November 27th, 2015
News Release No. 245 - 2015
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

REPRICING OF STOCK OPTIONS AND AGM RELATED MATTERS

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V: HGO) announces that its board of directors, subject to shareholder and TSX Venture Exchange (“TSXV”) approval, has approved the re-pricing of a total of 151,666 options to purchase common shares (“Options”) of the Company to an amended exercise price of $0.10 per Option (the “Re-Pricing”). The closing price of the Company’s common shares on the TSXV on November 26, 2015, prior to the approval of the Re-Pricing, was $0.04. A total of 151,666 Options issued on July 9, 2012 with an original exercise price of $0.60 remain outstanding.

The Re-Pricing of the Options will be submitted for TSXV approval shortly and shareholder approval will be sought at the Company’s upcoming Annual General and Special Meeting (“AGM”) to be held on December 23, 2015 for the Re-Pricing of Options issued to insiders of the Company. The Re-Pricing of the Options held by insiders is subject to the approval of a simple majority approval of the Company’s shareholders excluding votes attached to shares beneficially owned by insiders to whom options may be granted under the Company’s stock option plan or associates of such persons. Prior to the Company’s receipt of TSXV and shareholder approval, none of the Options may be exercised at the revised price.

The Company also announces that it has mailed the Notice of Meeting and Management Information Circular in connection with the AGM. At the AGM, in addition to seeking approval of the Re-Pricing, the Company will propose the re-election of Gregory Neeld, Maureen Keremidschieff, Mary-Lee Neeld and Maureen Watson as directors, the re-appointment of Charlton & Company, Chartered Accountants as auditors, the approval of the Company’s 2015 stock option plan, and the receipt of the Company’s annual audited financial statements for the year ended May 31, 2015. Copies of the Company’s meeting materials, including the Management Information Circular and form of proxy, are available on the Company’s SEDAR profile at www.sedar.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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