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Message: Announces Approval of Shares for Debt Settlement With Service Providers

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Announces Approval of Shares for Debt Settlement With Service Providers

posted on Mar 30, 09 11:24AM

March 30, 2009

Hawk Announces Approval of Shares for Debt Settlement With Service Providers

TORONTO, ONTARIO--(Marketwire - March 30, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk" or the "Company") announces that it has received approval from TSX Venture Exchange (the "Exchange") for a shares for debt settlement with six of its services providers to settle debt for certain services rendered during the period from November 1, 2008 to January 30, 2009. This settlement was disclosed in the Company's press release of March 20, 2009. In addition, the Company has obtained Exchange approval for a shares for debt settlement with two directors and officers of Hawk, Mr. H. Vance White and Mr. Walter Brooks, for services rendered during the same period. The creditors (including Mr. Brooks and Mr. White) have agreed to settle their respective portions of the debt, in the aggregate amount of $49,661.33, 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 496,614 Common Shares.

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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