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Message: Announces Shares for Debt Agreement With Service Providers

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Announces Shares for Debt Agreement With Service Providers

posted on Mar 20, 09 02:00PM

March 20, 2009

Hawk Announces Shares for Debt Agreement With Service Providers

TORONTO, ONTARIO--(Marketwire - March 20, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk" or the "Company") announces that it has reached an agreement with six of its services providers (the "Creditors") to settle debt in the aggregate amount of $39,430.87, inclusive of GST, for certain services rendered during the period from November 1, 2008 to January 30, 2009. The Creditors have agreed to settle their respective portions of the debt, inclusive of GST, in exchange for the issuance of common shares in the capital of the Company ("Common Shares") at a price of $0.10 per Common Share, for an aggregate issuance of 394,309 Common Shares.

The completion of the shares for debt settlement is subject to the approval of the TSX Venture Exchange (the "Exchange"). The Company intends to apply to the Exchange for approval of the shares for debt settlement in due course.

About Hawk Uranium Inc.

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the 'Ring of Fire' McFauld's Lake Area of N. Ontario.

More detailed information is available on the website at www.hawkuranium.com.

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