Hawthorn Completes Initial Option Payment on its Broken Handle Property
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HAWTHORN COMPLETES INITIAL OPTION PAYMENT ON ITS BROKEN
HANDLE PROPERTY
VANCOUVER, B .C. (March 28 , 202 3) Hawthorn Resources Corp. (CSE: HWTN)
(“Hawthorn” or the “Company”) is pleased to announce that it will issue 150,000 common shares
(the “Shares”) and has paid $25,000 in cash in satisfaction of its anniversary option payment
pursuant to the Company’s option agreement with Origen Resources Inc. to acquire a 75% interest
in its Broken Handle Project. The 2,098.33 project is located approximately 50 kilometres north
of the town of Grand Forks, within the Greenwood Mining Division, British Columbia, Canada
and is approximately 5 kilometres south of the past producing Franklin Mine Camp. The Shares
will be issued at a deemed price of $0. 13 per share, and will be subject to a hold period of four
months from the date of issuance.
About Hawthorn Resources Corp.
Hawthorn Resources Corp. is a mineral exploration company that will acquire and explore mineral
properties. For further information, please refer to the Company ’s disclosure record on SEDAR
(www.sedar.com).
On Behalf of the Board of Directors
Daniel Joyce, Director, President and CEO
Forward-Looking Information
Certain statements in this news release are forward -looking statements, including with respect to future
plans, and other matters. Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations.
Some of the specific forward -looking information in this news release includes, but is not limited to,
statements with respect to: the timing of the resumption of trading of Shares on the CSE and the trading
symbol of the Shares on the CSE. The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties,
and other factors, many of which are beyond the control of the Company, including but not limited to,
business, economic and capital market conditions, the ability to manage operating expenses, and
dependence on key personnel . Such statements and information are based on numerous assumptions
regarding present and future business strategies and the environment in which the Company will operate
in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results
to differ materially from those in forward-looking statements include, the continued availability of capital
and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key
employees and consultants, and general economic, market or business conditions. Forward -looking
statements contained in this news release are expressly qualified by this cautionary statement. The reader
is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in
the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such registration
is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not
accept responsibility for the adequacy or accuracy of this release.