March 19th, 2015
News Release No. 241 - 2015
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

CORPORATE UPDATE AND REX PROPERTY STATUS

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”): Vancouver, British Columbia (TSX.V-HGO): announces that Mr. Dan Cardinal, P.Geo (BC and AB and F.G.A.C.) due to being closely involved with a Singapore investment group and representing them in their mineral resource projects in western Canada, will no longer be acting as “exploration advisor” and Qualified Person (QP) for Hawkeye’s Properties. The Company would like to take this opportunity to thank Dan for his loyal and dedicated work and wish him the best in his future endeavours. Also, Mr. Mark Lindsay who has served as VP of exploration for HAWKEYE since May of 2013 gave notice to the Company he wishes to pursue his career as an independent consultant. HAWKEYE thanks him for his contributions and graciously accepts his resignation while wishing him the best in his future activities.

Mr. Greg Neeld, President of the Company stated “Management is disappointed to lose the skills, knowledge and expertise that Mr. Dan Cardinal and Mr. Mark Lindsay brought to HAWKEYE but will move forward quickly to choose replacements for them starting its search at the RoundUp 2015 mining show being held in Vancouver next week. Mr. Neeld further stated that management focus under current brutal but improving mining market conditions is to protect the Company structure, its core assets and add to its management team as we move forward. This strategy should place HAWKEYE in a position to raise funds for it projects and create value for its shareholders when mining markets recover which we believe is around the corner.”

The REX Property, which is in good standing with the Yukon Mining Recorders Office and the Vendor, is a platinum group element (PGE)-Au property consisting of 150 claims totaling 3,120 hectares. The claim block is located 124 kilometers west of Whitehorse and 8 kilometers south of Haines Junction in the Yukon Territory. The REX Property is situated along the Shakwak / Denali Fault system, that transects the Kluane Range Mountains and the Kluane Ni-Cu PGE Belt, home to the ultramafic hosted Wellgreen PGE Deposit. This deposit is 141 kilometers northwest of the Rex property along the Alaska Highway and is under advanced assessment by the Wellgreen Platinum Company. The Wellgreen Deposit has a reported Indicated Resource of 14.4 Mt at 2.23 g/t Pt+Pd+Au, 0.68% Ni and 0.62% Cu, and an Inferred Resource of 446.6 Mt at 0.87 g/t Pt+Pd+Au, 0.31% Ni and 0.25% Cu at a 0.22% NiEq cut-off. The exploration focus in the REX claim block, which is underlain by a large ultramafic intrusion, is directed towards Wellgreen Type ultramafic hosted Ni-Cu-Au-PGE mineralization. Although most of the property is unexplored, a 1987 reconnaissance geochemical survey over the central part of the Rex claims generated anomalous gold, platinum, palladium and copper values. The most extensive area of anomalous platinum (25-60 ppb) and gold (up to 160ppb) extends over an approximate distance of 3,200 meters.

For further information regarding the REX Property please go to our website at www.hawkeyegold.com

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. HAWKEYE’s corporate philosophy is to build strong asset value through diversification, the acquisition of low-cost high potential mining opportunities, 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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