Redhawk Resources, Inc.

Redhawk Resources, Inc.

May 15, 2008 09:00 ET

Redhawk Arranges Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) is pleased to advise that, subject to regulatory approvals, it has arranged a non-brokered private placement for 5,733,000 units at a price of $0.45 per unit to raise total proceeds of $2,579,750. Each unit consists of one common share and one common share purchase warrant. Each share purchase warrant is exercisable into one additional common share for a period of two years at a price of $0.65 per share.

The proceeds of the private placement will be used for the continuing development of the Copper Creek project in Arizona and for general working capital. No finder's fees are payable on the private placement.

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 Company also has two gold/silver properties of merit in Nevada.

The 100% owned Copper Creek property consists of approximately seven square miles of 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 district hosts high-grade copper-molybdenum mineralization in shallow breccia pipes and deeper "porphyry-like" mineralization. Additional details on Redhawk are available on our website at


Douglas F. Good, Chairman

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.

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

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