Mr. Greg Neeld reports

HGO REPRICING OF STOCK OPTIONS AND AGM RELATED MATTERS

Hawkeye Gold & Diamond Inc.'s board of directors, subject to shareholder and TSX Venture Exchange approval, has approved the repricing of a total of 151,666 options to purchase common shares of the company to an amended exercise price of 10 cents per option. The closing price of the company's common shares on the TSX-V on Nov. 26, 2015, prior to the approval of the repricing, was four cents. A total of 151,666 options issued on July 9, 2012, with an original exercise price of 60 cents remain outstanding.

The repricing of the options will be submitted for TSX-V approval shortly and shareholder approval will be sought at the company's upcoming annual general and special meeting to be held on Dec. 23, 2015, for the repricing of options issued to insiders of the company. The repricing of the options held by insiders is subject to the approval of a simple majority approval of the company's shareholders excluding votes attached to shares beneficially owned by insiders to whom options may be granted under the company's stock option plan or associates of such persons. Prior to the company's receipt of TSX-V and shareholder approval, none of the options may be exercised at the revised price.

The company also announces that it has mailed the notice of meeting and management information circular in connection with the AGM. At the AGM, in addition to seeking approval of the repricing, the company will propose the re-election of Gregory Neeld, Maureen Keremidschieff, Mary-Lee Neeld and Maureen Watson as directors, the reappointment of Charlton & Company, chartered accountants, as auditor, the approval of the company's 2015 stock option plan, and the receipt of the company's annual audited financial statements for the year ended May 31, 2015. Copies of the company's meeting materials, including the management information circular and form of proxy, are available on the company's SEDAR profile.

We seek Safe Harbor.