July 6th, 2010
News Release No. 194
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2


HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V:HGO announces that subsequent to a news release dated June 4, 2010 whereby the Company announced that it had arranged for a Debt Settlement with a certain creditor of the Company, the TSX Venture Exchange has accepted for filing the Company’s proposal to issue 633,333 shares at a deemed price of $0.15 per share to settle outstanding debt of $95,000. The Company has issued the 633,333shares.

The shares issued in connection with this Debt Settlement are subject to a four-month hold period expiring November 6, 2010.


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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