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HAWK.V ·

Hawkeye Commences 1,436 LINE Kilometre Airborne Geophysical Survey over Its Barkerville Properties

Exploration Programs

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

December 3, 2018 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 304 - 2018

HAWKEYE COMMENCES 1,436 LINE KILOMETRE AIRBORNE GEOPHYSICAL

SURVEY OVER ITS BARKERVILLE PROPERTIES

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 commenced an airborne magnetic geophysical

survey over its Barkerville Properties , locat ed appr oximately 40 kilometres south of the town of

Barkerville, BC, Canada. Hawkeye has retained Geotech Ltd. to fly a total of 1,463 line kilometres at

150 metre line spacings. The survey is scheduled to take approximately one week to complete and is

intended to help provide a structural and geological framework for ground-based exploration for vein-

style gold mineralized on the property.

The Company’s Barkerville properties are situated within the Cariboo Gold Belt, an area that has

produced over 4.5 million ounces of gold from alluvial and lode deposits. In their 2018 Corporate

Update, Barkerville Gold Mines published a resource of 1.60 million ounces of gold in the measured

and indicated categories (8.1 million tonnes grading 6.1 g/t Au) and 2.16 million ounces of gold in the

inferred category (12.7 million tonnes grading 5.2 g/t Au) from their Cariboo Gold projects, which are

located approximately 40 km to the north -northwest of Hawkeye’s Barkerville properties

(http://barkervillegold.com/wp-content/uploads/2018/09/CorporateUpdateSeptember11_2018-1.pdf).

Qualified Person

Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a

senior geologist with CJ Greig & Associates Ltd . and a qualified person for the purpose of National

Instrument 43 -101. Mr. Mitchell has prepared, reviewed and validated the technical information

contained in this release.

About HAWKEYE

HAWKEYE Gold & Diamond 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 BC Golden Triangle, 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 blue sky discovery potential. Our

aim is to make discoveries which have the potential for production and cash flow, but in doing so to

manage our business in an environmentally responsible manner while contributing to the local

community and economy.

- 2 -

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: (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 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.