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HAWK.V ·

Hawkeye Closes Its Non-Brokered Private Placement

Financings

HAWKEYE Gold & Diamond Inc.

Suite 655 – 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 • www.hawkeyegold.com

TSX VENTURE EXCHANGE – HAWK / FRANKFURT EXCHANGE - HGT

November 18, 2025 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 396 - 2025

HAWKEYE CLOSES ITS NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

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

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

announces it has closed upon the non-brokered private placement previously announced through news

release no. 394 – 2025 and as amended on November 2, 2025, via news release no. 395 – 2025. The

placement closed by the Company issuing 1,958,000 units at a price of $0.05 per unit, raising total proceeds

of $97,900. Hawkeye did not issue any flow -through units upon closing of the placement as originally

announced.

Each common unit will consist of one common share of the Company and one-half of a transferable share

purchase warrant, with each such warrant entitling the holder to acquire one common share at a price of

$0.10 per common share for a period of twenty-four (24) months expiring on November 14, 2027.

If at any time after the closing date the Corporation’s common shares have a closing price of $0.15 (CDN)

or more per share for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”), the

Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the common

units that such warrants will expire thirty days from the date of mailing of such notice or the news release

of such notice, unless such warrants are exercised before the expiry of that period, and in such event all

unexercised warrants will expire at 4:30 p.m. (Vancouver time) on the last day of such thirty day period.

None of the warrants issued pursuant to the offering will be listed for trading.

The common units and the underlying securities issued pursuant to the private placement offering are

subject to a four month plus one day hold period expiring on March 14, 2026. No finder’s fees were paid

on the Offering.

Proceeds will be used for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities A ct

and applicable state securities laws or an exemption from such registration is available.

About HAWKEYE

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

Vancouver, British Columbia (BC), Canada. The Company owns a 100% interest in the Bonanza property,

which is a high-grade copper, gold, silver skarn/porphyry pro spect located on the northern region of

Vancouver Island, BC, Canada. The Company owns three 2% royalty interests which are subject to buy -

down provisions on the Railway, McBride and Todagin properties located in the Golden Triangle of

- 2 -

HAWKEYE Gold & Diamond Inc.

Suite 655 – 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 • www.hawkeyegold.com

TSX VENTURE EXCHANGE – HAWK / FRANKFURT EXCHANGE - HGT

northwest BC. 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 r esults,

levels of activity, performance or achievements expressed or implied by these forward -looking statements. While these forw ard-

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.