Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): wishes to provide an update for a news release dated September 23, 2019 whereby the Company announced a non-brokered flow-through and non-flow-through private placement to sell up to an aggregate of 10,000,000 Units at a price of $0.05 per share for gross proceeds of $500,000 (CDN) . In this release, the Company did not state how it intended to use proceeds received from the financing. Use of proceeds from the funding will be used for general working capital, trades, acquisition and exploration expenditures over its properties including HAWKEYE’s 2019 drill program at its McBride property strategically situated in the Golden Triangle of northwest British Columbia.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company’s precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.

http://www.hawkeyegold.com/2019/10/update-for-non-brokered-private-placement/