Hawk Completes Issuance of Shares to Insider Providers and Announces Election of Directors and Officers

Toronto, March 1, 2010 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (“Hawk”) announces that, following approval of the disinterested shareholders of Hawk and final approval of the TSX Venture Exchange (“Exchange”) of a shares for debt settlement with three service providers who are directors and/or officers of Hawk, Hawk is issuing the following shares to those service providers:

1. an aggregate of 261,620 common shares at a deemed price of $0.10 per share to settle an aggregate debt of $26,162.04 for services rendered from February 1, 2009 to July 31, 2009; and

2. an aggregate of 173,316 common shares at a deemed price of $0.10 per share to settle an aggregate debt of $17,331.60 for services rendered from August 1, 2009 to November 30, 2009 (the “Issuance”).

The Exchange previously issued conditional acceptance of the Issuance, subject to Hawk obtaining approval of a majority of its disinterested shareholders.

The Issuance is part of a larger shares for debt settlement with five other (non-insider) service providers of Hawk in respect of services rendered from February 1, 2009 to July 31, 2009 and from August 1, 2009 to November 30, 2009. That transaction was previously completed with the approval of the Exchange. For more information on those shares for debt settlements, please refer to Hawk’s press releases of February 16, 2010 and November 20, 2009.

The common shares issued are subject to a hold period under Exchange policies that expires on June 27, 2010.

Election of Directors and Officers

At the annual and special meeting of the shareholders of Hawk held on February 23, 2010, the following persons were elected to serve as directors of Hawk to hold office until the next annual meeting of shareholders or until their successors are elected or appointed: H. Vance White, Walter Brooks, Michael Newbury, J. Birks Bovaird, and Richard Nemis.

Following the shareholder meeting, the board of directors of Hawk re-appointed of the existing officers of Hawk, namely:

H. Vance White – Chairman, interim President and CEO
Walter Brooks – Vice President, Corporate Development
Gaetan Chabot – CFO
Denis S. Frawley – Secretary

In addition, Michael Newbury, Walter Brooks and J. Birks Bovaird were appointed as members of Hawk’s Audit Committee, and J. Birks Bovaird, Richard Nemis and Michael Newbury were confirmed as members of Hawk’s Nominating, Compensation and Governance Committee.

About Hawk Uranium Inc.

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario.

More detailed information is available on the website at www.hawkuranium.com.

Cautionary Statement:

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Hawk Uranium Inc.
H. Vance White, Interim President and CEO
Phone: 416-214-2250
Fax: 416-367-1954
Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com
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