West Hawk Development Corp.
TSX VENTURE : WHD
FRANKFURT : H5N

West Hawk Development Corp.

February 21, 2008 10:35 ET

West Hawk Completes Access Agreement

DENVER, COLORADO--(Marketwire - Feb. 21, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce that agreements are in place with the First Nations at Hazelton BC for access to traditional territories located in Northern British Columbia, Canada. This agreement will allow West Hawk to conduct a 22 hole drilling program on its Groundhog coal fields to map the location and prove up a potential resource. Historical Resource estimates reported in a NI43-101 technical report filed on the property showed an in-place tonnage of 275-300 million tonnes and additional Potential Exploration Target Estimates In-Place Tonnage of 700-750 million tonnes. Readers are cautioned that historical resource estimates do not guarantee the potential quantity and grade. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource.

The coal found in this region is considered anthracite in rank, and has high calorific values, suitable for gasification and the steel industry. West Hawk will continue to evaluate market opportunities and world demand for coal and associated clean energy products.

Following an evaluation of drilling results and in consultation with First Nations stakeholders, West Hawk will complete a comprehensive feasibility study to determine the most effective methods to bring this outstanding coal asset to market. An existing rail network passes within 30 km of the property and a solid road bed has been extended directly to the previously mapped Groundhog coal locations.

Direct shipping coal and clean fuels or gases can be routed through the recently expanded Canadian port of Prince Rupert which has easier access to Asia Pacific markets than southern terminals. Existing rail lines currently funnel directly to this port where storage capacity is available.

West Hawk has committed to conduct a thorough environmental review at the Groundhog property and will meet or exceed all existing mining standards. Using advanced coal gasification technology will ensure that we meet all Kyoto requirements and Provincial greenhouse gas reduction initiatives including CO2 control in all products.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President and Chief Executive Officer

About the Company: West Hawk Development Corp is focused on providing valuable, high-demand clean energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwest British Columbia; the Tulita coal property in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

Cautionary Note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Tulita coal property in the Northwest Territories, the Nunavut Coal property and the Groundhog Coal property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. Exploration potential are conceptual in nature regarding the potential quantity and grade. Historical resource estimates have been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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

  • West Hawk Development Corp.
    Dr. Wm. Mark Hart
    President and Chief Executive Officer
    (303) 357-4720
    (303) 357-4726 (FAX)
    Website: www.westhawkdevelopment.com