Hawk Uranium Inc.
TSX VENTURE : HUI
FRANKFURT : HPM

Hawk Uranium Inc.

March 30, 2009 11:30 ET

Hawk Announces Approval of Shares for Debt Settlement With Service Providers

TORONTO, ONTARIO--(Marketwire - March 30, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk" or the "Company") announces that it has received approval from TSX Venture Exchange (the "Exchange") for a shares for debt settlement with six of its services providers to settle debt for certain services rendered during the period from November 1, 2008 to January 30, 2009. This settlement was disclosed in the Company's press release of March 20, 2009. In addition, the Company has obtained Exchange approval for a shares for debt settlement with two directors and officers of Hawk, Mr. H. Vance White and Mr. Walter Brooks, for services rendered during the same period. The creditors (including Mr. Brooks and Mr. White) have agreed to settle their respective portions of the debt, in the aggregate amount of $49,661.33, inclusive of GST, in exchange for the issuance of common shares in the capital of the Company ("Common Shares") at a price of $0.10 per Common Share, for an aggregate issuance of 496,614 Common Shares.

About Hawk Uranium Inc.

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the 'Ring of Fire' McFauld's Lake Area of N. Ontario.

More detailed information is available on the website at www.hawkuranium.com.

Cautionary Statement:

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither 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.

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    President
    416-214-2250 or 866-214-9486
    416-367-1954 (FAX)
    or
    Hawk Uranium Inc.
    Corinna de Beer
    Investor Relations
    416-792-0343
    ir@hawkuranium.com
    www.hawkuranium.com