November 15th, 2011
News Release No. 220
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

HAWKEYE amends Private Placement

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) announces subsequent to news release 217 whereby the Company announced a non-brokered private placement for $300,000 at a price of $0.13 per share that it has amended the terms of the placement. Management has arranged for the placement to be amended by HAWKEYE selling up to 8,181,818 Units in the capital of the Company at a price of $0.055 per share raising the company total proceeds of $450,000. Each Unit will consist of one (1) common share and one share purchase warrant. Each warrant will entitle the holder to purchase one (1) additional share at a price of $0.10 prior to 4:30 p.m. (Vancouver time) on the date which is nine (9) months from closing and $0.15 per share prior to 4:30 p.m. on the date which is nine months from the end of the first nine month period at which time the Warrants will expire; provided that if at any time after the Closing Date the Corporation’s Shares have a closing price of Cdn. $0.20 or more per share for fifteen (15) consecutive trading days on the TSX-V, the Corporation shall be entitled to give notice to the holders of the Warrants, that the Warrants will expire 15 days from the announcement of such notice unless exercised before the expiry of that period, and in such event all unexercised Warrants will expire at 4:30 p.m. (Vancouver Time) on the last day of such 15 day period.

The private placement will be subject to a four (4) month hold from closing and completion is subject to receipt of applicable regulatory approvals and finder’s fees may be paid on a portion of the offering. Proceeds from the private placement will be used for general working capital and work program property expenditures.

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 upon the exploration and development of its TOP, DART and MINT Properties located in the Yukon, Canada. HAWKEYE’s corporate philosophy is to build strong asset value through diversification, the acquisition of low-cost high potential mining opportunities worldwide, managing our business activities in an environmentally responsible manner while contributing to the well-being of the local community and economy. Our goal is to ultimately achieve full time commercial production of our projects for significant growth and early returns on investment to maximize shareholder value.

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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