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HAWK.V ·

Hawkeye Terminates Joint Venture Discussions ON LA Cobriza Project

Mergers & Acquisitions Partnerships & JV

HAWKEYE GOLD & DIAMOND INC.

Suite 203 – 738 Broughton Street, Vancouver, B.C., Canada V6G 3A7

Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com

TSX VENTURE EXCHANGE - HGO

April 5, 2017 TSX Venture Exchange Listed

Frankfurt Exchange Listed

Issued: 16,894,231 shares

News Release No. 265 - 2017

HAWKEYE TERMINATES JOINT VENTURE DISCUSSIONS ON LA COBRIZA PROJECT

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

"HAWKEYE") (TSX.V-HGO; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61):

announces that subsequent to discussions and negotiations with the vendor of the La Cobriza Property,

State of Durango, Mexico, the Letter of Intent (LOI) announced November 5, 2016, between the vendor

and HAWKEYE, creating a 50/50 Joint Venture for the Property, has been terminated.

HAWKEYE continues to focus upon other projects within North America which include but will not be

limited to Mexico, Nevada and Canada. Management is currently in discussions on targets which are

consistent with our vision to acquire projects that provide both short term production potential and blue sky

upside.

Further news will be forthcoming.

About the Company

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in

Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under th e

trading symbol HGO and the Frankfurt Exchange under the ticker HGT; ISIN# CA42016R3027 and WKN#

A12A61. HAWKEYE’s Corporate mandate is to build strong asset value through the acquisition of low -

cost, high -potential cash flowing mining production opportun ities with blue sky discovery upside,

managing our business activities in an environmentally responsible manner while contributing to the well-

being of the local Community and Economy. Our goal is significant growth through Revenue and Cash

flowing Projects, ultimate production through Discovery on our blue sky properties, to provide early return

on investment and significant growth to maximize shareholder value.

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Vancouver: (778) 379-5393

Email: [email protected]

Web Site: www.hawkeyegold.com

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HAWKEYE GOLD & DIAMOND INC.

Suite 203 – 738 Broughton Street, Vancouver, B.C., Canada V6G 3A7

Phone: (778) 379-5393 • Fax: (778) 379-5396 • www.hawkeyegold.com

TSX VENTURE EXCHANGE - HGO

April 5, 2017

HAWKEYE Terminates Joint Venture Discussions on La Cobriza Project

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 diffe rent 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 app licable law, the

Company does not intend to update any of the forward-looking statements to conform these statements to actual results.