Hawk Uranium Inc.

Published : July 27th, 2009

Hawk Proceeding with Initial

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Hawk Proceeding with Initial Payment to Acquire Sonora, Mexico Property

Toronto, July 27, 2009 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (Hawk) has completed a rock chip sampling program on the San Bernardo, Sonora, Mexico claims that it agreed to evaluate under its previously announced Letter of Agreement regarding that property (see previous news release of June 1, 2009). Hawk is pleased to announce that it will now proceed with the initial payment in order to acquire a 100% interest in the property.

Pursuant to a letter agreement dated May 22, 2009, Hawk has the right to acquire, from San Bernardo, an unencumbered 100% interest in the mining claims referred to as Raquel 2 9,451.575 hectares, La Dura 8 100 hectares, La Dura 8 109 hectares, La Dura 5 90 hectares, La Dura 5 500 hectares
, located in the municipality of Alamos, Sonora, Mexico (the Sonora Claims). Further to the investigations conducted by Hawk, it was determined that one additional mining concession should be included in, and form part of, the Sonora Claims, namely Raquel 1 205.84 hectares.

Subject to any required TSX Venture Exchange approval, Hawk willas the initial payment issue 5,000,000 of its common shares on or before July 31, 2009.

The balance of the payments required from Hawk in order for it to have acquired and own 100% of the Sonora Claims are:

a) on or before 6 months following the closing, 5,000,000 shares; and
b) on or before 12 months following the closing, 5,000,000 shares.

Hawk has completed an initial sampling program of collecting and analyzing rock-chip samples from the Sonora Claims. The samples were sent to Jacobs Labs in Tucson, Arizona with pulps sent to IPL in Vancouver, B.C. for analysis. The results are being incorporated in a NI 43-101 Report being prepared by Mr. Tor Bruland, P.Geo. (B.C.) that will be filed on SEDAR within 45 days.

The initial recommendations are for a follow-up work program of US$ 176,000 to include:

1) a 400 rock sampling program;
2) a 2,100 soil sample geochemical program;
3) a complete geological mapping of the area.

About the Sonora Claims

The Sonora Claims are located in the western foothills of the Sierra Madre Occidental, approximately 30 kilometers North-Northwest of the town of Alamos, in Sonora, Mexico. The project area is confined to the Eastern side of the Rio Mayo and extends East and West beyond the local municipality of San Bernardo, Sonora.

The Alamos area mining district of Mexico is internationally renowned for its multi-metalic mining properties containing gold, silver, copper, lead, zinc, graphite and tungsten mineralization. Mining records show that this area was first developed by the Spanish in the 16th century.

The acquisition of the Sonora claims is a continuation of Hawk�s strategic plan to build a diversified portfolio of properties with high potential for near term resources and potential cash flow.

About Hawk Uranium Inc.:

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects, in addition to the Sonora, Mexico claims that are at various stages of exploration and drilling, for Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, 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.

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

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, President
Phone: 416-214-2250
Phone: 866-214-9486
Fax: 416-367-1954

Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com

This press release is not to be disseminated or used in the United States of America, and may not be viewed or relied upon in that country or by investors in that country. ..


 

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

http://www.rmcommunicationsinc.com/snapmail/img/spacer.gif

 

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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