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HAWK.V ·

Hawkeye Closes Private Placement

Financings

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 30, 2022 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 380 - 2022

HAWKEYE CLOSES PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

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

"HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027):

is pleased to announce that it has closed upon a private placement that was originally announced on March

4, 2022 for $540,000 (news release No. 371 – 2022). The placement consisted of both non-flow-through

and flow-through units and the Company received two extensions from the TSX Venture Exchange (news

releases # 374 – 2022 and 376 – 2022) to complete the financing. The funding closed by Hawkeye issuing

a total of 5,125,000 non-flow-through units (Common Unit) at a price of $0.02 per unit for total proceeds

of $102,500. The Company did not raise any flow-through funds.

Each Common Unit consists of one non-flow through common share of the Company (a “Common Share”)

and one transferable share purchase warrant, with each such warrant entitling the holder to acquire one

Common Share in the capital of the Company at a price of $0.075 per Common Share expiring on June 30,

2024.

If at any time after the Closing Date the Corporation’s Common Shares have a closing price of $0.15 (CDN)

or more per share for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”), the

Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the Comm on

Units that such warrants will expire thirty days from the date of mailing of such notice or the news release

of such notice, unless such warrants are 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 thirty day period.

None of the warrants issued pursuant to the Offering will be listed for trading.

The Common Units and the underlying securities issued purs uant to the private placement o ffering are

subject to a four month hold period expiring on October 30, 2022. Finder’s fees were not paid on any portion

of the offering.

Proceeds will not be used to pay amounts owing to Non-Arm’s Length parties or person conducting investor

relations activities.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the 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 unless registered under the U.S. Securities A ct

and applicable state securities laws or an exemption from such registration is available.

About HAWKEYE

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

Vancouver, British Columbia (BC), 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 situated

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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

in the historic Cariboo Mining District of central BC, 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.

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Vancouver: (604) 908-8511

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 ach ievements 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, act ual 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.