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Gold Hawk Plans for Private Placement to Fund Exploration at Oracle Ridge Copper Mine Property

Gold Hawk Resources Inc. (TSX VENTURE:GHK) announces today that, subject to regulatory approval, it intends to carry out a non-brokered private placement offering of up to 6,000,000 common shares at a subscription price of $1.25 per common share (the "Private Placement"), for aggregate gross proceeds of $7.5 million.

The Company intends to use the net proceeds of the Private Placement to fund exploration and development expenditures on the Oracle Ridge copper mine property and for general corporate purposes. No common share purchase warrants will be distributed as part of the Private Placement. All common shares distributed pursuant to the Private Placement will be subject to a four-month plus one day hold period in accordance with applicable securities laws and stock exchange rules.

Upon closing, subject to TSX Venture Exchange approval, Gold Hawk will pay a finder's fee to an arm's length party in the aggregate amount of $450,000, which represents an amount equal to six per cent (6%) of the gross proceeds raised from the Private Placement.

Source: Gold Hawk Resources Inc.

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