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HAWK.V ·

Hawkeye Receives Extension IN Time to Complete Financing

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

May 17, 2022 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 376 - 2022

HAWKEYE RECEIVES EXTENSION IN TIME TO COMPLETE FINANCING

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 the Company has received TSX Venture Exchange acceptance for a second

extension of time in which the Company has to complete a $540,000 financing that was originally

announced on March 4, 2022 (news release No. 371 – 2022). The first extension accepted by the Exchange

gave the Company until May 18, 2022 to complet e the financing (news release No. 374 – 2022) and the

second extension gives the Company until June 18, 2022 to complete the financing.

Managment confirms there is no undisclosed material information in the affairs of the Company.

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

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 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.