Gold Hawk Resources Inc.
TSX VENTURE : GHK

Gold Hawk Resources Inc.
Oracle Mining Corp.

Oracle Mining Corp.

August 15, 2011 16:05 ET

Gold Hawk Completes Name Change to Oracle Mining Corp.

Oracle Mining Corp. to Begin Trading August 16 Under Its New Symbol "OMN"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2011) - Gold Hawk Resources Inc. (TSX VENTURE:GHK) is pleased to announce that it has officially changed its name to Oracle Mining Corporation ("Oracle Mining" or the "Company"). Shares for the Company will commence trading under the TSXV ticker symbol "OMN" (CUSIP 68404G103; ISIN CA 68404G1037) on August 16, 2011.

The change of name is intended to better reflect the Company's focus on growth of its primary asset, the Oracle Ridge Copper Mine, as well as the intention to acquire and develop additional projects that offer superior shareholder returns.

Shareholders approved a special resolution to effect the name change at the Company's Annual and Special General Meeting held June 7, 2011.

About Oracle Mining Corp.

Oracle Mining Corp. (TSX VENTURE:OMN) is a Vancouver, Canada-based company with a focus on uncovering overlooked deep-value projects to achieve superior shareholder returns. The Company is the sole owner and operator of Oracle Ridge Mining LLC and copper mine located 24 km northeast of Tucson, Arizona. Oracle Mining has cash on hand of approximately $15 million, minimal long-term debt and is managed by an experienced team of mining professionals with extensive operating and financial experience.

Forward-looking Statement Disclaimer

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 Oracle Mining Corp. (hereinafter referred to as the "Company") does not intend, and does 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 www.sedar.com. 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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