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HAWK.V ·

Corection to Warrant Exercise Price for Post-Consolidated Financing

Financings Share Capital & Compensation

August 15, 2014 TSX Venture Exchange - HGO

News Release No. 237 - 2014

CORECTION TO WARRANT EXERCISE PRICE FOR POST-CONSOLIDATED FINANCING

HAWKEYE Gold & Diamond Inc. (the “Company” or "HAWKEYE"): Vancouver, British Columbia: announces that subsequent to news release No. 236 – 2014 disseminated to the public earlier today whereby the Company announced it has arranged to complete a post-consolidate non-brokered private placement to sell up to 4,000,000 units in the capital of the Company at a price of $0.05 per Unit for total proceeds of $200,000 (Cdn.); the Company advises there was a typo error in the exercise price for the half warrant attached to the common share for the placement. The news release stated that each warrant will entitle the holder to purchase one (1) additional share for seventy-five cents ($0.75) at any time prior to 4:30 p.m. (Vancouver time) on the date which is twelve months from the Closing Date. The news release should have stated that each warrant will entitle the holder to purchase one (1) additional Share for seven and a half cents ($0.075) at any time prior to 4:30 p.m. (Vancouver time) on the date which is twelve months from the Closing Date. Except for the aforementioned correction all disclosure in news release No. 236 – 2014 is accurate.

About the Company

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HGO. HAWKEYE’s corporate philosophy is to build strong asset value through diversification, the acquisition of low-cost high potential mining opportunities, managing our business activities in an environmentally responsible manner while contributing to the well-being of the local community and economy. Our goal is to ultimately achieve full time commercial production from our projects for significant growth and early returns on investment to maximize shareholder value.

HAWKEYE GOLD & DIAMOND INC.

Per:

"Greg Neeld"

President & CEO

Toll Free: 1-800-665-3624 Email: [email protected] Vancouver: 1-604-688-2929 Web Site: www.hawkeyegold.com

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

HAWKEYE GOLD & DIAMOND INC.

Suite 2302 – 120 Milross Avenue, Vancouver, B.C., Canada V6A 4K7 Ph: (604) 688-2929  Fax: (604) 688-3402  1-800-665-3624  www.hawkeyegold.com

TSX VENTURE EXCHANGE - HGO