SCOTIA PROPERTY RESULTS
July 11, 2011TSXVenture Exchange - HGO
Issued:15,771,547 shares
SCOTIAPROPERTY WORK PROGRAM RESULTS
HAWKEYE Gold & Diamond Inc.(the “Company” or “HAWKEYE”) is pleased to announce that it is in receiptof results for a prospecting and geochemical sampling program for work that wasperformed on its Scotia Property. The Company can earn up to a 60% interest inthe Scotia massive sulphide Property which totals 8,366.41 hectares and islocated 42 kilometers east-southeast of Prince Rupert situated in the Skeenamining district of British Columbia. The Scotia Property is a poly-metallic zinc,lead, silver, gold and copper massive sulfide project and has incurred previousdrilling over its known mineralized zone known as the Albere Zone.
A resource estimate utilizing a 1% Zinc cut-off for the Albere Zone conducted byGiroux Consultants Ltd. (2009) is incorporated into a 43-101 report announcedby HAWKEYE's partner Geo Minerals Ltd. (TSX.V: GM) via a news release datedJanuary 11, 2010 has estimated that the Measured + Indicated resource withinthe Mineralized Shell is 802,000 grading 4.87% Zn, 13.87 g/t Ag, 0.53% Pb,0.09% Cu and 0.17g/t Au.The Total Measured plus Indicated Resource for the Albere Zonewas calculated to be 876,000 tonnes grading 4.35% Zn, 12.29 g/t Ag, 0.47% Pb,0.08% Cu, and 0.15 g/t Au.
Thesame resource estimate indicates that there is an additional 702,000 tonneswithin the mineralized shell at the Albere Zone classed as Inferred grading4.47 % Zn, 13.74 g/t Ag, 0.45 % Pb, 0.10 % Cu, and 0.19 g/t Au. No economicparameters have been defined by the current Resource Estimate as to anappropriate cut-off for various types of mining. The Albere zone is open onstrike to the northwest and open down dip to the west.
Amulti-parameter airborne geophysical survey was conducted over the ScotiaProperty during August, 2008.The airbornegeophysical survey identified five first order anomalies, including theoutcropping Albere Zone and approximately 14 secondary anomalies and anomaloustrends.A geochemical sampling programwas conducted during fall, 2010 to test selected airborne anomalies todetermine if polymetallic geochemical anomalies are present.
The2010 field exploration program consisted of a geochemical survey targeted onselected Airborne Anomalies similar to the anomaly generated by the Alberezone.A total of 64 rock chip, 136 mossmat - active stream sediment and 67 soil samples were taken.Samples were flown by helicopter to PrinceRupert and transported by truck and delivered to Acme labs processing facilityon Powell Street, Vancouver for analysis.
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July 11, 2011
Scotia PropertyWork Program Results
Virtuallyall Airborne Anomalies sampled returned geochemically anomalous or elevatedvalues for the various sample types taken and values of over 1,000 ppm Zn wereencountered from “in place” rock chip sampling in the general vicinity of theAlbere Zone.
Additionalprospecting and follow-up geochemical sampling is warranted to attempt todiscouver clustered VMS occurrences similar to the Albere Zone that may bepresent on the property.
Mr. Arne O. Birkeland,P.Eng., acting as Qualified Person as defined by National Instrument 43-101 forthe Scotia Property is responsible for the technical information reported inthis news release.
Further news will beforthcoming.
About the Company
HAWKEYE Gold & DiamondInc. is a junior mineral exploration and development companybased in and is publicly traded on the TSX Venture Exchange under the trading symbolHGO. The Company is currently focused on the exploration and development of itsTOP, DART and MINT Properties located in the and its Property situated in northwest , .HAWKEYE's corporate philosophy is to buildstrong asset value through the exploration, development and ultimate productionof its various mineral projects and creating shareholder value for ourshareholders.
HAWKEYEGOLD & DIAMOND INC.
Per:
"GregNeeld"
President& CEO
Toll Free: 1-800-665-3624Email: hko@hawkeyegold.com
: 1-604-878-1339Web Site: www.hawkeyegold.com
Neither theTSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.