Hawkeye Announces Private Placement

August 26, 2013 TSX Venture Exchange - HGO

CUSIP NO : 42016R 20 3 12g3-2(b):82-2435

News Release No. 231

HAWKEYE ANNOUNCES PRIVATE PLACEMENT

HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V:HKO announces that it has arranged for a non-brokered private placement to sell up to 5,333,333 units (the “Units”) in the capital of the Company at a price of $0.015 per Unit for total proceeds of $80,000 (Cdn.). Each Unit shall consist of one (1) common share (a “Share”) in the capital of the Corporation and one-half share purchase warrant. Each Warrant will entitle the holder to purchase one (1) additional Share (a “Warrant Share”) for $0.05 at any time prior to 4:30 p.m. (Vancouver time) on the date which is twelve months from the Closing Date, at which time the Warrants will expire; provided that if at any time after the Closing Date the Corporation's Shares have a closing price of Cdn. $0.05 or more per Share for fifteen (15) consecutive trading days on TSX-V, the Corporation shall be entitled to give notice to the holders of the Warrants, that the Warrants will expire 15 days from the date of mailing of such notice unless exercised before the expiry of that period, and in such event all unexercised Warrants will expire at 4:30 p.m. (Vancouver Time) on the last day of such 15 day period.

The private placement will be subject to a four (4) month hold from closing and completion is subject to receipt of applicable regulatory approvals and finder’s fees may be paid on a portion of the offering. Proceeds from the private placement will be used for trades and general working capital in accordance with temporary relief rules from certain pricing requirements approved by the TSX Venture Exchange for private placements under $0.05 per share, which expires August 31, 2013.

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Toll Free: 1-800-665-3624 Email: [email protected] Vancouver: 1-604-878-1339 Web Site: www.hawkeyegold.com

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) 878-1339  Fax: (604) 688-3402  Corporate Communications: 1-800-665-3624  Internet: www.hawkeyegold.com

TSX VENTURE EXCHANGE - HKO