Hawk Uranium Inc.

Published : July 09th, 2008

Mobilizes Drill Rig onto Holdsworth - July 8, 2008

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Keywords :   Antimony | Copper | Diamond | Gold | Iron | Nickel | Oil | Silver | Uranium | Water |
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Hawk Mobilizes Drill Rig onto the Holdsworth Gold Property, Wawa Area, Northern Ontario

Drilling Discontinued at Eberts Prospect

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Toronto, July 08, 2008 - Hawk Uranium Inc. (TSX Venture Exchange: HUI.V) (FRANKFURT: HPM) ("Hawk") is pleased to announce that it has completed field exploration, including line cutting, geologic mapping, rock chip sampling and a ground Magnetic Survey, on its wholly-owned Holdsworth Gold Property in the Hawk Junction – Wawa Area of Northern Ontario.� � �  Based on the results, Hawk has contracted with Orbit-Garant Drilling Inc. (Val-D’Or, Quebec) to mobilize a Diamond drill rig onto the property. The Holdsworth Property consists of 19 contiguous patented mining claims (304 hectares) in the Corbiere and Esquega Townships, Ontario.

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Holdsworth Project

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A total of 68 grab samples were collected and have been sent to SGS, Don Mills, Ontario for Gold and Silver fire assay analysis and an additional 111 quartz vein samples sent to Actlabs, Thunder Bay, Ontario for Metallic Sieve Gold Analysis plus a 37 element Aqua Regia Extraction – ICP/OES analysis that includes Silver, Arsenic, Antimony and Mercury. � � Results are pending.

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A 2500m drill program is planned to test the Soocana Vein System that was previously drilled by Soocana Mining Company in 1931, by Falconbridge in 1985 and Reed Lake Exploration in 1988. (See previous press release of May 14, 2008.) The Orbit-Garant drill rig is capable of drilling to a depth of 450m using NQ size core.

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The Holdsworth Property has the potential to host Gold and Silver mineralization within three (3) distinct geological environments namely (1) lode gold in traditional quartz veins – “The Soocana Vein” (2) an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) – “The Black Sands” and (3) the precursor to the black sands - a massive pyrite zone (Algoma Iron Formation) at depths – “The Massive Sulphide”. All three Gold & Silver prospects occur within Archean aged mafic to intermediate metavolcanic rocks of the Michipicoten Greenstone Belt.

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Eberts Prospect

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A test oil well was drilled on the Company’s 40% working interest on the Eberts Prospect in Kent County Ontario to a depth of 523 feet to test the Devonian Formation. � The zone identified by earlier seismic and well control proved to be water laden and as a result the prospect has been abandoned.

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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 Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario, Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and P&NG Leases in S.W. Ontario.� 

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Michael Newbury, P.Eng, a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Hawk.

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

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Cautionary Statement:

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The TSX Venture Exchange has not reviewed and does not accept 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.

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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.

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Contact:

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H. Vance White

President

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Corinna de Beer

Investor Relations

Phone:

Phone:

Fax:

416-214-2250

866-214-9486

416-367-1954

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Phone:

eMail:

416-792-0343

ir@hawkuranium.com

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SnapMail is a Service of www.RMC.mobi
Hawk Uranium Inc.
2500 – 120 Adelaide St.W.
Toronto, Ontario
Canada M5H 1T1

Tel: 416-214-2250
Toll: 866-214-9486
Fax: 416-367-1954

info@hawkuranium.com
www.hawkuranium.com

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Hawk Uranium Inc.

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Hawk Uranium is a uranium exploration company based in Canada.

Its main exploration properties are GRAND CALUMET, CLUFF LAKE PROPERTY, CHARLEBOIS LAKE, CORTEZ PROPERTY, BIG MAC/MACNUGGET and HOLDSWORTH in Canada.

Hawk Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.0 millions as of today (US$ 4.0 millions, € 3.0 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.49, and its lowest recent point on December 24, 2008 at CA$ 0.02.

Hawk Uranium has 52 935 000 shares outstanding.

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Financings of Hawk Uranium Inc.
4/30/2010Adds Common Share Units to Private Placement - April 30
1/22/2010Announces Repricing of Warrants - January 22, 2010
1/20/2010Announces Proposed Repricing of Warrants -
1/7/2010Announces Closing of Private Placement - J
2/12/2009Amendments to Terms of Warrants
1/19/2009Extends Term on Warrants
12/11/2008Proposes Amendments to Warrants
Nominations of Hawk Uranium Inc.
9/2/2009Appoints Robert S. Stewart as CEO: Undertakes $750,000
Project news of Hawk Uranium Inc.
6/23/2009(Holdsworth)Signs Contract for Auger Drill Program - Holdsworth, On
2/25/2009(Mc Fauld's Lake)Terminates Interest in Noront Resources/Hawk JV Proper
1/13/2009(Holdsworth)Holdsworth Drill Results - January 13, 2009
7/14/2008(Holdsworth)Extends Soocana Vein to 750m, Chip Sample returns 42.5
7/9/2008(Holdsworth)Mobilizes Drill Rig onto Holdsworth - July 8, 2008
Corporate news of Hawk Uranium Inc.
5/4/2010Announces Closing of First Tranche of Private Placement
3/1/2010Completes Issuance of Shares - March 1, 2010
12/16/2009Announces Resignation of Robert S. Stewart - December 1
11/27/2009Sells Cluff Lake Uranium Claims - November 27, 2009
11/20/2009Completes Issuance of Shares to Service Providers - Nov
11/10/2009Enters into Letter of Intent for Ghanaian Mining Claims
8/18/2009Not to Proceed with Acquistion of Sonora, Mexico Proper
7/27/2009Hawk Proceeding with Initial
6/1/2009Acquire Gold Property in Sonora, Mexico - June 1, 20
3/11/2009Acquires Additional Uranium Claims In N. Saskatchewan -
3/9/2009Results of Shareholders' Meeting - Mar.6, 09
11/21/2008Extends Loan to Wits Basin Precious Minerals Inc
9/3/2008 Amends PR Agreement
8/13/2008Receives Additional Gold and Silver Results from Holdsw
7/28/2008Obtains extension on Payment Installment for Cortez Pro
7/2/2008 Commences Exploration on Cortez Property - July 2, 2008
6/2/2008Launches Corporate Website
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TSX-V (HUI.V)FRANKFURT (HPM.F)
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