Hawk Uranium Inc.

Hawk Uranium Inc.

April 14, 2009 16:15 ET

Hawk Completes Issuance of Shares to Service Providers, and Announces Amendments to Option Plan and Grant of Options

TORONTO, ONTARIO--(Marketwire - April 14, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") announces that following TSX Venture Exchange approval of a shares for debt settlement with service providers (see Hawk's press release of March 30, 2009), Hawk has issued an aggregate of 496,614 common shares at a deemed price of $0.10 per share to eight parties, to settle total debt of $49,661.33 inclusive of GST, for services rendered from November 1, 2008 to January 31, 2009.

Hawk also announces that at the request of TSX Venture Exchange, Hawk has made minor amendments to its 10% rolling stock option plan. A copy of the amended stock option plan has been filed on SEDAR (www.sedar.com). The amended option plan was approved by the TSX Venture Exchange. A total of 5,213,190 common shares are reserved for issuance under the plan.

In addition, Hawk announces that it is granting stock options for a total of 1,225,000 common shares to certain directors, officers and consultants. Each option is exercisable at $0.10 per share and expires on April 12, 2014. All these options vest immediately, except for options for 50,000 common shares granted to a provider of investor relations services, whose options will vest as to 25% every three months.

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
    416-214-2250 or 866-214-9486
    416-367-1954 (FAX)
    Hawk Uranium Inc.
    Corinna de Beer
    Investor Relations