HAWKEYE Acquires Claims on Vancouver Island, Updates Barkerville Rock Sample Results

About this update from Hawkeye Gold & Diamond Inc.

HAWKEYE Acquires Claims on Vancouver Island, Updates Barkerville Rock Sample Results (TheNewswire) May 17, 2023 – TheNewswire - Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the “Company” or "HAWKEYE") (TSXV:HAWK ) ; ( Frankfurt:HGT ) ; ( WKN:A12A61 ) ( ISIN: CA42016R4017 ): announces that is has entered into a Sale and Purchase Agreement (the “Agreement”) to purchase three properties (the “Property”) located on the northern end of Vancouver Island, British Columbia, Canada. The 227.02-hectare Property is located approximately 110 kilometres northwest of Campbell River and 69 kilometres southeast of Port Hardy.  The Property encompasses the historical Bonanza Pit copper, gold, silver, zinc and magnetite skarn prospect, which has been subject to intermittent exploration over the years since its discovery in 1959. The three properties are the same claims that formed HAWKEYE’s original Bonanza property.  Upon purchase of the Property under the terms as described directly hereunder the Company will own a 100% interest in the Property and no net smelter return royalty will be retained by the vendor. Terms of Sale HAWKEYE may purchase the Property by issuing the arm’s length vendor a total of 150,000 shares in the capital of the Company upon the Property being transferred to the Company.  The shares will be issued with two different hold periods.  75,000 shares will be issued with a resale restriction for six months from the date that the TSX Venture Exchange (TSX.V) issues its final bulletin confirming acceptance for the Agreement and the balance of 75,000 shares w ill be issued with a twelve month hold period from TSX.V acceptance for the acquisition. The Agreement is not subject to any finders’ fees. Barkerville Rock Sample Results During August 2022 the Company completed various work programs over its Barkerville properties and results were announced on September 8, 2022 (news release No. 382 – 2022).  During the program a total of 23 rock samples were collected and submitted to SGS Labs in Burnaby for assaying.  No significant mineralization was detected in these samples except for one sample taken from the 2 Aces East.  This sample was anomalous for silver and pathfinder elements arsenic and antimony.  Follow-up exp...

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