Gold Hawk Resources Inc.
TSX VENTURE : GHK

Gold Hawk Resources Inc.

August 17, 2010 18:31 ET

Gold Hawk Shareholders Approve All Resolutions at AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2010) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:GHK) announces today that shareholders have approved all motions presented at the Company's Annual and Special General Meeting held earlier today.

Shareholders re-elected the incumbent Gold Hawk directors at the AGM to serve for the ensuing year: Gordon Bub, Jean Depatie, Kevin Drover and Michel Tardif and new director Derek Price. Mr. Bub will continue to serve as Chairman.

Mr. Price, a retired mining executive, served as Vice President Finance and CFO of Thompson Creek Metals (2003-2008), Vice President, Finance and CFO of Glencairn Gold Corp. (2003-2006) and Vice President, Finance and CFO of Wheaton River Minerals Ltd. (now Goldcorp Inc.) from 1996-2003. The Company has granted Mr. Price 100,000 options to purchase common shares in the capital of the Company, exercisable for a period of five years at a price of $1.22 per share and subject to the terms of the Company's 10% rolling Stock Option Plan re-approved on August 17, 2010 and TSX Venture Exchange approval.

The Board of Directors thanked outgoing director and Audit Committee member William Barnett for his years of service to the Company prior to the acquisition of the Coricancha Mine through to the eventual sale of the project. Mr. Barnett served as director for the Company since 2003 and did not seek re-election due to the demands of his philanthropic interests.

"On behalf of the Board, I thank Bill for his rigorous analysis of all financial and transactional matters through the years," said Mr. Gordon Bub, Chairman.

Shareholders also approved the audited 2009 annual financial statements and appointed Deloitte & Touche L.L.P., Chartered Accountants as the auditor of the Corporation for the ensuing year and that the directors of the Corporation are authorized to fix their remuneration.

Shareholders approved the Company stock option plan and the Independent Shareholders of the Company ratified, confirmed and re-approved the Company's Shareholder Rights Plan.

In addition, Gold Hawk intends to post a new presentation on the Investors page of its website (http://www.goldhawkresources.com/) that provides a business update regarding the proposed acquisition of the Oracle Ridge Copper Mine.

About Gold Hawk Resources Inc.

Gold Hawk (TSX VENTURE:GHK) is a Vancouver, Canada-based company actively exploring business opportunities in the mining sector. The Company has no debt, approximately $19 million in working capital and holds mining concessions at the Barry-Souart property northeast of Val-d'Or, Quebec – a gold mining area with existing mining operations nearby. Gold Hawk is operated by an experienced management team with significant operating experience.

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Gold Hawk Resources Inc. (hereinafter referred to as the "Company") do not intend, and do not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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.

Contact Information