March 27, 2023 – TheNewswire - Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the “Company” or "HAWKEYE") (TSXV:HAWK); (Frankfurt:HGT); (WKN:A12A61) (ISIN:CA42016R3027):  announces that the Board of Directors have approved a consolidation of the Company’s common shares on the basis of one (1) post-consolidated share for every ten (10) pre-consolidated shares (the “Consolidation”).

Currently, the Company has 96,699,502 common shares issued and outstanding. Following Consolidation, the Company will have approximately 9,669,950 common shares issued and outstanding, subject to rounding. The Company’s name and trading symbol will remain the same.

The Consolidation is subject to TSX Venture Exchange (TSX.V) approval.

Upon receiving TSX.V acceptance for the Consolidation, the Company will issue a news release announcing the effective date in which the Company will commence trading on a post-consolidation basis along with its new CUSIP number.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company's properties are located in the world-class Barkerville gold camp situated in the historic Cariboo Mining District of central BC, and on Vancouver Island, BC, Canada. The Company owns four 2% royalty interests which are subject to buy-down provisions on the Railway, McBride, Boomerang 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.