Hawk Uranium Inc.

Hawk Uranium Inc.

October 10, 2008 13:49 ET

Hawk Uranium Inc. Announces Extension to Term of Warrants

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange (the "Exchange") to extend the term of issued and outstanding warrants exercisable for a total of 506,668 common shares (the "Warrants"). The Warrants were issued as part of a private placement that closed on October 13, 2006 in which 1,000,002 flow-through units (each consisting of one flow-through common share and one Warrant) were issued for gross proceeds of $150,000. Since issuance, 493,334 Warrants have been exercised, leaving 506,668 Warrants outstanding.

Each whole Warrant is exercisable for one common share at a price of $0.25 per share. The term of the 506,668 Warrants, which were to expire on October 12, 2008, has been extended to October 12, 2010. The term of the Warrants has been extended on the condition that the exercise period of the Warrants will be shortened to 30 days (commencing seven calendar days after the tenth Premium Trading Day as hereinafter defined) if, for ten consecutive days (the "Premium Trading Days") the closing price of Hawk's common shares is greater than $0.333 per share.

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 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