Hawkeye Gold & Diamond Inc.
TSX VENTURE : HKO

Hawkeye Gold & Diamond Inc.

October 03, 2007 09:00 ET

Hawkeye Gold & Diamond Inc.: Dixie Bell & Dedee Rhode Gold Projects-Red Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 3, 2007) - HAWKEYE Gold & Diamond Inc. (TSX VENTURE:HKO) is pleased to report that its geologists will be evaluating the Company's Dixie Bell and Dedee Rhode gold projects which are positioned in the Dixie Lake region of the Red Lake mining district located in northwest Ontario. The Properties are situated some 20 kilometres south of GoldCorp's prolific Red Lake mine. These properties are contiguous to those of Grandview Gold where favourable results recently were announced from its drilling programs. Following the Grandview release, Hawkeye experienced significant increases in trading volume. Hawkeye holds a 100% interest in the Dixie Bell and Dedee Rhode projects.

HAWKEYE GOLD & DIAMOND INC.

Greg Neeld, President & CEO

CUSIP NO: 42016R 10 4

12g3-2(b):82-2435

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