Hawk Uranium Inc.

Hawk Uranium Inc.

February 25, 2009 15:45 ET

Hawk Terminates Interest in Noront Resources Hawk JV Property-"Ring of Fire" Area, McFauld's Lake

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") wishes to announce that Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront") has provided Hawk with its final report on the diamond drill program conducted on its 50/50 Joint Venture Property in the "Ring of Fire" McFauld's Lake Area, Northern Ontario.

The report provided by Noront relates to airborne geophysical surveys that were completed on the claims in the James Bay Lowlands of Ontario that are subject to Hawk's option agreement with Noront. Based on geophysical interpretations of exploration results, a weakly-conductive drill target was selected for exploration. The samples obtained from that target were tested, and the results returned were found not to warrant further investigation. According to the report commissioned by Noront, no follow-up exploration work was recommended.

As a result of the disappointing results for this project, Hawk has determined to terminate its interest in the Noront McFauld's Joint Venture Project. Unexpended funds that had been advanced by Hawk for this project are expected to be returned to Hawk in the near term, in accordance with the terms of the option agreement between Noront and Hawk.

About Hawk Uranium:

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 Toll Free: 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