July 28th, 2010
News Release No. 200
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

DEBT SETTLEMENT ACCEPTED

HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V: HGO announces that subsequent to a news release dated July 6, 2010 whereby the Company announced that it had arranged for a Debt Settlement with two arms length creditor’s of the Company, the TSX Venture Exchange has accepted for filing the Company’s proposal to issue 482,447 shares at a deemed price of $0.15 per share to settle outstanding debt of $72,367. The Company has issued the 482,447 shares.

The shares issued in connection with this Debt Settlement are subject to a four-month hold period expiring November 29, 2010.

HAWKEYE GOLD & DIAMOND INC.


Greg Neeld
President & CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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