Seahawk Gold Corp. Announces Private Placement

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Seahawk Gold Corp. Announces Private Placement

Vancouver, British Columbia – October 21, 2021 ) - Seahawk Gold Corp . (CSE:

SEAG) ("Seahawk") announces that it is undertaking a non -brokered private placement of

common shares ( Hard Dollar – HD Shares, and Flow-through – FT Shares) to raise gross proceeds

of up to $1,000,000 (the "Placement").

Seahawk intends to issue shares at $0.45 per unit with a full 2 year warrant exercisable at $0.6 0

per share (the " HD Shares"), and $0.53 per unit flow-through shares with a half warrant. Each

whole warrant can be exercisable also at $0.6 0 per share , for the same 2 year term (the " FT

Shares").

Laurentian Bank Securities Inc. is acting as a finder in connection with the offering and the

majority of the financing is being placed with institutional investors.

The gross proceeds from the sale of the FT Shares will be used for mineral exploratio n in the

Province of Quebec, which will qualify as “Canadian Exploration E xpenses” for purposes of the

Income Tax Act (Canada) (“ CEE”). Such CEE shall also qualify as “flow -through mining

expenditures” for purposes of subsection 127(9) of the Income Tax Act (Canada) and as

expenditures which qualify for the provincial tax deduction for mineral exploration conducted in

the Province of Quebec.

The net proceeds from the sale of the Private Placement Shares will be used to fund the

advancement of the Company’s projects and for working capital purposes.

Finder's fees/Commissions may be paid in connection with the Placement.

About Seahawk Gold Corp.

Seahawk Gold Corp. is a publicly traded Canadian resource exploration com pany trading in

Canada (CSE: SEAG), the U.S. (OTCQB: SEHKF) and Germany (FSE: 7SR) . Seahawk is the

100% owner of four properties along the Urban-Barry Greenstone Belt in the Abitibi sub province

of mining friendly Quebec, Canada.

For more information please contact Seahawk Gold Corp.

Giovanni Gasbarro, Mitchell E. Lavery, P. Geo.

CEO and Director at 1-604-939-1848 President and Director at 1-613-298-1596

Neither the Canadian Stock Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or

accuracy of this release.

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

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

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