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HAWK.V ·

Hawkeye Seeks Shareholder Approval FOR Newcrest Acquisition at Its Upcoming Meeting of Its Shareholders

Corporate Updates

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 / FRANKFURT EXCHANGE - HGT

May 6, 2022 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 375 - 2022

HAWKEYE SEEKS SHAREHOLDER APPROVAL FOR NEWCREST ACQUISITION

AT ITS UPCOMING MEETING OF ITS SHAREHOLDERS

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 called a meeting of its s hareholders to be held on May 31, 2022 (the

“Meeting”) to pass an ordinary resolution approving the sale of 100% of the Company’s interests in the

mineral claims forming the McBride, Railway, Boomerang and Todagin properties (the “Properties”) to

Newcrest Red Chris Mining L td., a wholly- owned subsidiary of Newcrest Mining Limited (A ustralian

Stock Exchange: NCM , Toronto Stock Exchange: NCM, Papua New Guinea Exchange: NCM) for total

cash consideration of CAD$1,400,000 and a 2% net smelter returns royalty that is subject to buydown

provisions (the “Transaction”), all pursuant to an Asset Purchase Agreement between the Company and

Newcrest dated March 18, 2022 (the “Agreement”). The Agreement was announced by a news release

dated March 21, 2022, and the Meeting was announced on March 31, 2022. All proxy materials for the

meeting have been mailed to shareholders and are available for viewing on SEDAR at www.sedar.com.

Hawkeye received conditional approval for the Transaction from the TSX Venture Exchange (the

“Exchange”) on April 22, 2022. Final approval for the Transaction is conditional, among other things, upon

receipt of shareholder approval of the Transaction by a simple majority of shareholder votes. If such

approval is obtained and the Company receives TSX Venture Exchange approva l for the transaction, the

Closing Date of the Proposed Transaction is expected to occur within 3 business days after all closing

conditions in the Agreement are satisfied.

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

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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 / FRANKFURT EXCHANGE - HGT

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 ris ks, 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 alway s 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.