West Hawk Development Corp.

West Hawk Development Corp.

October 11, 2005 06:00 ET

West Hawk Announces CDN $3.0 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 11, 2005) - West Hawk Development Corp. (the "Company"), (TSX VENTURE:WHD) is pleased to announce that it has retained Max Capital Corp. of Toronto, Ontario ("the Underwriter") to complete a Brokered Private Placement of up to $3,000,000 (three million dollars) on a best efforts basis. West Hawk will issue up to 6,666,666 units at a price of $0.45 per unit. Each unit will consist of one share and one share purchase warrant allowing the holder to purchase an additional share in the capital stock of the Company at $0.75 for a period of two years.

The offering will be marketed to Toronto based institutions with a focus on Energy and Mining. The private placement is subject to TSX-Venture Exchange acceptance for filing.

The proceeds of the placement will be used to advance the Company's coal resource definitions on its British Columbian Coal properties through low impact drilling methods. In addition the Company will initiate background environmental studies and facilitate industry partnerships around the implementation of clean coal to liquid technology for the production of very low sulfur diesel and low emission electric power.

The Company also announces that pending approval of its stock option plan at the AGM on October 14, 2005, the company has granted incentive stock options to its directors and officers to purchase up to a total of 200,000 common shares in the capital stock of the company, exercisable for a period of two years, at a price of $0.50 cents per share.

About the Company - West Hawk is a mineral exploration and Development Company committed to building shareholder value through the development of it's in three Coal properties in Northern British Columbia.


Michael Townsend, President and CEO

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact Information