HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V:HKO announces that it has completed a private placement that was previously announced on September 11, 2009 (news release No. 185) by issuing 7,500,000 common shares in the capital of the Company at a price of $0.01 per share raising total proceeds of $75,000. The placement is subject to a four (4) month hold period expiring February 21, 2010.

A 5 % finders’ fee was paid cash in connection with the closing of the placement.

Proceeds will be used for property acquisition, trade and general working capital purposes.