HAWKEYE CLOSES $60,000 PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R4017): announces it has received TSX Venture Exchange acceptance for and closed upon a non-brokered equity private placement that was originally announced on September 26, 2023 (news release No. 389 – 2023). The placement closed by the Company issuing 1,200,000 common units at a price of $0.05 per share raising total proceeds of $60,000.

Each common unit will consist of one common share of the Company and one half of a share purchase warrant, with each such warrant entitling the holder to acquire one additional common share at a price of $0.10 per common share for a period of twenty-four (24) months expiring May 1, 2026.

With regards to the share purchase warrants, if at any time the Corporation’s common shares have a closing price of $0.15 (CDN) or more per share for ten consecutive trading days on the TSX Venture Exchange, the Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the common units that such warrants will expire thirty days from the date of mailing of such notice or the news release of such notice, unless such warrants are exercised before the expiry of that period, and in such event all unexercised warrants will expire at 4:30 p.m. (Vancouver time) on the last day of such thirty day period. None of the warrants issued pursuant to the Offering will be listed for trading.

The Common Units and the underlying securities issued pursuant to the private placement will be subject to a four month plus one day hold period expiring September 2, 2024.

There is a total of $3,600 in cash for finder’s fees payable in connection with this placement.

Proceeds will be used for possible acquisitions, trades and general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company’s properties are located in the world-class Barkerville gold camp situated in the historic Cariboo Mining District of central BC, and on Vancouver Island, BC, Canada.  The Company owns four 2% royalty interests which are subject to buy-down provisions on the Railway, McBride, Boomerang and Todagin properties located in the Golden Triangle of northwest BC. 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.