Hawk Uranium Inc.
TSX VENTURE : HUI

Hawk Uranium Inc.

March 26, 2008 14:04 ET

Noront Resources Commences Work Programme on Hawk 50/50 JV Property-"Ring of Fire" Area, McFaulds Lake

TORONTO, ONTARIO--(Marketwire - March 26, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI) ("Hawk") is pleased to announce that Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront") has commenced the 2008 Exploration Field Programme on its 50/50 Joint Venture Property in the "Ring of Fire" McFaulds Lake Area, Northeastern Ontario.

Noront has advised Hawk that it has completed in excess of 345 line km of helicopter borne AeroTEM and Magnetic Geophysical Surveys from the survey conducted by Aeroquest International Ltd at 100m line spacing over the Joint Venture Property, and that it has received preliminary interpretation from Scott Hogg & Associates Ltd.

A linecutting programme projected to involve in excess of 132 line km has been initiated over a number of Priority 1 Geophysical Targets. This will be followed by a number of Ground Geophysical Surveys including HLEM - Max-Min, Ground Magnetics & VLF and Gravity Surveys to better refine the Airborne Geophysical Targets.

Diamond drilling with one of the two recently acquired drill rigs by Noront would be anticipated to follow.

Hawk is very pleased that Noront has selected its Joint Venture Property with Hawk to kick off the 2008 exploration season in the "Ring of Fire" McFaulds Lake Area, which has a very similar geophysical signature to Noront's "known showings" in the area.

ABOUT HAWK URANIUM INC.

Hawk has option interests in a uranium project in Grand Calumet Township, Quebec, two VMS/nickel/copper exploration properties in the McFaulds Lake "Ring of Fire" area of Northern Ontario through option or joint venture agreements (one with Noront Resources Inc. and one with MacDonald Mines Exploration Ltd.), one gold exploration property in the Wawa area of Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium property in the Charlebois Lake area of the Northern Mining District of Saskatchewan, one uranium property near the Cluff Lake Uranium Mine within the Athabasca Basin of Saskatchewan, one uranium property in Gila County, Arizona, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB: WITM) ("Wits Basin"). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.

ABOUT NORONT RESOURCES LTD.

Noront is a Tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,377,082 shares issued to date.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as 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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Hawk Uranium Inc.
    H. Vance White
    President
    (416) 214-2250 or 1-866-214-9486
    or
    Hawk Uranium Inc.
    Walter Brooks
    Vice-President
    (416) 214-2250 or 1-866-214-9486
    (416) 367-1954 (FAX)