Issued: 20,964,170 shares

July 11, 2012 TSX Venture Exchange - HGO

Issued: 20,964,170 shares

News Release No. 225 - 2012

HAWKEYE GRANTS 985,000 INCENTIVE STOCK OPTIONS

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”): Vancouver, British Columbia: announces that the company has granted incentive stock options under its 2011 stock option plan to its directors, officers and consultants of the Company for the purchase of up to 985,000 common shares in the company for a period of (10) ten years at a price of $0.10 per common share expiring on July 9, 2022.

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. The Company is currently focused upon the exploration and development of its TOP, DART and MINT Properties located in the Yukon, Canada, which are gold and silver prospects and its DASS Mountain Property located on Vancouver Island, BC, Canada which is a high grade copper and silver prospect. HAWKEYE’s corporate philosophy is to build strong asset value through diversification, the acquisition of low-cost high potential mining opportunities worldwide, 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 of 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