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HAWK.V ·

Hawkeye Acquires Railway Property IN BC Golden Triangle

Mergers & Acquisitions Property Options & Staking

HAWKEYE GOLD & DIAMOND INC.

Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2

Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK

July 24, 2019 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 316 – 2019

HAWKEYE ACQUIRES RAILWAY PROPERTY IN BC GOLDEN TRIANGLE

Vancouver, British Columbia - HAWKEYE Gold & Diamond Inc. (the “Company” or

“HAWKEYE") (TSX.V -HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN:

A12A61): is pleased to announce that HAWKEYE has entered into two Sale and Purchase

Agreements with two separate arms-length vendors to acquire 100% interests in an additional

fifteen (15) claims (the “Claims”) totaling 826 hectares in the BC Golden Triangle . The Claims

are located approximately 12 kilometres east-northeast of the Village of Iskut, BC, Canada, and are

situated in the Liard mining district west of the Klappan River surrounding Thatue Mountain. The

Claims are also situated in close proximity to the Company’s McBride and Todagin properties.

Agreement Details

Under terms of the first Sale and Purchase Agreement between HAWKEYE and the vendor, the

Company may acquire one Claim totaling 34 hectares by issuing 100,000 shares in the capital of

the Company to the vendor. The acquisition is not subject to an NSR..

Under terms of the se cond Sale and Purchas e Agreement between HAWKEYE and the vendor,

the Company may acquire fourteen (14) Claims totaling 792 hectares by paying a $1,000 cash

payment and issuing 200,000 shares in the capital of the Company to the vendor. The acquisition

is not subject to an NSR.

The two Sale and Purchase Agreements between HAWKEYE and the Vendors are subject to TSX

approval. The shares will be issued with a four month hold period from issuance.

About HAWKEYE

HAWKEYE Gold & Dia mond Inc. is a junior mineral exploration and development company

based in Vancouver, British Columbia, Canada. The Company's precious and base metals

properties are located in the prolific Golden Triangle of northwest BC, in the world -class

Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE's corporate mandate

is to build strong asset growth and shareholder value through the acquisition of low -cost, high-

potential opportunities with discovery potential, and to manage its business in an environmentally

responsible manner while contributing to the local community and economy.

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HAWKEYE GOLD & DIAMOND INC.

Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2

Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Vancouver: (778) 379-5393

Email: [email protected]

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.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events.

These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our

or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results,

levels of activity, performance or achievements expressed or implied by these forward -looking statements. While these forward -

looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment

regarding the direction of o ur industry, actual results will almost always vary, sometimes materially, from any estimates,

predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the

Company does not intend to update any of the forward-looking statements to conform these statements to actual results.