Hawk Uranium Inc.
TSX VENTURE : HUI

Hawk Uranium Inc.

January 14, 2008 11:09 ET

Hawk Announces That Geotech to Fly Helicopter-Borne VTEM Survey Over Its Charlebois Lake Uranium Project, Northern Saskatchewan

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is pleased to announce that it has contracted Geotech Ltd., of Aurora, Ontario to conduct approximately 1,500 km of helicopter-borne Time Domain Electromagnetic Geophysical Survey with a VTEM system over its wholly owned Charlebois Lake Uranium Project in Northern Saskatchewan. Geotech Ltd. is expected to fly the area in February-March, 2008.

The Charlebois Lake Uranium Project is in a structurally complex area, and it is postulated that uranium mineralization was introduced simultaneously with the later stage pegmatite dykes emplacement that was intruded preferentially along complex fault/fracture systems. Dilation zones in the "plumbing" within these fault zones will be the focus of the 2008 Exploration Programme using a handheld RSI Solutions Inc., RS-125 Super Spec Scintillometer, where possible. This instrument is regarded as the most modern "state of the art" Spectrometer available today.

The helicopter-borne Versatile Time Domain Electromagnetic System (VTEM) has a penetration depth of over 800m, with a low Base Frequency (30Hz) for penetration through conductive overburden cover, coupled with a 2-3 metres High Spatial Resolution. This system is advertised to be able to delineate potential drill hole targets from the airborne results. In addition, it also has excellent resistivity discrimination to enable the detection of weak anomalies.

Hawk's Charlebois Lake Uranium Project consist of nine (9) blocks totalling approximately 4254 hectares (or 10,500 acres) and is located in the Charlebois Lake Area , 35 miles E-NE of Stony Rapids, Northern Saskatchewan. The area is known to have a number of uranium showings, and Hawk's Charlebois Lake Uranium Project contains 12 out of 18 known uranium showings in the area. Hawk controls approximately 16.5 km of strike length of this known uranium mineralized trend within its blocks. The uranium mineralized strike length within the Hawk nine (9) claim blocks could be easily and conservatively projected to be in excess 26 km.

The Charlebois Lake area is underlain by The Early Precambrian Tazin Group, consisting of highly metamorphosed biotite bearing impure quartzite, schist, and hornblende gneisses, which have been intruded by granite and granite gneiss that now occupy 70% of the area. Subsequent tectonics resulted in the intrusion of mineralogically similar pegmatites which in the area are described as a pegmatite granite.

Uranium mineralization is spatially and intricately related to these pegmatites.

Michael Newbury, P.Eng, a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Hawk.

ABOUT HAWK URANIUM INC.

Hawk currently has option interests in uranium-related properties in Grand Calumet Township, Quebec; two VMS/nickel/copper/PGE exploration properties in the McFaulds Lake "Ring of Fire" area of Northern Ontario through option or joint venture agreements (one with Noront Resources and one with MacDonald Mines); one gold exploration property in the Wawa area of Ontario; one uranium property in the Elliot Lake Camp of Ontario; one uranium property in the Charlebois Lake Area of the Northern Mining District of Saskatchewan; one uranium property in Gila County, Arizona; and petroleum and natural gas properties in Ontario. Hawk also continues to maintain a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB: WITM). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.

For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to hui@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

CAUTIONARY STATEMENT

This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    President
    (416) 214-2250 or Toll Free: 1-866-214-9486
    (416) 367-1954 (FAX)
    or
    Hawk Uranium Inc.
    Walter Brooks
    Vice President
    (416) 214-2250 or Toll Free: 1-866-214-9486
    (416) 367-1954 (FAX)