HAWKEYE SEEKS SHAREHOLDER APPROVAL FOR NEWCREST ACQUISITION AT ITS UPCOMING MEETING OF ITS SHAREHOLDERS

Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce that it has called a meeting of its shareholders to be held on May 31, 2022 (the “Meeting”) to pass an ordinary resolution approving the sale of 100% of the Company’s interests in the mineral claims forming the McBride, Railway, Boomerang and Todagin properties (the “Properties”) to Newcrest Red Chris Mining Ltd., a wholly-owned subsidiary of Newcrest Mining Limited  (Australian Stock Exchange: NCM, Toronto Stock Exchange: NCM, Papua New Guinea Exchange: NCM) for total cash consideration of CAD$1,400,000 and a 2% net smelter returns royalty that is subject to buydown provisions (the “Transaction”), all pursuant to an Asset Purchase Agreement between the Company and Newcrest dated March 18, 2022 (the “Agreement”).  The Agreement was announced by a news release dated March 21, 2022, and the Meeting was announced on March 31, 2022.  All proxy materials for the meeting have been mailed to shareholders and are available for viewing on SEDAR at www.sedar.com.

Hawkeye received conditional approval for the Transaction from the TSX Venture Exchange (the “Exchange”) on April 22, 2022.  Final approval for the Transaction is conditional, among other things, upon receipt of shareholder approval of the Transaction by a simple majority of shareholder votes.  If such approval is obtained and the Company receives TSX Venture Exchange approval for the transaction, the Closing Date of the Proposed Transaction is expected to occur within 3 business days after all closing conditions in the Agreement are satisfied.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company’s precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp situated in the historic Cariboo Mining District of central BC, and on Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.