Gold Hawk Grants Incentive Stock Options
Published : March 24, 2011
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Keywords :   Canada | Copper | Debt | Gold | Market | Recovery |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2011) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (News - Market indicators) advises that the Board of Directors has granted stock options to directors and consultants of the Company.

Options were granted to purchase 750,000 common shares in the capital of the Company, exercisable for a period of five years at a price of $1.90 per share and subject to the terms and conditions of the Company's Stock Option Plan and TSX Venture Exchange approval. The non-Director share options vest one-third immediately upon the date of grant, one-third will vest 12 months from the date of grant and the final one-third of the options will vest 24 months from the date of grant. Share options granted to Directors vest immediately.

About Gold Hawk Resources Inc.

Gold Hawk (News - Market indicators) is a Vancouver, Canada-based company with a focus on uncovering overlooked deep-value projects to achieve superior shareholder returns. The Company is the sole owner and operator of Oracle Ridge Mining LLC and copper mine located 24 km northeast of Tucson, Arizona. Gold Hawk has cash on hand of approximately $21 million, minimal long-term debt and is managed by an experienced team of mining professionals with extensive operating and financial experience.

Forward-looking Statement Disclaimer

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Gold Hawk Resources Inc. (hereinafter referred to as the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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.

Gold Hawk Resources Inc.
Mr. Jason Mercier
Investor Relations
(604) 689-9261
info@goldhawkresources.com
www.goldhawkresources.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Gold Hawk Resources Inc

EXPLORATION STAGE
CODE : GHK.V
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Gold Hawk Res. is a gold and silver development stage company based in Canada.

Gold Hawk Res. holds various exploration projects in Canada.

Its main exploration properties are BARRY-SOUART, VERNEUIL TOWNSHIP and ORACLE RIDGE in Canada.

Gold Hawk Res. is listed in Canada. Its market capitalisation is CA$ 289.4 millions as of today (US$ 295.2 millions, € 204.6 millions).

Its stock quote reached its lowest recent point on January 15, 2010 at CA$ 0.67, and its highest recent level on February 25, 2011 at CA$ 2.50.

Gold Hawk Res. has 226 122 000 shares outstanding.

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In the News and Medias of Gold Hawk Resources Inc
6/21/2007Annouces fatal accident at Coricancha Mine
Financings of Gold Hawk Resources Inc
5/19/2010Proposes amendments to share purchase warrants
12/10/2009Signs US$12.5 Million Indicative Term Sheet For Standby Cred...
10/20/2009Closes Private Placement
6/3/2009closes non-brokered private placement
3/5/2009Gold Hawk closes $1.0 million private placement
2/4/2009announces non-brokered private placement
7/24/2007 Announcement of $10 Million Bought Deal Financing
Option Grants of Gold Hawk Resources Inc
3/24/2011Grants 750,000 Stock Options at $1,90
10/29/2007APPOINTMENT AND AMENDMENT TO STOCK OPTION PLAN AND GRANT OF ...
Nominations of Gold Hawk Resources Inc
4/11/2008appoints new Chief Financial Officer
2/4/2008APPOINTMENT OF VICE PRESIDENT - PROJECTS
Financials of Gold Hawk Resources Inc
4/2/2011Files Annual Audited Financial Results
6/1/2010Files first quarter financial results
5/1/20102009 Financial Results
11/27/2009Files 3rd Quarter Financial Results
6/5/2009files first quarter 2009 financial results
12/2/2008announces third quarter financial results
6/4/2008announces first quarter financial results
5/1/2008Announces 2007 Financial Results
8/30/2007Q2-2007 Financial Results
Project news of Gold Hawk Resources Inc
5/29/2011(Oracle Ridge)Samples 150 Feet of 2.17% Copper in a Historic Un-Mined Subl...
5/12/2011(Oracle Ridge)Intercepts 25 Feet of 4.63% Copper, 1.25 opt Silver at Oracl...
8/12/2009(Coricancha)enters into non-binding heads of agreement
1/8/2009(Coricancha)receives final permit to construct permanent tailings facili...
5/26/2008(Coricancha)Provides an Update on Its Response to Natural Ground Displac...
5/12/2008(Coricancha)Temporarily Suspends Crushing and Milling Operations at Cori...
4/10/2008first quarter gold production doubles as overall production ...
Corporate news of Gold Hawk Resources Inc
6/7/2011Shareholders Approve All Motions at AGM
3/24/2011Grants Incentive Stock Options
8/17/2010signs Letter of Intent to acquire the Oracle Ridge Copper Mi...
8/18/2010shareholders approve all resolutions at AGM
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5/21/2010Receives regulatory approval for warrant amendments
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1/30/2010Ceases merger discussions with Nuinsco
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12/3/2009Share consolidation effective date and new trading symbol
11/12/2009Closes Coricancha Mine Transaction
11/10/2009Board Change
10/13/2009Mails Meeting Information Circular This Week
10/1/2009Signs Share Purchase Agreement
9/28/2009receives final approval of modified EIA including new Chinch...
6/6/2009posts AGM presentation to website
2/18/2009receives US$2.0 million from restructured loan
2/6/2009issues shares to advisor
2/2/2009Gold Hawk reaches an agreement to restructure its debt
1/24/2009receives debt acceleration notice from lender
12/31/2008Provides status update on dept repayment
9/2/2008CGK News Release
8/13/2008CGK Latest News release
8/6/2008distributes media release
7/28/2008expects to restart operations in six to eight months once ap...
7/14/2008amends warrant terms
6/27/2008CGK Latest News Release
5/6/2008strengthens management team
3/3/2008PRODUCTION UPDATE
2/26/2008announces new investor relations role
11/28/2007refinance debt facility
10/1/2007Achieves commercial production at Coricancha
8/17/2007$10 million financing closed
8/16/2007Mine operation unaffected bay earthquake
8/1/2007Announcement of US$3 million Loan Facility
7/5/2007Announces Senior Management Changes
5/28/2007Coricancha Operations Update
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TSX-V (GHK.V)
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