Redhawk Resources, Inc.

Redhawk Resources, Inc.

January 15, 2008 09:00 ET

Redhawk Announces Assays of up to 3.35% Copper on Last Holes of Phase 1 Drill Program at Copper Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Redhawk Resources, Inc. ("Redhawk or the "Company"")(TSX VENTURE:RDK)(FRANKFURT:QF7) is pleased to advise that it continued to encounter significant copper grades in the final two core holes of its 15,000 foot 2007 Phase I core drilling program. This drill program, which was designed to expand and upgrade resources in the Mammoth Breccia and test other breccia bodies where historical drilling contained potential "ore grade" intercepts, was completed in late 2007.

Nine angle core holes were completed on the Mammoth Breccia totaling 8,554.5 feet (2,607.4 meters) and two holes were abandoned well before the target zone due to deviation from the intended azimuth. In addition, one drill hole was completed on one of the Globe-Glory Hole breccias where historical drilling indicated potential "ore grades".

Significant results for the two final Mammoth Breccia core holes, designed to test the northern limit of the breccia, are listed below:

Hole ID From feet To feet Interval feet Cu% Mo% Ag OPT

RMM-07-012 688 712 24 3.35 0.001 0.357
752 796 44 0.98 0.001 0.087
RMM-07-013 600 630 30 1.47 0.007 0.157

OPT equals Troy ounces per short ton

The results from the first seven drill holes completed in early 2007 on the Mammoth Breccia, as reported in the Company's March 5, 2007 and June 7, 2007 News Releases, also provided significant copper and silver values.

One core hole was completed on one of four breccia bodies in the Globe-Glory Hole area with positive results. The hole was vertical and drilled to intercept the interpreted plunge of the breccia body. The significant results are listed below:

Hole ID From feet To feet Interval feet Cu% Mo% Ag OPT

RGC-07-014 163 248 85 0.63 0.002 0.05
248 253 5 workings encountered
253 273 20 0.86 0.002 0.09
326.5 405.5 79 1.16 0.002 0.13
433 491.4 58.4 1.30 0.001 0.17

Drill core samples and pulp standards relating to the 2007 Drill Program were trucked or hand delivered to ALS Chemex's prep facility in Elko, NV and sent to the ALS Chemex Vancouver, BC or Reno, NV laboratory for analysis.

2008 Phase II Drill Program

The 2008 deep drilling program to expand and provide some infill assay and rock quality data on the American Eagle porphyry is now underway with nine holes rotary drilled and collared in ready form for deeper core drilling to take place. One rotary and one core drill rig is now on site with a further two core rigs expected to be in operation by early February. The total Phase II Program is planned to include about 17,000 feet of rotary drilling and 53,000 feet of core drilling. Although the American Eagle porphyry system is open in all directions and to depth, the key objective of the expansion drill program is to connect the higher-grade Keel Zone "porphyry like" mineralization encountered below the Mammoth Breccia with the similar American Eagle resource located to the Southeast. If the infill drilling between the Keel Zone and American Eagle confirms the continuity of the two deposits and produces similar mineralization, the result should be a very significant expansion in the current resource figures reported in the November 26, 2007 Technical Report prepared by Independent Mining Consultants ("IMC") of Tucson, AZ.

The NI 43-101 compliant Inferred Resource completed by IMC estimated a resource in the American Eagle porphyry of more than 110 million tons at a grade of 0.70% copper and 0.014% molybdenum or 0.81% copper equivalent (CuEq equals Mo x 8 plus Cu) based upon a copper equivalent cutoff grade of 0.60%. This cutoff is based on IMC's preliminary estimates of mining, processing and G&A costs and $1.50/lb copper and $12.00/lb molybdenum prices. The contained copper in the American Eagle is estimated at over 1.5 billion pounds and 30 million pounds of molybdenum in-situ. The total estimated copper equivalent contained in-situ in the Inferred Resource category is 1.78 billion pounds. Copper equivalent grades for the American Eagle deposit are not adjusted for metallurgical and refining recoveries. The American Eagle NI 43-101 technical report has been filed on SEDAR.

For the NI 43-101 compliant breccia resources previously compiled, the total estimated contained copper equivalent using a 0.75% copper cutoff in the Measured and Indicated Resource categories is 212,354,000 pounds and 123,591,000 in the Inferred Resource category. The deposits contain 6.387 million short tons of Measured and Indicated Resource grading 1.51% Cu, 0.019% Mo, 0.003 opt Au, and 0.10 opt Ag (1.71% CuEq) plus 3.572 million short tons of Inferred Resource grading 1.40% Cu, 0.034% Mo, 0.005 opt Au, and 0.05 opt Ag (1.73% CuEq equals Copper + Mo x 7.86 + Au x 8.36 + Ag x 0.36). The CuEq grades used for the breccias are after adjustment for metallurgical and refining recoveries. These resource calculations do not take into account the results of the 2007 Drill Program reported above and in previous news releases.

The American Eagle model area contains 63 drill holes totaling 160,238 feet of predominantly core drilling. The holes are generally spaced about 500 feet apart and have been downhole surveyed. There are 10,446 assay intervals, 10,241 with copper assays and 5,872 with molybdenum assays. There are a number of significant gold and silver assays over composited lengths of holes, but the current resource assigns no value for gold and silver. The 2008 drilling and work program on the American Eagle porphyry will include gold and silver assays which from historical drill results have been significant enough to materially improve the CuEq value of the overall American Eagle resource. In addition, the historical drill data on the American Eagle contained significantly fewer molybdenum assays than copper assays and for those intervals with no molybdenum assays, a minimal molybdenum assay of 0.005% was used for the calculation which reduced the overall average to 0.014%. The IMC technical Report indicated that a reduction in the CuEq cutoff from 0.60% to 0.55% had the effect of increasing the size of the American Eagle resource by 37.2% from 110.02 million tons to 150.90 million tons and only reducing the CuEq values by 0.06%. The combination of additional assay data for gold, silver and molybdenum from the 2008 Drill Program currently in progress has the potential to materially increase overall CuEq values for the American Eagle resource. The addition of these assay values also has the potential to significantly increase the size of the American Eagle inferred resource.

R. Joe Sandberg, CPG, Redhawk's President and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The Company also has two gold/silver properties of merit in Nevada.

The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The district hosts high grade copper- molybdenum mineralization in shallow breccia pipes and deeper "porphyry- like" mineralization.


Douglas F. Good, Chairman

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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