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Hawkmoon Closes Second Tranche of Private Placement

Financings

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

HAWKMOON RESOURCES ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

July 26 , 2022 – VANCOUVER, B RITISH COLUMBIA – Hawkmoon Resources Corp. (CSE:HM ;

OTCQB:HWKRF; FSE:966) (“Hawkmoon” or the “ Company”) is pleased to announce that it has closed a

second tranche of the previously announced private placement (the “Second Tranche), pursuant to which

the Company issued an aggregate of 700,000 units (each, a “Unit”) of the Company at a price of $0.05 per

Unit, for aggregate gross proceeds of $ 35,000. Each Unit consist s of one (1) common s hare of the

Company (a “ Share”) and one (1) share purchase warrant (a “ Unit Warrant”) with each Unit Warrant

exercisable into one Share at a price of $0.07 per Share at any time prior to 5:00 pm on the date that is

24 months from the closing date. All securities issued in connection with the Second Tranche will be

subject to a four-month and one day hold period under applicable securities laws. The Company expects

to use the net proceeds from the Second Tranche towards drilling programs and for general working

capital.

Certain portions of the securities issued in the Second Tranche constitute a Related Party Transaction

within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holdings in Special

Transactions (“MI 61-101”). One director of the Company acquired 200,000 Units (the “ Insider Units”).

The Company relied on exemptions from the formal valuation and minority approval requirements of MI

61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101, as neither the fair market value of the

Insider Units, nor the consideratio n paid for the Insider Units, exceeded 25% of the Company’s market

capitalization.

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

in the United States. The securities have not been and wi ll 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 Act

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

About Hawkmoon Resources

Hawkmoon is focused entirely on its two Quebec gold projects. Wilson Gold Project is located in one of

the world’s largest gold endowed areas, the Abitibi Greenstone Belt. The Wilson is accessed by

government-maintained roads and is in close proximity to the east of the town of Lebel -sur-Quévillon.

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

For more information, review the Company’s filings available at www.sedar.com.

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 within the meaning of applicable securities

laws. All statements that are not historical facts, including without limitation, statements regarding future

estimates, plans, programs, forecasts, p rojections, objectives, assumptions, expectations or beliefs of

future performance, including statements regarding the expected use of proceeds from the Unit Offering

are “forward-looking statements”. These forward-looking statements reflect the expectatio ns or beliefs

of management of the Company based on information currently available to it. Forward -looking

statements are subject to a number of risks and uncertainties, including those detailed from time to time

in filings made by the Company with securities regulatory authorities, which may cause actual outcomes

to differ materially from those discussed in the forward -looking statements. These factors should be

considered carefully and readers are cautioned not to place undue reliance on such forward -looking

statements. The forward-looking statements and information contained in this news release are made as

of the date hereof and the Company undertakes no obligation to update publicly or revise any forward -

looking statements or information, whether as a r esult of new information, future events or otherwise,

unless so required by applicable securities laws.

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

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