Redhawk Resources, Inc.

Redhawk Resources, Inc.

July 02, 2008 09:00 ET

Redhawk Reports Drill Results and Commencement of Scoping Study

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) announces results of core drill holes in two Globe area breccia pipes and three in the Keel/American Eagle area forming part of its 2008 drill program at the Copper Creek project.


- Better Intercepts: RMK-84-044 0.98% Cu over 47 feet (14.3 metres)
RAE-08-045 0.80% Cu over 65 feet (19.8 metres)
RMK-08-031 0.94% Cu over 20 feet (6.1 metres)
Most holes also reported significant Mo and Ag.

- Resource Update: Independent Mining Consultants of Tucson, AZ have been
commissioned to prepare an updated NI43-101 compliant
resource statement incorporating the results of the
2007/2008 drilling program (5,390 metres)

- Scoping Study: KD Engineering of Tucson has been commissioned to
prepare a scoping study report assessing the viability
of mining the Company's Copper Creek Project.

Company Chairman, Douglas Good commented, "We are very pleased with the additional high-grade zones identified from a number of drill holes completed during the 2007/2008 Drill Program. Some of the highlights reported earlier this year were:

- near surface higher grade intervals such as 5.1% Cu over 135 feet (including 7.67% Cu over 68 feet), 4.15% Cu over 57 feet, and 3.33% Cu over 138 feet as reported on March 19, 2008;

- near surface higher grade intervals such as 3.42% Cu over 89 feet, including 5.58% Cu over 40.5 feet, and 2.74% Cu over 104.6 feet as reported on April 25, 2008;

- 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% as reported on February 26, 2008. 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.

With the commissioning of an independent resource update in order to incorporate the results of our 2007/2008 drilling program into the company's Resource Statement, as well as the commissioning of the mining scoping study, we expect that by the fourth quarter of 2008 we will be in a position to assess the opportunity for developing a large low cost, long life underground mining operation at Copper Creek. In addition to achieving these milestones, we also expect to have the necessary approvals in place to commence development of an exploration decline giving us access into the high-grade breccia resource."

Latest Drill Results

The following results complete the reporting of 17,680 feet (5,390 metres) of core drilling carried out on the Company's Copper Creek project during the 2007/2008 drill season. The tabulated assay results reported below are on the Globe Central Breccia (designated RGC), Globe South Breccia (designated RGS), Keel area (designated RMK), and the American Eagle (designated RAE).

Hole ID From feet To feet Interval feet Cu% Mo% Ag opt

RGS-08-042 320 346 26 1.03 0.007 0.02

RGC-08-043 153.6 182.5 28.9 0.64 0.002 0.05
317 362 45 0.80 0.002 0.12

RMK-08-031 2969 2989 20 0.94 0.039 0.18
3039.9 3058 18.1 0.48 0.010 0.09

RMK-08-044 2226.6 2273.6 47 0.98 0.004 0.05
3537 3547 10 0.29 0.103 0.03

RAE-08-045 2748 2760 12 0.53 0.001 0.03
2977 3042 65 0.80 0.005 0.06
3071 3093 22 0.62 0.001 0.04
3136 3190.5 54.5 0.54 nil 0.04
3206 3235 29 0.53 0.001 0.03
3525 3532.5 7.5 2.02 nil 0.06

The breccia bodies are roughly circular and have much larger vertical extents than lateral extents. The drill holes are from various locations around the breccia bodies and drilled at varying directions and angles to get as much coverage laterally and vertically as possible in each breccia. The reported widths are drill hole intercept widths and not true widths.

The two Globe breccias have minor historical underground production and some historical drilling. None of the Globe breccias have resources currently in the Redhawk inventory. The drill program just completed was designed to bring the breccias up to NI 43-101 resource compliant standards. Redhawk believes that the Copper Prince (reported earlier) and Globe breccias will add important "near surface" resources. Drilling has been suspended to allow for resource updates, metallurgical testing on resource areas without prior metallurgical testing, and preparation of a scoping study.

Resource Update

Independent Mining Consultants (IMC) of Tucson, AZ have been commissioned to prepare a resource update which will include the Globe and Copper Prince breccias, the Keel deposit, and the American Eagle deposit. The updated NI 43-101 compliant resource statement is expected to be available in third quarter of 2008.

Metallurgical Testwork

METCON of Tucson, AZ is currently conducting metallurgical testing of core material from the Copper Prince Breccias, Keel deposit, and American Eagle deposit. METCON previously performed metallurgical testing of core from the Globe area with results in line with that of the other breccia deposits in the NI 43-101 compliant resources reported by Redhawk.

Scoping Study

KD Engineering of Tucson, AZ has been commissioned to prepare a detailed scoping study report examining the viability of underground mining using various extraction techniques for the Copper Creek project with contribution from Redhawk's other consultants, IMC (resources), Milne & Associates (mining costs and engineering), Golder Associates (hydrology and engineering), METCON (metallurgy), and WestLand Resources (permitting and environmental). Preparation of the scoping study began in late May and is targeted for completion in the fourth quarter of 2008.

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.


R. Joe Sandberg, President

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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