🕐09.03.11 - 17:54 Uhr

Hawkeye Gold (HGO.v) Enters New Yukon Gold Rush



HAWKEYE GOLD & DIAMOND INC.

ENTERS NEW YUKON GOLD RUSH Symbol C : HGO <../Quote/Detail.aspx?symbol=HGO®ion=C> Shares Issued 15,771,547 Hawkeye Gold & Diamond Inc.

has entered the new Yukon gold rush by executing three separate letter agreements to acquire a 100-per-cent interest in each of the Dart, Mint and Top properties from the Yes Exploration Syndicate Inc.

The properties are situated in the Carmacks Caldera located 125 kilometres northwest of Whitehorse.

The Carmacks Caldera is inferred to be a volcanic-related subsidence structure (collapsed volcano) that hosts significant northwest-trending geological structures and has important gold geochemical signatures. The Top property totals 4,511 hectares located 12 kilometres southwest of Northern Freegold Resources Nucleus gold-silver-copper deposit (1.4 million ounces AuEq) and 20 kilometres northwest of the past-producing Mt.

Nansen high-grade gold-silver mine (556,500 tonnes grading 11.93 grams per tonne (g/t) gold and 211 g/t silver).

The Top is situated along a northwest-trending fault structure that appears to be the structure that passes through the Mt Nansen mine area to the southeast.

Top is 59 km northwest of Carmacks and 207 km northwest of Whitehorse. The Dart property totals 500 hectares and is located 58 km southwest of Carmacks and 175 km north-northwest of Whitehorse.

The property is underlain by a significant magnetic high anomaly, which occurs at the intersection of northwest- and northeast-trending fault structures.

Dart has significant gold geochemical anomalies in streams draining the property.

The property is situated approximately 22 kilometres south-southwest of the Mt.

Nansen gold-silver mine. The Mint property totals 1,900 hectares and is located 20 km southwest of Carmacks and 153 km northwest of Whitehorse.

The property is situated approximately 39 km southeast of the Mt.

Nansen gold-silver mine.

The Mint is located at the intersection of several northwest and northeast fault structures.

A strong stream sediment gold anomaly (301 parts per billion (ppb)) is found in a stream draining the north end of the property. Consideration for the properties will be disclosed upon TSX Venture Exchange acceptance for the properties. The letter agreements for the Dart, Mint and Top properties are subject to the company completing definitive option agreements and TSX-V acceptance.

Ed Harrington, PGeo, a qualified person as defined by NI 43-101, has reviewed this news release and approves all scientific and technical disclosure.
"Greg Neeld"
President & CEO
Toll Free: 1-800-665-3624 Email: Vancouver: 1-604-878-1339 Web Site: www.hawkeyegold.com



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