Redhawk Resources, Inc.

Redhawk Resources, Inc.
ReMac Zinc Corp.

ReMac Zinc Corp.

June 05, 2007 19:56 ET

Redhawk Resources, Inc.: Completion of the Qualifying Transaction for ReMac Zinc Corp. (Formerly, OMC Capital Corporation)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2007) - ReMac Zinc Corp. ("ReMac") (formerly, OMC Capital Corporation) (TSX VENTURE:RMZ) and Redhawk Resources, Inc. ("Redhawk") (TSX VENTURE:RDK)(FRANKFURT:QF7) are pleased to announce that, further to their joint news release dated May 29, 2007, the TSX Venture Exchange (the "Exchange") has provided its final acceptance of the Qualifying Transaction and the plan of arrangement (the "Arrangement") involving Redhawk, Redhawk's shareholders, ReMac and ReMac Zinc Development Corp. ("ReMac Development") (formerly ReMac Zinc Corp.). As a result, ReMac Development, which owns the ReMac Zinc Project, has become a wholly-owned subsidiary of ReMac. In addition, ReMac has ceased being a Capital Pool Company, and has become a Tier 2 Issuer, as such terms are defined in the polices of the Exchange. ReMac started trading on the Exchange on June 5, 2007, on a post-consolidated basis, under the new trading symbol "RMZ".

Pursuant to the Arrangement and effective as of June 4, 2007 (the "Share Distribution Record Date"), in exchange for the transfer of all of the issued and outstanding shares of ReMac Development from Redhawk to ReMac, ReMac issued to Redhawk 15,000,000 post-consolidation shares in the capital of ReMac ("ReMac Shares"). The ReMac Shares will be distributed on a pro rata basis to Redhawk shareholders as at the Share Distribution Record Date. As a result, each registered shareholder of Redhawk as at June 4, 2007, will receive such shareholder's pro rata portion of the ReMac Shares. An aggregate of 2,048,550 ReMac Shares distributed to certain principals of ReMac will be subject to an 18 month escrow agreement pursuant to the policies of the Exchange, under which 25% of these shares will be released from escrow as of June 5, 2007, and an additional 25% of these shares will be released from escrow every six months thereafter.

The ReMac Zinc Project

The ReMac Zinc project comprises 164 contiguous mineral claims and is located in southeastern British Columbia 25 km southeast of TeckCominco's zinc-lead smelter complex at Trail, and 16 km north of TeckCominco's Pend Oreille zinc sulphide mine and concentrator. ReMac Development holds an option to acquire the past producing Reeves MacDonald zinc-lead-silver sulphide mine and owns the mineral rights to approximately 30 square km in the adjoining property to the west, which hosts the continuation of the favourable zinc-silver-lead mineralized Reeves limestone unit stratigraphy.

This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Redhawk Resources, Inc. or ReMac Zinc Corp. with respect to its respective performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary for a variety of reasons.

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