Redhawk Resources, Inc.

Redhawk Resources, Inc.

November 19, 2007 15:12 ET

Redhawk Announces Commencement of 77,000 Foot Drill Program and Pending Changes to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) -


Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) is pleased to announce the planned 77,000 foot drill program on the American Eagle porphyry has commenced. The objective of the program is to upgrade and expand the current American Eagle Inferred Resource, which has been recently estimated by the Company's independent consultant at 110 million tons at a grade of 0.81% copper equivalent, based on a 0.60% copper cut-off. The American Eagle deposit is open in all directions and has not been adequately tested to depth. A portion of the anticipated drilling program will be to step out from the existing known mineralized areas with the view to expanding the resources and also to explore for potential deeper deposits as evidenced in other deposits in the geological region. One of the logical areas for expansion is between the Keel and American Eagle zones for which drilling is currently underway. The drilling should also allow the completion of additional assays for molybdenum, gold and silver in the American Eagle deposit which have been given restricted or no value in the current resource calculation.

Redhawk is also pleased to announce that Douglas Good has agreed to join the board of directors and become Executive Chairman replacing Charles Pitcher, who has decided not to stand for re-election at the upcoming Annual General Meeting to be held on November 22, 2007. Mr. Good was President and Chairman of Rochester Resources Ltd. from November 2005 until January 2007 when he relinquished his position as President. Mr. Good remained actively involved with Rochester as Chairman and then Director with corporate development responsibilities until his recent involvement with Redhawk. Mr. Good has an extensive background in providing strategic planning, corporate restructuring, finance and senior management services to a range of companies in the start-up and early development phase. He has served as a director and in senior management positions of various public and private companies in the healthcare, software, mining and automotive industries in the US and in Canada and has a strong background in commercial banking.

Gil Leathley has also agreed to join the Company as Special Advisor to the Executive Chairman and the President on issues relating to mine development planning, operating economics and evaluation of mining and processing alternatives. Mr. Leathley brings over 40 years of senior experience encompassing all aspects of international mining operations. Between the periods of 1975 to 2000, Mr. Leathley was the driving force in overseeing the development of six major operating mines on behalf of Cassiar Asbestos, Noranda Mining, Corona Resources and Homestake Mining. Strategic development included the Golden Giant, Jolu, Eskay Creek, Santa Fe, Ruby Hill and Nickel Plate mines. During his tenure, he held various senior management and operating positions, ranging from Mine Superintendent and General Manager to Senior Vice President, and Chief Operating Officer. His responsibilities included overseeing mine development and operations with work forces of up to 2,500 employees. As a noted specialist in operational economics and company finances, he also played a key leadership role in the evaluation of acquisitions and the integration of acquisitions with the various parent companies.

Mr. Good and Mr. Leathley bring a broad base of combined experience in mining operations and corporate development activities which will be of significant value to Redhawk as the Copper Creek project moves rapidly through the development process.

The Company plans to grant up to 1,650,000 stock options to directors, officers and consultants of the Company pursuant to the Company's 2007 stock option plan. The options will be granted at an exercise price of $0.60 cents per share for a period of five years. The Company has also previously granted 400,000 stock options to officers of the Company. Certain option holders have agreed to cancel 900,000 stock options previously granted.

The Board of Directors wishes to thank Mr. Pitcher for his service to the Company as a director and Chairman over the past two years.

The Copper Creek Property

The 100-per-cent-owned Copper Creek property has National Instrument 43-101-compliant resources on three breccia hosted deposits, the Keel porphyry-like deposit and the American Eagle porphyry deposit. As recently announced, the Company's independent consultants have estimated mineral resources for these deposits which total 6.4 million tons at 1.71 per cent copper equivalent, in the measured and indicated category, containing over 212 million pounds of equivalent copper, plus an inferred resource of 113.6 million tons at 0.84 per cent copper equivalent with contained equivalent copper of more than 1.9 billion pounds. Further details of this resource estimate can be found in the Company's news release dated October 15, 2007. Assay results from a 15,000 foot drilling program completed in October are still pending and have not been included in the recently completed updated mineral resource calculation.

The 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 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 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. The Copper Creek property has had over 342 drill holes and 468,000 feet of drilling to date and has significant expansion potential with over 400 identified breccias still to be assessed.

R. Joe Sandberg is the qualified person within the meaning of N1 43-101 who supervised the preparation of the information that forms the basis of this news release.

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with an operations office located in San Manuel, Arizona. Redhawk's primary focus is on the accelerated development of its advanced stage Copper Creek copper-molybdenum project near San Manuel, Arizona. Redhawk also has two gold projects in Nevada. Additional details on Redhawk are contained on our website at

Certain statements in this press release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as "anticipate", "believe", "intend", "expect", "plan", "estimate", "budget", "outlook", "may", "will", "should", "could" or other similar wording. Forward-looking information includes, but is not limited to, reference to business strategy and goals, future capital and other expenditures, resource estimates, drilling plans, mining techniques and repair activities, the submission of application permits, production levels and the sources of growth thereof, project development schedules and results, results of exploration activities and dates by which certain areas may be developed or may come on-stream, royalties payable, financing and capital activities, contingent liabilities, and environmental matters. 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.

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. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.

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

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