Mr. Greg Neeld reports

HAWKEYE ANNOUNCES CLOSING Of A NON-BROKERED PRIVATE PLACEMENT

Hawkeye Gold & Diamond Inc. has closed upon a non-brokered private placement previously announced on March 3, 2026 (news release No. 397-2026) by selling 2,259,000 non-flow-through units at a price of five cents per common unit. The offering raised the company total proceeds of $112,950.

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 of the issuer at a price of 10 cents per common share for a period of 24 months expiring on May 22, 2028.

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 ten 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 Sept. 23, 2026. Proceeds from the financing will be used for general working capital purposes. A total of $3,600 and the issuance of 36,000 share purchase warrants, exercisable at a price of 10 cents per share expiring May 22, 2028, were issued in connection with this private placement for finders' fees.

Insiders of the company participated in the private placement, which is considered to be a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, adopted in Policy 5.9. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the offering, as neither the company is listed on a specified market nor does the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeds 25 per cent of the company's market capitalization (as determined under MI 61-101).

About Hawkeye Gold & Diamond Inc.

Hawkeye Gold 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, silver skarn/porphyry prospect located on the northern region of Vancouver Island, B.C., 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 to manage its business in an environmentally responsible manner while contributing to the local community and economy.

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