Redhawk Resources, Inc.

Redhawk Resources, Inc.

February 11, 2011 19:26 ET

Redhawk Amends Warrants Issued April 30, 2010 and Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2011) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) announces that it has relinquished its right to effect an accelerated expiry of the warrants issued as part of the Company's private placement completed on April 30, 2010. The 5,731,430 warrants affected by this change have an exercise price of $0.50 per common share and will expire on April 30, 2012. These warrants were originally subject to accelerated expiry at the Company's discretion if the volume weighted average trading price of the Company's common shares is equal to or greater than $1.00 for 20 consecutive trading days.

In addition, the Company has granted at total of 1,235,000 incentive stock options under its Stock Option Plan to directors, officers, consultants at a price of $0.79. The option grants are subject to TSX Venture Exchange approval.

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona.

The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.


"J. Stephen Barley"
J. Stephen Barley, Managing Director

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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