b/examples/stm32/f0/stm32f0-discovery/systick_blink/systick_blink.c
@@ -0,0 +1,83 @@
+/*
+ * This file is part of the libopencm3 project.
+ *
+ * Copyright (C) 2013 Chuck McManis <cmcmanis@mcmanis.com>
+ * Copyright (C) 2013 Onno Kortmann <onno@gmx.net>
+ * Copyright (C) 2013 Frantisek Burian <BuFran@seznam.cz> (merge)
+ *
+ * This library is free software: you can redistribute it and/or modify
+ * it under the terms of the GNU Lesser General Public License as published by
+ * the Free Software Foundation, either version 3 of the License, or
+ * (at your option) any later version.
+ *
+ * This library is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+ * GNU Lesser General Public License for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public License
+ * along with this library.  If not, see <http://www.gnu.org/licenses/>.
+ */
+
+#include <libopencm3/stm32/rcc.h>
+#include <libopencm3/stm32/gpio.h>
+#include <libopencm3/cm3/nvic.h>
+#include <libopencm3/cm3/systick.h>
+
+/* Called when systick fires */
+void sys_tick_handler(void)
+{
+	gpio_toggle(GPIOC, GPIO8);
+}
+
+/* Set up timer to fire freq times per second */
+static void systick_setup(int freq)
+{
+	systick_set_clocksource(STK_CSR_CLKSOURCE_AHB);
+	/* clear counter so it starts right away */
+	STK_CVR=0;
+	
+	systick_set_reload(rcc_core_frequency / freq);
+	systick_counter_enable();
+	systick_interrupt_enable();
+}
+
+/* set STM32 to clock by 48MHz from HSI oscillator */
+static void clock_setup(void)
+{
+	rcc_clock_setup_in_hsi_out_48mhz();
+
+	/* Enable clocks to the GPIO subsystems */
+	rcc_periph_clock_enable(RCC_GPIOC);
+	rcc_periph_clock_enable(RCC_GPIOA);
+}
+
+static void gpio_setup(void)
+{
+	/* Select pin functions. PC8/PC9 are the two LEDs on the
+	  STM32F0DISCOVERY board. */
+	gpio_mode_setup(GPIOC, GPIO_MODE_OUTPUT, GPIO_PUPD_NONE, GPIO8 | GPIO9);
+
+	/* set GPIOA to AF 0 */
+	gpio_mode_setup(GPIOA, GPIO_MODE_AF, GPIO_PUPD_NONE, GPIO8);
+}
+
+static void mco_setup(void)
+{
+	/* Enable system clock output on pin PA8 (so it can be checked with a
+	  scope) */
+	rcc_set_mco(RCC_CFGR_MCO_SYSCLK);
+}
+
+int main(void)
+{
+	clock_setup();
+	gpio_setup();
+	mco_setup();
+
+	/* setup systick to generate 2 LED flashes per second */
+	systick_setup(8);
+
+	/* Do nothing in main loop */
+	while(1);
+}