Redhawk Resources, Inc.

Redhawk Resources, Inc.

January 04, 2007 14:10 ET

Redhawk Resources, Inc.: Private Placement Completed by ReMac Zinc Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 4, 2007) - Redhawk Resources, Inc. ("Redhawk") (TSX VENTURE:RDK)(FWB:QF7) is pleased to announce that, further to the joint press releases of Redhawk and OMC Capital Corporation ("OMC") on November 20, 2006, and December 18, 2006, Redhawk's subsidiary, ReMac Zinc Corp. ("RMZ") has completed a non-brokered private placement of an aggregate of 4,000,000 "flow-through" warrants at a price of $0.75 per warrant (which price includes an exercise price of $0.01 per warrant payable upon exercise or deemed exercise of the warrants) for gross aggregate proceeds of $3,000,000. These warrants are exercisable for one common share of RMZ per warrant and will be convertible on a one-for-one basis into post-consolidated shares of OMC on closing of the acquisition by OMC of all of the issued and outstanding shares of RMZ. The warrants may not be exercised prior to the earlier of July 31, 2007, and the date of closing of the proposed acquisition.

For further information regarding the proposed acquisition and related transactions, please see the joint press releases dated November 21, 2006, and December 18, 2006.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the 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 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.

All information contained in this news release with respect to OMC, Redhawk and RMZ was supplied by OMC, Redhawk and RMZ, respectively, for inclusion herein.

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

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