Gold Hawk Resources Inc.

Gold Hawk Resources Inc.

October 04, 2010 19:08 ET

Gold Hawk Announces Board Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2010) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:GHK) announces today that the Company's Board has accepted the resignation of Director Mr. Gordon F. Bub. Mr. Kevin Drover, Gold Hawk President and CEO, has been appointed Chairman.

Five Directors will now represent shareholder interests: Mr. Kevin Drover (Chairman and CEO), Mr. Paul Eagland, Mr. Greg Liller, Mr. Derek Price and Mr. Michel Tardif.

Mr. Bub became a Director of the Company in 2003 and served as President and Chief Executive Officer of Gold Hawk until July 2007. A mining executive with more than 40 years' experience, he led the negotiation for the acquisition and financing of the Company's previous mining operation in Peru and was instrumental in the survival of Gold Hawk through the challenges presented by the financial crisis in 2008 and 2009.

"Gord has worked diligently to bring value to our shareholders and was instrumental in our acquisition of the Oracle Ridge Mine," said Kevin Drover, Chairman and CEO. "Gold Hawk is positioned to deliver on that commitment going forward. On behalf of the Board and all the members of the Gold Hawk team, I would like to thank Gord for his leadership over the past seven years and we wish him well."

About Gold Hawk Resources Inc.

Gold Hawk (TSX VENTURE:GHK) is a Vancouver, Canada-based company with a focus on uncovering overlooked and undervalued projects to achieve superior shareholder returns. The Company is the sole owner and operator of the Oracle Ridge copper mine project 24 km northeast of Tucson, Arizona. Gold Hawk is debt-free, has working capital of $18 million and is managed by an experienced team of mining professionals with extensive operating experience.

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Gold Hawk Resources Inc. (hereinafter referred to as the "Company") do not intend, and do not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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