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Drill Program Update Lave Gold Property

Exploration Programs

Hawkmoon Starts Drill Program on Gold-Bearing Lavallée Shear Zone in

Belleterre Gold Camp Québec

October 26, 2021 – VANCOUVER, BRITISH COLUMBIA – Hawkmoon Resources Corp. (CSE:HM; FSE:966)

(“Hawkmoon” or the “Company”) is pleased to announce that it has commenced drilling on the 48-claim

(2,449-hectare) Lava Gold property (the “ Property”) situated approximately 20 kilometres west of

Belleterre in the Abitibi-Témiscamingue region of Québec. The Property covers the Lavallée 38, 39, 40 and

41 showings, which expose multiple quartz veins, breccias and stockworks within the northeast trending

Lavallée Shear Zone (the “LSZ”). The Property is located to the west of the Belleterre gold mining camp

and its greens tone belt and is underlain by tonalite that might host potential orogenic gold‐type

mineralization.

The 10-hole, 1000-metre drill program will target the LSZ over a 400-metre horizontal distance down to a

maximum vertical depth 100 metres. Only one of three holes drilled in this area in 2007 intersected the

LSZ with an interval of 0.6 grams per tonne gold over 11.4 metres from 8.64 metres1. The other two holes

missed the zone completely. Hawkmoon engaged a geophysical consultant to complete 2-D modelling of

the 2007 induced polarization and resistivity data2. This interpretation work has very precisely defined a

chargeability zone that appears to correspond to the downward extent of the LSZ on surface. The drilling

will test this chargeability zone for gold mineralization at regular intervals along the trend of the LSZ.

CEO Branden Haynes on the Lava Gold Property

Branden Haynes, President of Hawkmoon, states “ We are very please d have started a drill program on

the Lava project within only two months of completing the drilling at our flagship Wilson project.” Please

see the Company’s news releases dated October 5 and 13, 2021 for further information respecting results

from the drill program carried out at the Company’s Wilson project.

About Hawkmoon Resources

Hawkmoon is focused entirely on its three Quebec gold projects. Two of these projects are in one of the

world’s largest gold belts, the Abitibi Greenstone Belt. Both these gold projects are accessed by

government-maintained roads and are in close proximity to each other eas t of the town of Lebel sur

Quévillon. The third project is situated in the Belleterre Gold Camp southwest of Val-d’Or.

Qualified Person

The technical information in this news release has been reviewed and approved by Thomas Clarke P.Geo.,

Pr.Sci.Nat. Mr. C larke is a “Qualified Person” under NI 43 -101 and is a Director and the Vice President

Exploration of Hawkmoon.

References

1. Beauregard, A.J. and Gaudreault, D. (2008). Ressources Conway Inc., Rapport technique du travaux, 2007 sur the propriété

Lavallée, canton Gaboury, Abitibi, Québec, SNRC 31 M/06 - 31 M/07. SIGÉOM GM63876

2. Boileau, P. (2007). Ressources Conway Inc., Levés géophysiques au sol (EMH et P.P.- Résistivité) sur the propriété Lavallée,

canton Gaboury, Abitibi, Québec, SNRC 31 M/06 - 31 M/07. SIGÉOM GM63427

HAWKMOON RESOURCES CORP.,

ON BEHALF OF THE BOARD

“Branden Haynes”

Branden Haynes, Chief Executive Officer

Forward Looking Statements

This news release contains certain forward -looking statements. The use of the word “expected”,

“projected”, “pursuing”, “plans” and similar expressions are intended to ide ntify forward -looking

statements. Forward -looking statements in this news release include statements regarding: the

Company’s drill program at the Property; and the potential for orogenic gold -type mineralization being

found in tonalite underlying the Property. The forward-looking statements are made as at the date hereof

and the Company disclaims any intent or obligation to publicly update any forward -looking statements,

where because of new information, future events or results, or otherwise, except as re quired by

applicable securities laws.

For more information, please contact Branden Haynes, Chief Executive Officer and Director, Email:

[email protected]; Telephone: 604-817-1595