Seahawk Gold Corp. Corporate Update

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Seahawk Gold Corp. Corporate Update

VANCOUVER, BC, Canada (February 14, 2025) – Seahawk Gold Corp. (CSE: SEAG; OTC

Pink: SEHKF) (“Seahawk” or the “Company”) provides the following corporate update.

FLEX GPU Transaction

The Company announced on J une 26, 2024 that it was undertaking the acquisition of

FlexGPU, an AI data cent er development company, which would constitute a “change of

business” for the Company under the policies of the CSE. The Company’s shares were

halted on this announcement. The Company subsequently announced a number of

extensions to the deadline for entering into a definitive agreement for the Flex GPU

transaction, the most recent of which expired on January 30, 2025.

The Company concluded that the proposed business of Flex GPU is not sufficiently

advanced to support a change of business. However, the Company believes that in view of

the continuing depressed state of the market for junior resource issuer s, it remains in the

Company’s best interests to continue to seek potential change of business opportunities. As

part of this initiative, the Company has agreed pursuant to a share purchase agreement

dated February 14, 2025 to acquire a 10 acre property in Williams County, North Dakota

through the acquisition of all of the outstanding shares of FlexGPU. FlexGPU has no

business or assets other than its ownership of the North Dakota property, and while the

property may be used as part of a future change of business transaction, no such

transaction is being undertaken at this time. Consideration for the purchase is $350,000,

payable by the issuance of 2,000,000 common shares of the Company. The acquisition of

FlexGPU is an arm’s length transaction. These shares will be subject to a four month hold

period commencing on the date of closing of the acquisition. A further announcement will be

made when the transaction has been closed and the consideration shares have been

issued.

Quebec Property Update

Seahawk has renewed all of its Touchdown claims for another two years ending 2027. It will

continue to assess work program options and opportunities, and will provide the market with

further updates when its plans have been determined.

Resumption of Trading.

The Company has applied to the CSE for the resumption of trading in the Company’s

shares.

About Seahawk Gold Corp.

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

Canada (CSE: SEAG), the U.S. (OTC Pink: SEHKF). Seahawk is the 100% owner four

properties along the Urban-Barry Greenstone Belt in the Abitibi sub province of mining friendly

Quebec, Canada.

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For more information, please contact Seahawk Gold Corp. – seahawkgoldcorp.com

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 of1933, 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 Act and applicable state securities laws or an

exemption from such registration is available.