Gold Hawk Resources Inc.

Gold Hawk Resources Inc.

August 02, 2006 10:39 ET

Gold Hawk Resources Receives Certificate of Mining Operation for the Tamboraque Mine in Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2006) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:CGK) is pleased to announce that its' wholly owned subsidiary, Cia. Minera San Juan (Peru) S.A. (CMSJ) has received regulatory approval of the mining plan for the Tamboraque Mine and was issued a Certificate of Mining Operations (COM). This authorization allows the mine to be rehabilitated, explored and readied for production and is a prerequisite for the other permits that are required to begin commercial production, which is expected to commence in the fourth quarter of 2006.

All mining companies in Peru must complete and submit a mine closure plan by August 15, 2006. The CMSJ closure plan is in the process of being completed and will support the permitting of the plant facilities and the existing tailings disposal site. CMSJ expects to complete this permitting process by the beginning of the fourth quarter and request authorization to commence commercial production

At the present time, the mill rehabilitation is virtually complete and there are approximately 120 workers on site. Once the mine development commences, the number of workers will increase and when in full operation, the mine will employ approximately 600 people. The mine when in production will have a significant positive impact on the local economy where employment opportunities are scarce. It is worth noting that the Company has received strong support for the reopening of the mine from the vast majority of the population of the local communities and the regional authorities that will be impacted by the mine.

Gold Hawk is a Canadian natural resource company, based in Vancouver, B.C., engaged in the exploration, development and operation of precious and base metal mines. In addition to 100% ownership of the Tamboraque Mine, the Company has exploration properties in Peru and Quebec, Canada.

This press release includes "forward looking statements", within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources; the uncertainty of resource estimates and the ability to economically exploit resources; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Gold Hawk to obtain all permits, consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of Gold Hawk to fund the capital and operating expenses necessary to achieve the business objectives of Gold Hawk, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by Gold Hawk. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Gold Hawk should not place undue reliance on these forward-looking statements.

Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this press release are made as of the date hereof and Gold Hawk undertakes no obligation to update publicly or revise any forward-looking statements contained in this press release or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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