Hawk Uranium Inc.
TSX VENTURE : HUI

Hawk Uranium Inc.

February 22, 2008 11:39 ET

Hawk Announces New Directors, a New Officer and Stock Option Grants

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is pleased to announce that J. Birks Bovaird and Peter M. Hall were elected to its board of directors at the 2008 Annual and Special Meeting of its shareholders held on February 19, 2008.

Birks Bovaird serves on the boards of several mineral exploration and development companies, including TSX-listed Energy Fuels Inc. (where he is Chairman of the Board) and TSX Venture Exchange-listed UNOR Inc. (where he is Chairman of the Audit Committee). He has completed the Directors Education Program at the Institute of Corporate Directors.

Peter Hall is an independent consultant who was CFO of Husky Injection Molding Systems Ltd. from 1981-1997 and who served on Husky's board of directors for more than 15 years.

Vance White, President of Hawk, said: "The election of Birks Bovaird and Peter Hall will increase the depth of Hawk's already capable board of directors. Mr. Bovaird's experience with TSX Venture Exchange-listed issuers and Mr. Hall's financial expertise will be invaluable during the coming years as Hawk continues to expand its exploration activities."

At a meeting of the Board of Directors held following the February 19, 2008 meeting of Hawk's shareholders, Denis S. Frawley, legal counsel to Hawk, was appointed Secretary of Hawk. Mr. Frawley is a partner of Ormston List Frawley LLP and was called to the Bars of Ontario (1998) and New York (1997). He previously practised corporate and securities law in New York, NY from 1998 until his return to Toronto in 2005. In addition to advising Hawk with respect to its acquisitions, its financings and its listing on the TSX Venture Exchange, Mr. Frawley and his firm represent other private and public businesses, including other mineral resource exploration companies listed on the TSX Venture Exchange.

Hawk is also announcing that options to purchase a total of up to 825,000 of its common shares have been granted to its directors and officers and others. The options are exercisable at $0.25 per share and expire on February 18, 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 Toll Free: 1-866-214-9486
    or
    Hawk Uranium Inc.
    Walter Brooks
    Vice-President
    (416) 214-2250 or Toll Free: 1-866-214-9486
    (416) 367-1954 (FAX)