July 18th, 2011
News Release No. 416
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

HAWKEYE COMMENCES WORK ON DART AND MINT PROPERTIES, YUKON

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) is pleased to announce that its 2011 summer work program has commenced over its DART and MINT properties on which the Company owns an option to purchase a 100% interest. 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 DART property totals 624 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. The DART has significant gold geochemical anomalies in streams draining the property. The DART is an epithermal gold-silver and porphyry copper-gold target type. The Property is situated approximately 22 kilometers south-southwest 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) and 52 kilometers southwest of Northern Freegold Resources’ Nucleus gold-silver-copper deposit (1.4 million ounces AuEq).

The MINT Property totals 1,830 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. The MINT Property is also an epithermal gold-silver and porphyry copper-gold target type.

The 2011 program consists of soil sampling, rock sampling, prospecting, and geological mapping to identify new targets. YES Exploration Syndicate, the optionor, is operator on the project.

Technical content has been approved by Edward Harrington, PGeo, a Qualified Person as defined by NI 43-101 and the person planning and supervising the 2011 work.

Visit our new website at www.hawkeyegold.com to learn more about the Company and its DART and MINT Properties.

About the Company

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HGO. The Company is currently focused on the exploration and development of its TOP, DART and MINT Properties located in the Yukon and its Scotia Property situated in northwest British Columbia, Canada. HAWKEYE’s corporate philosophy is to build strong asset value through the exploration, development and ultimate production of its various mineral projects intending to create significant value for our shareholders.

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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