Hawk Uranium Inc.
TSX VENTURE : HUI

Hawk Uranium Inc.

March 11, 2008 15:09 ET

Hawk Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is announcing that options to purchase a total of up to 380,000 of its common shares have been granted to individuals serving as directors and officers of Hawk. The options are exercisable at $0.28 per share and expire on March 10, 2011.

ABOUT HAWK URANIUM INC.

Hawk has option interests in a uranium project in Grand Calumet Township, Quebec, two VMS/nickel/copper exploration properties in the McFaulds Lake "Ring of Fire" area of Northern Ontario through option or joint venture agreements (one with Noront Resources Inc. and one with MacDonald Mines Exploration Ltd.), one gold exploration property in the Wawa area of Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium property in the Charlebois Lake area of the Northern Mining District of Saskatchewan, one uranium property near the Cluff Lake Uranium Mine within the Athabasca Basin of Saskatchewan, one uranium property in Gila County, Arizona, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB:WITM) ("Wits Basin"). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as 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.

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

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    President
    (416) 214-2250 or 1-866-214-9486
    or
    Hawk Uranium Inc.
    Walter Brooks
    Vice-President
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)
    Website: www.hawkuranium.com