March 9th, 2011
News Release No. 211
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

HAWKEYE ENTERS NEW YUKON GOLD RUSH

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”): Vancouver, British Columbia: Trading symbol: TSX.V: HGO announces that that it has entered the New Yukon Gold Rush by executing three separate Letter Agreements to acquire a 100% interest in each of the DART, MINT and TOP Properties from the YES Exploration Syndicate Inc. The properties are situated in the Carmacks Caldera located 125 km northwest of Whitehorse. The Carmacks Caldera is inferred to be a volcanic-related subsidence structure (collapsed volcano) that hosts significant northwest trending geological structures and has important gold geochemical signatures.

The TOP Property totals 4,511 hectares located 12 kilometers southwest of Northern Freegold Resources’ Nucleus gold-silver-copper deposit (1.4 million ounces AuEq) and 20 kilometers northwest of the past producing Mt. Nansen high grade gold-silver mine (556,500 tonnes grading 11.93 g/t gold and 211 g/t silver). The TOP is situated along a north-west trending fault structure that appears to be the structure that passes through the Mt Nansen Mine area to the southeast. Top is 59 km northwest of Carmacks and 207 km NW of Whitehorse.

The DART property totals 500 hectares and is located 58 km southwest of Carmacks and 175 km north -northwest of Whitehorse. The Property is underlain by a significant magnetic high anomaly, which occurs at the intersection of northwest and northeast-trending fault structures. DART has significant gold geochemical anomalies in streams draining the property. The Property is situated approximately 22 kilometers south-southwest of the Mt. Nansen gold-silver mine.

The MINT Property totals 1,900 hectares and is located 20 km southwest of Carmacks and 153 km northwest of Whitehorse. The Property is situated approximately 39 km southeast of the Mt. Nansen gold-silver mine. The MINT is located at the intersection of several northwest and north-east fault structures. A strong stream sediment gold anomaly (301 ppb) is found in a stream draining the north end of the Property.

Consideration for the Properties will be disclosed upon TSX acceptance for the Properties.

The Letter Agreements for the DART, MINT and TOP Properties are subject to the Company completing definitive option agreements and TSX acceptance.

Mr. Ed Harrington, P.Geo, a qualified person as defined by NI 43-101, reviewed this news release and approves all scientific and technical disclosure.

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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