Redhawk Resources, Inc.

Redhawk Resources, Inc.
OMC Capital Corporation

April 13, 2007 15:47 ET

Redhawk Resources, Inc. and OMC Capital Corporation: Amendment to ReMac Financing and Plan of Arrangement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 13, 2007) - Redhawk Resources, Inc. ("Redhawk") (TSX VENTURE:RDK)(FRANKFURT:QF7) and OMC Capital Corporation ("OMC") (TSX VENTURE:CMO.P) announce, further to their joint news releases dated November 22, 2006, December 18, 2006 and April 5, 2006, the terms of the previously announced non-brokered private placement of non-flow-through securities of ReMac Zinc Corp. ("ReMac") have been amended to include a half warrant. ReMac now proposes to issue up to 4,625,385 non-flow through warrants (the "ReMac Warrants") to raise gross proceeds of up to $3,000,000. Each ReMac Warrant will be exercisable to acquire, for no additional consideration, one unit, with each unit being comprised of one common share of ReMac and one-half of one underlying share purchase warrant, with each whole underlying warrant being exercisable to acquire one additional common share of ReMac at a price of $0.75 for a period of 12 months. The previously planned ReMac Warrants were structured to be exercisable to acquire only common shares of ReMac without any warrant.

Pursuant to the terms of the plan of arrangement involving Redhawk, ReMac and OMC, the ReMac Warrants will be exchanged for warrants of OMC (the "OMC Warrants") and each OMC Warrant will be exercisable to acquire one common share and one-half of one underlying share purchase warrant of OMC, having the same terms as the underlying warrants of ReMac. The plan of arrangement has been amended to reflect this change in the underlying securities to be issued by OMC upon completion of the plan of arrangement. The amended plan of arrangement is subject to court approval.

Completion of the Proposed Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Proposed Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Qualifying Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Redhawk Resources, Inc. or OMC Capital Corporation with respect to its respective performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary for a variety of reasons.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

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