Redhawk Resources, Inc.

Redhawk Resources, Inc.

February 26, 2008 09:51 ET

Redhawk Intersects 840 Feet of 1.79% Copper Equivalent in First Step-Out Core Drill Hole

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) announces its first step-out core drill hole of an ongoing 70,000 foot Phase II drill program at the Copper Creek project returned a major interval of 840.5 feet grading an average 1.4% copper (Cu), 0.033% molybdenum (Mo), 0.003 ounces per ton (opt) gold (Au), and 0.27 opt silver (Ag), for an average copper equivalent (CuEq) grade of 1.79%. The intersection includes higher grade intervals such as 1.75% Cu (2.24% CuEq) over 370 feet. The highest grade sample interval was 7.03% Cu over seven feet. As reported on February 12, 2008, this drill hole (RMK-07-015) showed nearly 1,000 feet of strong visible copper mineralization. Split core was sent to ALS Chemex laboratory for rush assay. Below are the tabulated assay results of drill hole RMK-07-015:

From To Interval CuEq
Hole ID feet feet feet Cu% Mo% Au opt Ag opt %(i)

RMK-07-015 2785.5 3626 840.5 1.40 0.033 0.003 0.27 1.79
2887 3257 370 1.75 0.044 0.003 0.30 2.24
3354 3626 272 1.63 0.016 0.003 0.36 1.90

3626 3777td 151 0.31 0.002 tr 0.16 0.34
Including 3750 3755 5 2.23 nil tr 0.16 2.29

(i) CuEq% equals Cu + (Mo% x 8) + (Au opt x 8.36) + (Ag opt x 0.36) and
assumes 100% recoveries

Drill hole RMK-07-015 reached a depth of 3,777 feet before drilling temporarily ceased pending arrival of additional drill rods on site. The bottom portion of the hole continued to show strong copper intervals in the brecciated host rock. This drill hole targets an area that could potentially connect the Keel resource and the American Eagle resource. It is located approximately 250 feet south of previous Keel drill holes and 1,000 feet from the nearest American Eagle resource drill hole.

Results from drill hole RMK-07-015, plus several previous drill holes in the Keel area, suggest a large deep breccia body has been uncovered with its top about 2,000 to 2,200 feet below the surface and its total vertical extent more than 1,500 feet and still continuing. This newly recognized deep breccia body is located south of and deeper than the Mammoth breccia, which also did not outcrop. The presence of such deep seated and strongly mineralized breccia suggests the potential for additional mineralization in the district deeper than the current Keel and American Eagle resources.

The nearby Keel zone already contains a 0.253 million ton indicated resource of 1.19% Cu, 0.031% Mo, 0.003 opt Au, and 0.05 opt Ag (1.48% CuEq) and a 2.291 million ton inferred resource of 1.22% Cu, 0.40% Mo, 0.006 opt Au, and 0.06 opt Ag (1.60% CuEq) at 0.75% Cu cut-off. The larger American Eagle deposit located about 1,000 feet to the north-east contains a further 110 million ton inferred resource of 0.70% copper with good overall contributions expected from moly, gold and silver. The deposit is open on at least three sides and at depth.

"Over the past 30 years a number of majors have been attracted to this property in the belief that the over 400 breccia outcroppings were indicative of a major feeder system of significant mineralization," commented Douglas Good, Executive Chairman. "It is encouraging to find that this area is also the host to highly mineralized sub-surface breccias such as the Mammoth and the deeper breccia we have uncovered with drill hole RMK-07-015. The impressive copper, moly and silver grades contained in such a long intersection are highly encouraging and confirm the large potential that exists to expand our resources well beyond the current 212 million pounds of copper equivalent in measured and indicated and 1.9 billion pounds of copper equivalent in inferred resources in both the multiple breccia and porphyry targets. Results to date are highly supportive of our objective of completing a scoping study this year in support of a mining plan encompassing the breccia deposits and the larger American Eagle porphyry deposit."


Redhawk's 70,000 foot Phase II drill program was designed with the following objectives in mind:

- an in-fill drill program to provide additional assay and rock quality data to upgrade the American Eagle porphyry deposit;

- a step-out drill program to expand the larger American Eagle resource and connect it with the high-grade Keel porphyry-like resource; and

- test and possibly develop a resource in other near-by breccias where historical drilling has indicated strong mineralization.

Drill Program at American Eagle and Keel Deposits

A total of twenty drill holes are planned within and peripheral to the American Eagle resource in the Phase II drill program. Five of these holes are to test the area between the Keel and American Eagle deposits.

Twelve vertical rotary hammer holes, for a total of 18,024 feet, have been pre-collared and cased for future deeper core drilling. Historical drilling indicates that this porphyry deposit is located below 1,500 feet, and therefore the upper portions of these holes were drilled using lower cost rotary drilling. Only samples from this upper level drilling showing meaningful visible copper and/or molybdenum mineralization during geologic logging are being sent for assay. As reported on February 12, 2008, to date four pre-collared holes have reported assays, with one hole (RAE-07-019) returning a significant 1.16% Cu over 100 feet and 0.65% Cu over 80 feet. Additional results will be reported as received.

The remaining eight holes will employ core drilling from surface. This includes the first step-out hole RMK-07-015 reported above and an angle core drill hole, currently in progress, targeting 400 to 500 feet south of RMK-07-015. A topographical map indicating the location of the proposed American Eagle infill and step-out drill holes can be viewed on our website at

Drill Program at Nearby Breccias

Fifteen drill holes are planned in three breccia pipes not currently part of the breccia resources reported in September 2006. Twelve of these drill holes have been completed on the two Copper Prince breccias, both located on the surface and within 1,100 feet of the Company's proposed exploration decline that is currently in the permitting stage. Nine of these drill holes have been logged, core split, and have been shipped for assaying. Assay results will be reported as soon as available. The Copper Prince breccias had minor but very high grade historical production and previous operators drilled several holes with very good results. In addition to the resources already delineated in the Mammoth, Childs-Aldwinkle and Old Reliable breccias (6.13 million ton measured and indicated resource of 1.72% CuEq and 1.28 million ton inferred resource of 1.95% CuEq at 0.75% Cu cut-off), the Company believes the Copper Prince, Globe, and more than 400 other breccias identified on the surface have the potential to add easily accessible, near surface, and high grade resources. While the breccia deposits are not the major focus of the Phase II drill program, the Company believes several breccia deposits could be developed into NI 43-101 compliant resources with a minimum of cost and effort.

Copper equivalent calculations reported above in the resource calculations for the Keel zone and breccias are based on CuEq equals copper + (moly x 7.86) + (gold x 8.36) + (silver x 0.36) and allow for processing recoveries. Ounces per ton (Opt) are based on 31.103 grams per short ton. Upon completion of the Phase II drilling program, the Company will commission an updated resource calculation.

R. Joe Sandberg, CPG, Redhawk's President and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.

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 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 district hosts high grade copper- molybdenum mineralization in shallow breccia pipes and deeper "porphyry- like" mineralization.


Douglas F. Good, Executive 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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