Redhawk Resources, Inc.

Redhawk Resources, Inc.

April 23, 2008 09:00 ET

Redhawk Reviewing Strategic Alternatives to Maximize Shareholder Value

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2008) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) - The Board of Directors of Redhawk is pleased to advise that it has initiated a review of strategic alternatives to identify the most effective means for optimizing value for shareholders from its advanced stage Copper Creek Property in Arizona. To this end management is in discussion with various financial advisors who could potentially assist in the process of identifying partnerships, mergers, financing opportunities or other strategic alliances which would be considered to be in the best interest of the Company's shareholders. There can be no assurance the process will result in any specific strategic or financial transactions and no timetable has been set for its completion. The Company does not intend to make future comments about the status of this process unless there are material developments.

Douglas F. Good, Executive Chairman of Redhawk, commented as follows: "Our Copper Creek property represents a major NI 43-101 compliant resource in the heart of the Arizona's southwestern porphyry copper belt. The estimated contained copper equivalent in the Measured and Indicated category was 212.3 million pounds and in the Inferred category was over 1.9 billion pounds. Full details of the breakdown of these resource figures can be found in the Company's news release dated October 15, 2007. This eighteen square kilometer property is believed to host one of the most prolific breccia outcrops in North America and has the potential of containing a number of large underground porphyry feeder systems. Of the 400+ breccias outcrops identified to date, less than 10% have a drill hole in or nearby."

The Company's 2008 objective is to complete an updated resource calculation taking into account the 2007 and 2008 drill programs undertaken in a small central section of the district, complete a detailed scoping study on the resources discovered to date and complete key baseline studies and exploration development permitting that will set the stage for production to potentially commence in three years.

Mr. Good continued: "The long-term fundamentals for both copper and molybdenum have never been better with some industry proponents believing copper prices will average higher than $3.00/lb for the next five and possibly ten years. By all accounts we are in a long-term bull market for copper and other infrastructure related base metals, including molybdenum - an ideal time to develop a small scalable mining and milling operation targeting the vast number of high-grade breccias on the property, with potential to expand over time into a larger mining plan incorporating the deeper porphyry feeder systems using cash flow from initial operations."

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, Executive 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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