Mr. Greg Neeld reports

HAWKEYE CLOSES ITS NON-BROKERED PRIVATE PLACEMENT

Hawkeye Gold & Diamond Inc. has closed upon the non-brokered private placement previously announced and as amended on Nov. 2, 2025. The placement closed by the company issuing 1,958,000 units at a price of five cents per unit, raising total proceeds of $97,900. Hawkeye did not issue any flow-through units upon closing of the placement as originally announced.

Each common unit will consist of one common share of the company and one-half of a transferable share purchase warrant, with each such warrant entitling the holder to acquire one common share at a price of 10 cents per common share for a period of 24 months expiring on Nov. 14, 2027.

If, at any time after the closing date, the corporation's common shares have a closing price of 15 cents or more per share for 10 consecutive trading days on the TSX Venture Exchange, the corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the common units that such warrants will expire 30 days from the date of mailing of such notice or the news release of such notice, unless such warrants are exercised before the expiry of that period, and, in such event, all unexercised warrants will expire at 4:30 p.m. Vancouver time on the last day of such 30-day period. None of the warrants issued pursuant to the offering will be listed for trading.

The common units and the underlying securities issued pursuant to the private placement offering are subject to a four-month-plus-one-day hold period expiring on March 14, 2026. No finders' fees were paid on the offering.

Proceeds will be used for general working capital purposes.

About Hawkeye Gold & Diamond Inc.

Hawkeye Gold & Diamond is a junior mineral exploration and development company based in Vancouver, B.C., Canada. The company owns a 100-per-cent interest in the Bonanza property, which is a high-grade copper, gold and silver skarn/porphyry prospect located on the northern region of Vancouver Island, British Columbia, Canada. The company owns three 2-per-cent royalty interests, which are subject to buydown provisions, on the Railway, McBride and Todagin properties, located in the Golden Triangle of northwestern British Columbia. Hawkeye's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential and manage its business in an environmentally responsible manner while contributing to the local community and economy.

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