Redhawk Resources, Inc.
TSX VENTURE : RDK

Redhawk Resources, Inc.

November 02, 2005 18:08 ET

Redhawk Closes Arizona Copper Project Acquisition

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2005) - Redhawk Resources, Inc. (TSX VENTURE:RDK) is pleased to announce that it has closed the acquisition of the copper project in Arizona known as the Copper Creek Project, in consideration of the payment to the vendor of a total purchase price of $1,600,000 and annual Advance Royalty Payments of $125,000, the first payment of which has been made. Redhawk has also agreed to pay a 2.25% Royalty Payment from any Commercial Production from the Copper Creek Project until Redhawk has paid the vendor a total of $25,000,000 in combined Advanced Royalty Payments and Royalty Payments.

Reference is made to Redhawk's website at www.redhawkresources.com for information on its wholly owned Copper Creek Project.


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