West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce the closing of two previously announced financing transactions.

The TSX Venture Exchange has accepted West Hawk's shares for debt proposal, as announced on January 29, 2008, with certain of the Company's suppliers, contractors and vendors in settlement of certain outstanding accounts payable for goods and services provided to the Company, primarily on the Figure Four Project. The Company has issued 9,115, 661 shares and 8,649,549 share purchase warrants to settle outstanding debt for $1,823,132.22 with 23 creditors. Included in the above, the Company settled obligations to certain directors and officers for outstanding compensation and expenses of $93,222 by issuing 466,112 shares. All securities issued pursuant to the debt settlement are subject to a hold period expiring June 26, 2008.

The Company has also issued 4,705,000 units (the "Units"), at a price of $0.20 per Unit for gross proceeds of $941,000 in the first tranche of the private placement announced on February 8, 2008. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one additional Share for a period of 24 months following the closing at an exercise price of $0.40 per share. The Warrants will be subject to early expiry if, following the date that is four months following the closing, the daily volume-weighted average trading price of the Company's common shares on the TSX Venture Exchange over a period of 10 consecutive trading days is equal to or greater than $0.60. All of the securities issued are subject to a hold period until August 3rd, 2008. The proceeds raised will be used by the Company to complete Well 4 and for general working capital purposes.

Finder's Fees of $28,400 in cash and 30,000 broker warrants were issued to various parties for introducing investors to the Company. Each broker warrant entitles the holder to purchase one common share at a price of $0.265 for a period of 12 months.

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 clean 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; the Groundhog coal property located in northwest British Columbia; the Tulita coal property in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

SOURCE: West Hawk Development Corp.

West Hawk Development Corp. Dr. Wm. Mark Hart President and Chief Executive Officer (303) 524-1424 (303) 524-1285 (FAX) Website: www.westhawkdevelopment.com