Hawk Uranium Inc. Announces Closing of First Tranche of Private Placement

Toronto, May 4, 2010 – Hawk Uranium Inc.. (TSX-V:HUI, FRANKFURT:HPM, OTC.PK:HWKPF) (“Hawk”) is pleased to announce the closing of the first tranche of its private placement that was previously disclosed in its press releases of April 7, 2010 and April 30, 2010 (the “Private Placement”), in which 1,350,000 flow-through units (each, a “Flow-Through Unit”) were purchased at a price of $0.10 per Flow-Through Unit for aggregate proceeds of $135,000.

Each Flow-Through Unit consists of one common share of Hawk to be issued as a “flow through share” (as defined in the Income Tax Act (Canada)) and one half of one non-flow-through common share purchase warrant (each full warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share of Hawk for a period of 2 years at an exercise price of $0.15 per share for the first 12 months from the date of issue, and at an exercise price of $0.20 per share for the next 12 months thereafter. The securities are subject to a four-month hold period which expires on September 5, 2010.

Under the terms of Hawk’s compensation arrangement with IBK Capital Corp. (“IBK”), the agent retained to assist with the Private Placement, Hawk has paid cash finder’s fees of $12,150, equal to 9 % of the funds raised, and issued a total of 135,000 broker warrants to IBK and its designee (the “Broker Warrants”), equal to 10% of the number of Flow-Through Units and Common Share Units placed. The Broker Warrants issued in connection with the placement of Flow-Through Units are exercisable to purchase one unit (consisting of one common share of Hawk and one half of one warrant having the same terms as the Warrants) at a price of $0.10 per unit. Each Broker Warrant is exercisable for a period of four years from the date of issue.

The net proceeds of the private placement will be used to fund exploration work on the Issuer’s “Ring of Fire” claims located near James Bay, Ontario, and for other qualifying flow-through expenditures.

Hawk has received conditional approval of the Private Placement from the TSX Venture Exchange (the “Exchange”). The closing of the private placement is subject to the Exchange’s final acceptance, which is conditional upon receipt and acceptance of final documents from Hawk, including an updated Private Placement Notice Form (Form 4B), payment of the balance of the application fee, and any other information that the Exchange may require.

About Hawk Uranium Inc.:

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