Hawk Uranium Inc. Announces Closing of Private Placement

Toronto, ON – January 7, 2010 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (“Hawk”) is pleased to announce the closing of the non-brokered private placement that was previously disclosed in its press releases of September 2, 2009 and November 2, 2009 (the “Private Placement”), in which 2,799,999 common share units (each, a “Unit”) were purchased at a price of $0.075 per Unit for aggregate proceeds of $209,999.

Each Unit is comprised of one common share in the capital of Hawk (a “Common Share”) and one half of one purchase warrant, each whole warrant being exercisable to purchase one Common Share for three years from the date of issue at a price of $0.15 per share in the first year, $0.20 per share in the second year and $0.25 per share in the third year. The securities are subject to a four-month hold period which expires on May 7, 2010.

In connection with this offering, Hawk has paid cash finder’s fees of $8,050, equal to 7% of the funds raised by finders, and issued broker warrants exercisable to purchase 107,333 Common Shares, equal to 7% of the number of Units placed by finders. The net proceeds from the Private Placement will be used to fund Hawk's exploration and development programs on current and future properties, properties and interests, and to fund general and administrative expenses.

Hawk has received conditional approval of the Private Placement from the TSX Venture Exchange (the “Exchange”). The closing of the private placement is subject to the Exchange’s final acceptance, which is conditional upon receipt and acceptance of final documents from Hawk, including an updated Private Placement Notice Form (Form 4B), payment of the balance of the application fee, and any other information that the Exchange may require.

About Hawk Uranium Inc.
Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario.

More detailed information is available on the website at www.hawkuranium.com.

Cautionary Statement:
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Hawk Uranium Inc.
H. Vance White, Chairman
Phone: 416-214-2250
Fax: 416-367-1954

Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com
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