Gold Hawk announces non-brokered private placement

Gold Hawk Resources Inc., a Canadian based precious and base metals producer with reserves and resources containing gold, silver, lead, zinc and copper, has undertaken a non-brokered private placement of up to 55,000,000 common shares at a price of $0.06 per share for gross proceeds of $3,300,000.

The private placement is subject to regulatory approval.

The company anticipates closing the private placement by early next week. All securities distributed pursuant to the private placement will be subject to a hold period of four months following closing.

The company has plans to use the funds for expenditures related to its Coricancha mine and general corporate purposes.