Hawk Uranium Inc.
CNQ : HAWK
TSX VENTURE : HUI

Hawk Uranium Inc.

July 10, 2007 16:43 ET

Hawk Appoints New Chief Financial Officer and Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - July 10, 2007) - Hawk Uranium Inc. (TSX VENTURE:HUI)(CNQ:HAWK) ("Hawk") is pleased to announce the appointment of Mr. Gaetan Chabot, CA as its Chief Financial Officer. Mr. Chabot received his Bachelor of Commerce from the University of Ottawa and his designation as a chartered accountant in 1974. Mr. Chabot spent 12 years in public practice with a major accounting firm, followed by 13 years in industry with private and public companies in roles that included Vice President Finance and Chief Financial Officer. For the past 10 years, Mr. Chabot's private practice has focused on assisting companies with strategic business planning, operational analysis, financial controls and accountabilities, and mergers and acquisitions. The appointment of Mr. Chabot is conditional upon approval from the TSX Venture Exchange.

Hawk is also announcing that options to purchase a total of up to 1,325,000 of its common shares have been granted to directors, employees and consultants of Hawk or its wholly owned subsidiary, Hawk Precious Minerals USA, Inc. The options are exercisable at $0.35 per share and expire on July 8, 2010.

About Hawk

Hawk has both direct or option interests in a uranium project in Grand Calumet Township, Quebec, one gold exploration property in Ontario, one VMS exploration property in Ontario, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB:WITM). 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. Hawk holds approximately 2.6 million shares of MacDonald Mines Exploration Limited (TSX VENTURE:BMK), which company is carrying out an active exploration program in the McFaulds Lake area of the James Bay Lowlands, the site of a new potential VMS base metal play.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This 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 may differ materially from Hawk's plans and expectations as detailed herein and from time to time in the filings made by Hawk with the CNQ, 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 the TSX Venture Exchange nor the CNQ accepts 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
    (416) 367-1954 (FAX)
    or
    Hawk Uranium Inc.
    Walter Brooks
    Director
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)
    Email: info@hawkuranium.com
    Website: www.hawkuranium.com