Redhawk Resources, Inc.

Redhawk Resources, Inc.
OMC Capital Corporation

April 09, 2007 10:46 ET

Redhawk Resources, Inc. and OMC Capital Corporation: Shareholders Meetings Held to Approve Proposed Plan of Arrangement and Qualifying Transaction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 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 and December 18, 2006 wherein Redhawk and OMC announced a transaction whereby OMC will acquire the ReMac Zinc project from Redhawk in exchange for the issuance to Redhawk of common shares in its capital, which transaction shares would subsequently be distributed to Redhawk shareholders by way of a plan of arrangement (the "Transaction"), which transaction would constitute a qualifying transaction for OMC (the "Proposed Qualifying Transaction"), that: (i) the Redhawk shareholders approved the Transaction at the Redhawk Special Shareholders Meeting held on April 4, 2007; and (ii) the OMC shareholders approved all motions proposed by the board of OMC relating to the Proposed Qualifying Transaction at the OMC Annual and Special Shareholders Meeting held on April 4, 2007. The Supreme Court of British Columbia granted its final order approving the plan of arrangement on April 5, 2007.

Closing of the Transaction is expected to occur prior to April 30, 2007.

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, including but not limited to, the resolution of the dispute referred to herein to OMC's satisfaction.

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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