West Hawk Development Corp.
TSX VENTURE : WHD
FRANKFURT : H5N

West Hawk Development Corp.

August 05, 2008 19:09 ET

West Hawk Development Corp.: Company Signs Employment Agreement With EVP of Engineering

DENVER, COLORADO--(Marketwire - Aug. 5, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") announces that it has entered into a formal employment agreement with Dr. Andrew P. Schissler, the Company's Executive Vice President of Engineering. Mr. Schissler joined the Company on May 12, 2008.

Under the terms of the Agreement, during the first year of his employment US$45,000 of his base salary will be paid in common shares of the Company in the amount of US$11,250 per calendar quarter. The shares will be issued at a deemed price per share equal to the greater of (i) CAD$0.22, representing a 25% discount to the current market price of the Company's common shares on the TSX Venture Exchange; and (ii) the ten day weighted average trading price of the Company's common shares on the TSX Venture Exchange immediately preceding the end of the relevant quarter, less a 25% discount or the maximum allowable discount permitted by the Exchange.

Issuance of the shares as part of Mr. Schissler's compensation is subject to the prior approval of the TSX Venture Exchange. All shares issued will be subject to a hold period expiring four months and one day from the date of issue.

On behalf of the Board of Directors,

Wm. Mark Hart, President and Chief Executive Officer

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

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