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HAWK.V ·

Hawkeye Extends Terms of Warrants

Share Capital & Compensation

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

October 4, 2020 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 349 - 2020

HAWKEYE EXTENDS TERMS OF WARRANTS

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 subsequent to a notice letter received from the TSX

Venture Exchange (Exchange) on September 23, 2020, the Company has received Exchange

acceptance for an extension in time for the exercise expiry dates of private placement share

purchase warrants that were set to expire during September, October and November 2020. The

expiry date for 2,110,000 warrants exercisable at a price of $0.10 per share that were set to expire

on September 16, 2020 have been extended to September 16, 2023, 5,000,000 warrants exercisable

at a price of $0.10 per share that were set to expire on September 18, 2020 have been extended to

September 18, 2023, 1,300,000 warrants exercisable at a price of $0.10 per share set to expire on

October 22, 2020 were extended to October 22, 2023 and the expiry date for 500,000 private

placement share purchase warrants exercisable at a price of $0.10 per share set to expire on

November 15, 2020 have had their expiry dates extended to November 15, 2023,

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 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.

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

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.