Hawk Uranium Inc.

Hawk Uranium Inc.

July 02, 2008 11:18 ET

Hawk Commences Exploration on the Cortez Property, Elliott Lake Area, Northern Ontario

TORONTO, ONTARIO--(Marketwire - July 2, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") is pleased to announce that it has commenced field exploration consisting of line cutting, field mapping, ground Magnetic and ground Radiometric Surveys over a number of airborne radiometric anomalies identified from its November 2007 airborne radiometrics, magnetic and VLF-EM survey by Geophysics GPR International Inc., of Longueuil, Quebec on its wholly owned Cortez Property in the Ramsey Lake Area - Elliott Lake Area of Northern Ontario. Completion of this exploration program is expected by the end of August 2008. Once the ground work has been completed and analyzed, the Company will formulate the next stage of exploration that could include drilling. Cortez, a uranium exploration property, consists of 29 staked claims - 453 claim units - and covers approximately 7,284 hectares in the Cortez and Gladwin Townships, Ramsey-Elliott Lake Area, Northern Ontario.

The Cortez Property holds the potential of hosting uranium in pegmatites, migmatites and brecciated contact areas between the older Precambrian metasediments, metavolcanics and granitic intrusive and the younger granitic intrusive which inundated the area. Elevated radioactivity has been found in migmatites, pegmatites and massive granite in close proximity to the diabase intrusive and also in the brecciated contact areas.

The Geology of the entire area is underlain by Early Precambrian metasediments, metavolcanics, intrusive gneiss of Granodiorite and Quartz Diorite composition, ultrabasics, hybrid gneiss, migmatites, pegmatites and later granite intrusive and diabase dykes. Locally the area exhibits all stages of assimilation and hybridization of the various rock types, with intense brecciation and injection of volatiles from the later granite intrusive.

The regional foliation of the area is to the northwest, but locally the trends vary from north to northeast. The folding is largely controlled by the granitic intrusive. The area is extensively faulted, with long and well-defined northwest regional lineaments and minor subsidiary northeast lineaments. To the north of the property a major east -west structural break has been picked out from radar-sat imagery.

Michael Newbury, P.Eng, a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of 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 Nickel/Copper/PGM in the 'Ring of Fire' McFauld's Lake Area of N. Ontario, Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and P&NG Leases in S.W. Ontario.

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

Cautionary Statement:

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)
    Hawk Uranium Inc.
    Corinna de Beer
    Investor Relations
    (416) 792-0343
    Email: ir@hawkuranium.com
    Website: www.hawkuranium.com