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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 - HGO

May 30, 2017 TSX Venture Exchange Listed

Frankfurt Exchange Listed

Issued: 17,875,897 shares

News Release No. 269 - 2017

HAWKEYE CLOSES PRIVATE PLACEMENT

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

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

A12A61): announces it has closed upon the private placement originally announced January 31,

2017 (news release No. 262 - 2017) and as amended March 22, 2017 (news release No: 263-2017)

and May 18, 2017 (news release 268 – 2017) by selling 981,666 Units in the capital of the

Company at a price of $0.075 per Unit for total proceeds of $73,625 (Cdn.). Each Unit consists of

one common share in the capital of the Corporation and one share purchase warrant. Each warrant

will entitle the holder to purchase one additional s hare for $0. 12 at any time prior to 4:30 p.m.

(Vancouver time) on May 22, 2018, at which time the warrants will expire; provided that if at any

time after May 22, 2017 the Corporation’s Shares have a closing price of Cdn. $0.12 or more per

share for ten consecutive trading days on TSX -V, the Corporation shall be entitled to give notice

to the holders of the Warrants, tha t the Warrants will expire thirty days from the date of mailing

or news release of such notice unless 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 t hirty

day period. Proceeds from the private placement will be used for trades, general working capital

and property acquisition.

The placement is subject to a four (4) month hold expiring September 22, 2017.

A finder fee tota ling 6,250 finders warrants has been paid on a portion of the offering and these

warrants are subject to the same terms of the private placement warrants.

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 and the Frankfurt Exchange under the ticker HGT; ISIN#

CA42016R3027 and WKN# A12A61 . HAWKEYE’s Corporate mandate is to build strong asset

value through the acquisition of low -cost, high -potential cash flowing mining production

opportunities with blue sky discovery upside, managing our business activities in an

environmentally responsible manner while contributing to the well-being of the local Community

and Economy. Our goal is significant growth through Revenue and Cash flowing Projects, ultimate

production through Discovery on our blue sky properties, to provide early return on investment

and significant growth to maximize shareholder value.

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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 - HGO

May 30, 2017

HAWKEYE Closes Private Placement

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 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.