July 4th, 2016
News Release No. 251 - 2016
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

HAWKEYE UPDATE REGARDING $150,000 PRIVATE PLACEMENT

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HGO): announces subsequent to the Company’s news release dated April 22, 2016 whereby the Issuer announced a $150,000 non-brokered private placement, it has filed documentation with the TSX Venture Exchange to close the private placement by selling 3,070,000 units (the “Units”) in the capital of the Company at a price of $0.05 per Unit for total proceeds of $153,500 (Cdn.). Each Unit shall consist of one (1) common share in the capital of the Corporation and one half share purchase warrant. Each Warrant will entitle the holder to purchase one (1) additional Share for seven and a half cents ($0.075) at any time prior to 4:30 p.m. (Vancouver time) on the date which is twelve months from the Closing Date, 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. $0.10 or more per Share for ten (10) consecutive trading days on TSX-V, the Corporation shall be entitled to give notice to the holders of the Warrants, that the Warrants will expire thirty (30) days from the date of mailing or news release 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 thirty (30) day period. Proceeds from the private placement will be used for trades, general working capital and property acquisition. 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 a finder’s fees totaling $10% cash and 10% warrants will be paid in connection with the private placement. The warrants have the same terms as the private placement warrants attached to the Units.

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 from 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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