July 6th, 2010
News Release No. 195
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

SHARES FOR DEBT SETTLEMENT

HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V: HGO announces that it has arranged for Debt Settlement’s with two arms length creditors by issuing 482,452 common shares in the capital of the Company at a deemed price of $0.15 per share for a total Debt Settlement of $72,367.

The Shares for Debt transaction is subject to regulatory approval.

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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