Hawk Uranium Inc.

Hawk Uranium Inc.

July 14, 2008 08:50 ET

Hawk Extends Soocana Vein to 750 metres, Chip Sample Returns 42.5 g/mt on the Holdsworth Gold Property - Wawa Area, Northern Ontario

TORONTO, ONTARIO--(Marketwire - July 14, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) (FRANKFURT:HPM) ("Hawk") is pleased to announce, using mapping and sampling, it has extended the Gold Mineralized Soocana Vein System to approximately 750 metres on its wholly-owned Holdsworth Gold Property, Hawk Junction-Wawa Area, Northern Ontario.

Previous operators had outlined the Soocana Vein System over a strike length of approximately 300 metres, from L797+00E to L800+00E, based on Hawk's grid. Hawk has outlined the vein from L796+50E to L804+00E. The vein varies in width from 0.5m to 2.5m. Sample lengths were taken variously either across the width or along the strike of the vein.

Assay results from chip samples taken across the vein on L804+00E returned values of 1.08 g/mt Au (sample # 20369) and 7.52 g/mt Au (sample # 20370) respectively. A chip sample taken from L798+05E returned a value of 42.5 g/mt Au (sample 20447).

Hawk has since mobilized an Orbit-Garant Drilling Inc., (Val-D'Or, Quebec) diamond drill rig onto the Holdsworth Gold Property to test and evaluate the entire 750m strike length.

The Holdsworth Property consists of 19 contiguous patented mining claims (304 hectares) in the Corbiere and Esquega Townships, Ontario.

Holdsworth Project

Preliminary Metallic Sieve Gold Analysis from a limited number of samples from the Thunder Bay, Ontario facilities of Activation Laboratories Ltd ("Actlabs"), an independent laboratory based in Canada, has returned the assay results listed below (Actlabs is one of only two ISO/IEC 17025 with CAN-P-1579 registered laboratories in North America).

Sample # Total AU Location Sample Length

20369 1.08 L804+00E: 331+310N 0.6m sample
20370 7.52 L804+00E: 331+310N 1.0m sample
20406 5.59 L797+95E: 331+352N 2.0m sample
20411 10.00 L797+90E: 331+352N 2.0m sample
20447 42.50 L798+05E: 331+357N 4.0m sample
20448 6.15 L798+09E: 331+355N 3.0m sample
20450 1.20 L798+12E: 331+353N 3.0m sample
20452 1.46 L798+14E: 331+351N 3.0m sample
20452 3.18 L798+20E: 331+350N 7.0m sample

These samples were regular chip samples of material across the width of the vein at each location.

A 2,500m drill program has commenced to test the Soocana Vein System. The Orbit-Garant drill rig is capable of drilling to a depth of 450m using NQ size core.

The Holdsworth Property has the potential to host Gold and Silver mineralization within three (3) distinct geological environments namely (1) lode gold in traditional quartz veins - "The Soocana Vein" (2) an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) - "The Black Sands" and (3) the precursor to the black sands - a massive pyrite zone (Algoma Iron Formation) at depths - "The Massive Sulphide". All three Gold & Silver prospects occur within Archean aged mafic to intermediate metavolcanic rocks of the Michipicoten Greenstone Belt.

The samples for which results are disclosed in this press release were collected under the supervision of Randy Singh, Hawk's Senior Geologist. Michael Newbury, P.Eng, a "qualified person" as such term is defined by National Instrument 43-101, and a director of Hawk, has reviewed the laboratory results that included the assay results disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Hawk.

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:

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.

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

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