West Hawk Development Corp.
TSX VENTURE : WHD

West Hawk Development Corp.

November 14, 2008 19:28 ET

West Hawk Development Updates

DENVER, COLORADO--(Marketwire - Nov. 14, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") wishes to update investors on the status of certain of its property interests. In its press release issued on September 4, 2008 the Company stated that it had entered into 3 letters of intent to acquire three metallurgical coal mines in Oklahoma/Arkansas. The 3 acquisitions to be: an 85% interest in the Heavener mine, a 50% interest in the Coal Creek mine and a 100% interest in the Rock Island mine. The Company after careful consideration has decided to terminate the letters of intent for the Coal Creek and Rock Island properties originally announced September 4, 2008. Following the negative events that saw the bail out and bankruptcy of some of the largest Banks and financial institutions in the US and Europe, the liquidity in the financial markets has dried up. Despite the current capital markets, West Hawk Development is still pursuing its target of raising money necessary to finance its activities, including the acquisition of the Heavener Mine, but there is no assurance that the Company will be successful.

The Company would also like to clarify the status of the Northwest Territories ("NWT") and Nunavut coal property licenses. With regard to the NWT licenses, the Company submitted an application to the Mining Recorder of the Northwest Territories in July 2008 to renew the coal licenses. The Company is currently working with the Mining Recorder office to ensure all appropriate steps are taken to receive approval. If these licenses can not be renewed, the Company will remove them from its portfolio. The Nunavut licenses lapsed in March 2008. Despite the Company's submission in mid 2008 of an application to re-acquire the Nunavut coal licenses, the Company has since decided to abandon the Nunavut property following the adoption of a cost reduction plan.

As a result of the current market conditions, the Company is implementing a major cost reduction plan and will make further announcements in this regard as necessary.

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 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.

Cautionary Note: This news release 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 also filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia and the Tulita coal property in the Northwest Territories. 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 and development 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.

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