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HAWK.V ·

Hawkeye Plans to Commence Operations at Its Mcbride and Railway Properties IN the Golden Triangle of British Columbia

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

July 24, 2020 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 344 – 2020

HAWKEYE PLANS TO COMMENCE OPERATIONS AT ITS MCBRIDE AND

RAILWAY PROPERTIES IN THE GOLDEN TRIANGLE OF BRITISH COLUMBIA

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

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

A12A61): is pleased to provide an update to our shareholders and the investment community

regarding HAWKEYE’s planned 2020 summer work program on its 100% owned McBride

(4,202.08 ha) and Railway (928.96 ha) properties, which are strategically located in the northeast

corner of the BC Golden Triangle, approximately 12 kilometres north of the Red Chris Cu -Au

mine, and 18 kilometres east of GT Gold Corp’s Saddle North Cu -Au and Saddle South Au -Ag

discoveries.

HAWKEYE plans to perform its summer work program over the promising northern IP

chargeability target located on the McBride property. This target was not drilled in 2019 because

of the onset of severe winter conditions . The Railway property, which the Company acquired

between August and October 2019, is contiguous with the northwest part of the McBride property.

The Railway acquisition extends the target area through the undrilled northern chargeability

anomaly along a 3 kilometre belt of known mineralized porphyry and breccia mineral occurrences

on HAWKEYE’s mineral tenures (Figure 1). Assays from the previous exploration reported Cu

values to 6.92%, Au to 5.18 g/t and Ag to 57 g/t with highly variable Cu:Au ratios.

The planned 2020 summer exploration program includes but is not limited to detailed mapping,

prospecting, rock and soil sampling, followed by further Induced Polarization (IP) surveys. This

work is focused on the delineation of the highest priority drill targets while investigating the

geological, geochemical and structural controls spatially associated with a porphyry system at

depth.

Qualified Person

Technical information in this news release has been reviewed and approved by Greg Davison,

M.Sc., P.Geo., and a qualified person for the purposes of National Instrument 43-101.

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

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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

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: (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 imp lied 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 al ways 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.

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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

Figure 1.