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HAWK.V ·

Hawkeye Closes Acquisition of Vancouver Island Claims

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 / FRANKFURT EXCHANGE - HGT

June 5, 2023 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 388 – 2023

HAWKEYE CLOSES ACQUISITION OF VANCOUVER ISLAND CLAIMS

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

"HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R4017):

announces that it has closed upon the purchase of three properties (the “Property”) located on the northern

end of Vancouver Island, British Columbia, Canada. The acquisition was originally announced by the

Company on May 17, 2023 (news release No. 386 – 2023). The Company received TSX Venture Exchange

(TSX.V) acceptance for the Sale and Purchase Agreement of the Property on May 29, 2023 (news release

No. 387 – 2023).

HAWKEYE has issued the arm’s length vendor a total of 150,000 shares in the capital of the Company to

facilitate transfer of the property from the vendor to the Company. The shares were issued with two different

hold periods. The first allotment totaling 75,000 shares was issued with a resale restriction expiring on

November 29, 2023, and the second allotment of 75,000 shares was issued with a legend expiring on May

29, 2024.

The vendor has transferred 100% interests in the Property to HAWKEYE.

No finders’ fees were paid in connection with the acquisition.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in

Vancouver, British Columbia (BC), Canada. The Company's properties are located in t he world -class

Barkerville gold camp situated in the historic Cariboo Mining D istrict of central BC, and on Vancouver

Island, BC, Canada. The Company owns four 2% royalty interests which are subject to buy- down

provisions on the Railway, McBride, Boomerang and Todagin properties located in the Golden Triangle of

northwest BC. 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.

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Vancouver: (604) 908-8511

Email: [email protected]

Web Site: www.hawkeyegold.com

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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 / FRANKFURT EXCHANGE - HGT

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 our 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.