Hawk Uranium Inc. Toronto, Ont., is a junior Canadian natural resource company listed on the TSX Ventures Exchange (Symbol:HUI) and the Frankfurt Stock Exchange (Symbol: HPM)

Hawk is focused on exploration for:

• Gold in Northern Ontario
• Uranium in the Athabasca Basin of Saskatchewan, in Northern Ontario and in Quebec
• Nickel/Copper/PGM in the “Ring of Fire” zone of the McFauld’s Lake area in the James Bay Lowlands of Northern Ontario

Gold & Silver

Holdsworth Property, Wawa Area, Northern Ontario (Operator – Hawk)

• 100% interest in 19 claims (304 hectares)
• 3 distinct geological environments:
• i) Soocana Vein – traditional quartz vein
• ii) Black Sand Zone – weathered oxide pyrite, and
• iii) Sulphide pyrite zones at depth
• Hawk has extended the Soocana Vein to approx. 750m through mapping and sampling
• Chip sample (20447) taken over 4m returned 42.5 g/mt Au & 19.0 ppm* Ag
• A 34-hole drill program completed on the Soocana Vein and results currently under review
• A total of 340kg of material from the Black Sands Zones has been sent to SGS Lakefield for metallurgical testing..(*1ppm = 1g/t)

Uranium

Cluff Lake Property, Athabasca Basin, Northern Saskatchewan

• 100% interest in 6 claims (16,239 hectares)
• Adjacent to Cluff Lake Uranium Mine
• Heliborne electromagnetic (VTEM) & magnetic geophysical surveys completed
• Final interpretation has been received from Condor Consulting Colorado

Charlebois Lake Property, Northern Mining District, Northern Saskatchewan

• 100% interest in 12 claims (5,102 hectares)
• Heliborne electromagnetic (VTEM) & magnetic geophysical surveys completed
• Final interpretation has been received from Condor Consulting Colorado

Cortez Property, Ontario

• 100% interest in 29 staked & optioned mining claims - totalling453 claims - (7,284 hectares)
• Field exploration, consisting of line cutting, field mapping, ground magnetic and radiometric
• surveys completed

Grand Calumet Property, Quebec

• 70% interest in 8 claims (354.6 hectares) and 100% in 39 claims (1,550 hectares)
• Detailed airborne radiometric survey completed in 2006
• Negotiations continue for surface access agreements with various holders of surface rights

Nickel/Copper/PGM’s

McFauld’s Lake, Hawk/MacDonald-McNugget JV Property, Northern Ontario (Operator – MacDonald Mines)

• 36.75% interest in 6 claims (1,554 hectares)
• No new drilling commenced on the Hawk JV in 2008 – Developments in the McFauld’s camp are being closely monitored by Hawk and its Partner

Additional Holdings:

Wits Basin Precious Minerals Inc.

Directly and through its wholly-owned US subsidiary – Hawk Precious Minerals USA – Hawk owns approx.2.5% (3,482,500 shares) in Wits Basin Precious Minerals Inc. (OTCBB: WITM).

Wits Basin is currently pursuing active projects in the People’s Republic of China, South Africa, Colorado and Mexico.

Additionally, in connection with a loan extended to Wits (see news release 08-11-21), Wits has granted Hawk a security interest over the right of Wits to earn an indirect 65% interest in the company that holds the South African prospecting permits. Wits has also granted Hawk a 5-yr warrant for 250,000 shares, exercisable at $0.125

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Update

2009, A 34-hole, 5,498m drill programme for the gold-mineralized Soocana Vein System on its wholly-owned Holdsworth Gold Property, Hawk Junction-Wawa Area, Northern Ontario.

A total of 2,422 drill core samples were submitted to ActLabs in Thunder Bay for Au, Ag and 36 element ICP analysis.

An additional 90kg (250kg was initially supplied) of Black Sands material from the 4 pit locations in the Black Sands Zone have been shipped to SGS Labs, Lakefield, Ontario for additional metallurgical testing.

The drilling indicated that at surface the more predominant and continuous quartz+ankerite veins are not mineralized over the entire length and gold mineralization appears to be structurally controlled.

The exsolved sugary textured, white, crystalline quartz material occurring at the inflections of fold structures are mineralized with gold. It is believed that deeper drilling is required to test zones at depth where the fold structures flatten out and become more continuous.