Nighthawk Completes $8,000,000 Private Placement

TORONTO, ONTARIO--(Marketwired - Jun 25, 2014) - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX VENTURE:NHK) is pleased to announce it has issued 17,262,500 flow through units ("FT Units") at a price of $0.40 per FT Unit and 2,737,500 units (the "Units") at a price of $0.40 per Unit for aggregate gross proceeds of $8,000,000 pursuant to its previously announced private placement (the "Offering"). Each FT Unit consists of one common share of Nighthawk, which qualifies as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Unit consists of one common share and one-half of one Warrant. Each Warrant entitles the holder thereof to acquire one common share of Nighthawk at a price of $0.50 until December 25, 2015.

Primary Capital Inc., as lead agent, PowerOne Capital Markets Limited and Edgecrest Capital Corporation acted as agents for and on behalf of the Company, with respect to the Offering, pursuant to which they received a cash commission equal to 6% of the gross proceeds of the Offering and 1,200,000 broker warrants each of which is exercisable to acquire one common share at a price of $0.45 until December 25, 2014.

The securities issued are subject to a hold period expiring October 26, 2014 in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such further restrictions as may apply under foreign securities laws.

The gross proceeds from the sale of the FT Units will be used to incur "Canadian exploration expenses" (as such term is defined in the Tax Act), which also qualify as "flow-through mining expenditures" (as defined in the Tax Act provided the amendments to the term as contained in the February 11, 2014 federal budget become law), on the continued exploration of the Company's Indin Lake Gold property located in the Northwest Territories. The net proceeds from the sale of the Units will be used for general working capital purposes. The Offering remains subject to the final approval of the TSX Venture Exchange.

Nighthawk Gold Corp.

Nighthawk is a Canadian-based exploration company focused on acquiring and developing gold mineral properties in the Northwest Territories, Canada. Its land position covers 229,791 acres or 930 square kilometres in the Indin Lake Gold Camp, located approximately 220 kilometres north of Yellowknife, Northwest Territories.

For more information about the Company, please visit www.nighthawkgold.com.

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 news release.