West Hawk Development Corp.
TSX VENTURE : WHD

West Hawk Development Corp.

November 18, 2008 18:39 ET

West Hawk Development Terminates Heavener Mine Acquisition

DENVER, COLORADO--(Marketwire - Nov. 18, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") wishes to update investors that, after careful consideration, it has decided to terminate the Letter of Intent for the acquisition of the Heavener property originally announced September 4th, 2008.

While the Company is still convinced about the worthiness of acquiring and investing in the Heavener property, it was forced to make this decision after being unsuccessful in raising the funding necessary to proceed with the acquisition. Despite intense efforts of Company management and appreciation of the project by potential funding partners, ultimately the financial crisis has frozen the capital market and made it impossible for the Company to raise the money.

The Company is currently implementing a divesture plan with the intent of reducing its cost structure and refocusing the Company's strategy. The Company will make further announcements in this regard as and when necessary.

On behalf of the Board of Directors,

Wm. Mark Hart, Chairman and Chief Executive Officer

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand 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; and the Groundhog coal property located in northwest British Columbia.

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.

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