HAWKEYE Commences Ground IP Survey at McBride Property

VANCOUVER, August 15, 2019 - Hawkeye Gold & Diamond Inc. (the “Company” or “HAWKEYE") (TSXV:HAWK)(Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that HAWKEYE has commenced its ground-based Induced Polarization (IP) geophysical surveys over the Company’s McBride Project in the Golden Triangle of northwest BC.

The recently announced survey (news release No. 318 - 2019) will cover 15 line-km encompassing two airborne magnetic anomalies coincident with a 2 km long Cu-Au geochemical trend with samples reporting up to 5.18 g/t Au and 1.89% Cu and an annular-shaped magnetic high commonly associated with intrusion-hosted Cu-Au porphyry deposits.

The geophysical survey is being performed by Dias Geophysical Ltd. using the DIAS32 system, which will provide both 2D and 3D data sets designed to outline resistivity and chargeability anomalies at depths of over 750 metres.

High priority geophysical anomalies interpreted from the survey will be tested by diamond drilling up to 3,000 metres later in 2019.

Mr. Greg Neeld, President & CEO of the Company states, “HAWKEYE’s previous programs at McBride identified targets warranting follow-up exploration for deep-seated porphyry-style deposits. HAWKEYE is excited to commence its ground geophysics with the ultimate goal of drill testing the highest priority anomalies in late 2019. The Company is well positioned in the Golden Triangle, with two of the world’s largest miners recently making significant investments.”

Qualified Person

Technical information in this news release has been approved by Andrew Mitchell, B.Sc., P. Geo., a senior geologist with C.J. Greig & Associates and a qualified person for the purpose of National Instrument 43-101. Mr. Mitchell has prepared, reviewed and validated the technical information contained within this release.

About HAWKEYE

Hawkeye Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company's precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.

Hawkeye Gold & Diamond Inc.
Per:

“Greg Neeld”

President & CEO
Vancouver: (778) 379-5393
Email: greg@hawkeyegold.com
Web Site: www.hawkeyegold.com

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.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: Hawkeye Gold & Diamond Inc.