Toronto, February
25, 2009 - Hawk Uranium Inc. (TSX Venture Exchange: HUI.V, Frankfurt: HPM)
("Hawk") wishes to announce that Noront Resources Ltd. (TSX
Venture Exchange: NOT.V) (“Noront”) has provided Hawk with its final
report on the diamond drill program conducted on its 50/50 Joint Venture
Property in the “Ring of Fire” McFauld’s Lake Area, Northern Ontario.
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The report provided by Noront relates to airborne geophysical
surveys that were completed on the claims in the James Bay Lowlands of
Ontario that are subject to Hawk's option agreement with Noront.�
Based on geophysical interpretations of exploration results, a
weakly-conductive drill target was selected for exploration.� The
samples obtained from that target were tested, and the results returned
were found not to warrant further investigation.� According to the
report commissioned by Noront, no follow-up exploration work was
recommended.
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As a result of the disappointing results for this project,
Hawk has determined to terminate its interest in the Noront McFauld's Joint
Venture Project.� Unexpended funds that had been advanced by Hawk for
this project are expected to be returned to Hawk in the near term, in
accordance with the terms of the option agreement between Noront and Hawk.
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About
Hawk Uranium:
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.
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More detailed information is
available on the website at www.hawkuranium.com
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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.
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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.
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Contacts:
Hawk Uranium Inc.
H. Vance White
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Corinna
de Beer
Investor
Relations
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Phone:
Phone:
Fax:
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416-214-2250
866-214-9486
416-367-1954
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Phone:
eMail:
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416-792-0343
ir@hawkuranium.com
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