File: Attachment HGO NR 396 - Hawkeye Closes PP for $97,900 - Nov 18 2025.pdf

November 18, 2025 TSX Venture Exchange Listed Frankfurt Exchange Listed

News Release No. 396 - 2025

HAWKEYE CLOSES ITS NON-BROKERED PRIVATE PLACEMENT

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

Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): announces it has closed upon the non-brokered private placement previously announced through news release no. 394 2025 and as amended on November 2, 2025, via news release no. 395 2025. The placement closed by the Company issuing 1,958,000 units at a price of $0.05 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 $0.10 per common share for a period of twenty-four (24) months expiring on November 14, 2027.

If at any time after the closing date the Corporation's common shares have a closing price of $0.15 (CDN) or more per share for ten consecutive trading days on the TSX Venture Exchange (the "TSXV"), 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 thirty 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 thirty 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 finder's fees were paid on the Offering.

Proceeds will be used for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will 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 HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company owns a 100% interest in the Bonanza property, which is a high-grade copper, gold, silver skarn/porphyry prospect located on the northern region of Vancouver Island, BC, Canada. The Company owns three 2% royalty interests which are subject to buy- down provisions on the Railway, McBride and Todagin properties located in the Golden Triangle of

HAWKEYE Gold & Diamond Inc. Suite 655 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 dot www.hawkeyegold.com

TSX VENTURE EXCHANGE HAWK / FRANKFURT EXCHANGE - HGT - 2 -

northwest BC. 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 to manage its business in an environmentally responsible manner while contributing to the local community and economy.

HAWKEYE GOLD & DIAMOND INC. Per: "Greg Neeld" President & CEO Vancouver: (604) 908-8511 Email: greg@hawkeyegold.com Web Site: www.hawkeyegold.com 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.

Cautionary Notes Regarding Forward Looking Statements This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward- looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

HAWKEYE Gold & Diamond Inc. Suite 655 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 dot www.hawkeyegold.com TSX VENTURE EXCHANGE HAWK / FRANKFURT EXCHANGE - HGT

File: '\\swfile\EmailIn\20251118 102825 Attachment HGO NR 396 - Hawkeye Closes PP for $97,900 - Nov 2025.docx'

- 3 -

HAWKEYE Gold & Diamond Inc.

Suite 655 - 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 dot www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK / FRANKFURT EXCHANGE - HGT

HAWKEYE Gold & Diamond Inc.

Suite 655 - 1771 Robson Street, Vancouver, BC, Canada V6G 3B7

Phone: (604) 908-8511 dot www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK / FRANKFURT EXCHANGE - HGT

November 18, 2025 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 396 - 2025

HAWKEYE CLOSES ITS NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): announces it has closed upon the non-brokered private placement previously announced through news release no. 394 - 2025 and as amended on November 2, 2025, via news release no. 395 - 2025. The placement closed by the Company issuing 1,958,000 units at a price of $0.05 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 $0.10 per common share for a period of twenty-four (24) months expiring on November 14, 2027.

If at any time after the closing date the Corporation's common shares have a closing price of $0.15 (CDN) or more per share for ten consecutive trading days on the TSX Venture Exchange (the "TSXV"), 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 thirty 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 thirty 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 finder's fees were paid on the Offering.

Proceeds will be used for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will 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 HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company owns a 100% interest in the Bonanza property, which is a high-grade copper, gold, silver skarn/porphyry prospect located on the northern region of Vancouver Island, BC, Canada. The Company owns three 2% royalty interests which are subject to buy-down provisions on the Railway, McBride and Todagin properties located in the Golden Triangle of northwest BC. 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 to manage its business in an environmentally responsible manner while contributing to the local community and economy.

HAWKEYE GOLD & DIAMOND INC.

Per:

"Greg Neeld"

President & CEO

Vancouver: (604) 908-8511

Email: greg@hawkeyegold.com

Web Site: www.hawkeyegold.com

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.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.