Hawkeye arranges $40,000 private placement

Mr. Greg Neeld reports HAWKEYE ANNOUNCES $40,000 NON-BROKERED PRIVATE PLACEMENT Hawkeye Gold & Diamond Inc. intends to arrange for a non-brokered private placement to sell non-flow-through units at a price of five cents per common unit and flow-through units at a price of six cents per flow-through unit. The offering will raise total proceeds of up to $40,000. Each common unit will consist of one non-flow-through common share of the company and one-half of a transferable share purchase warrant, with each such warrant entitling the holder to acquire one common share at a price of 10 cents per common share for a period of 24 months following closing of the offering. Each flow-through unit will consist of one flow-through common share of the company and one-half of a transferable share purchase warrant, with each such full warrant entitling the holder thereof to acquire one non-flow-through common share at a price of 12 cents per common share for a period of 24 months following closing of the offering. If, at any time after the closing date, the corporation's common shares have a closing price of 15 cents or more per share for 10 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 and flow-through units that such warrants will expire 30 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 a 30-day period. None of the warrants issued pursuant to the offering will be listed for trading. The common units, the flow-through units and the underlying securities issued pursuant to the private placement offering will be subject to a four-month-plus-one-day hold period from closing of the offering in accordance with applicable securities legislation, and completion is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. Finders' fees may be paid on all or a portion of the offering. Proceeds will be used for work programs and general working capital purposes. About Hawkeye Gold & Diamond Inc. Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C., Canada. The company owns a 100-per-cent interest in the Bonanza property, which is a high-grade copper, gold, silver skarn/porphyry prospect located on the northern region of Vancouver Island, British Columbia, Canada. The company owns three 2-per-cent royalty interests which are subject to buydown provisions on the Railway, McBride and Todagin properties located in the Golden Triangle of northwestern B.C. 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. We seek Safe Harbor.