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Hawkeye Acquires "Grand Dixie South" Property-Red Lake

VANCOUVER, BRITISH COLUMBIA, Dec 4, 2007 (Marketwire via COMTEX News Network) --

HAWKEYE Gold & Diamond Inc.: (TSX VENTURE:HKO) (the "Company") is pleased to announce that it has acquired a 100% interest in the Grand Dixie South Property which is situated in the Red Lake Mining District in northwest Ontario, Canada. HAWKEYE acquired the Property by staking 1,280 acres along the southern border of the Grandview Gold discovery property thereby increasing its land position in the Dixie Lake area from 5,500 to 6,780 acres.

HAWKEYE GOLD & DIAMOND INC.

Greg Neeld, President & CEO

CUSIP NO: 42016R 10 4

12g3-2(b):82-2435

SOURCE: Hawkeye Gold & Diamond Inc.

HAWKEYE Gold & Diamond Inc. Greg Neeld President & CEO (604) 878-1339 or Toll Free: 1-800-665-3624 Email: hko@hawkeyegold.com Website: www.hawkeyegold.com

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