TORONTO, ONTARIO--(Marketwire - Jan. 19, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM)("Hawk" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange (the "Exchange") for a one-year extension to the term of issued and outstanding warrants exercisable for a total of 20,348,316 common shares at an exercise price of $0.50 per share (the "Warrants"). The Warrants were issued as part of a private placement that closed in three tranches on January 19, 2007, January 29, 2007 and February 9, 2007. Gross proceeds of approximately $4,211,663 were raised in that private placement. Since issuance, none of the Warrants have been exercised and all of the Warrants are outstanding.

As originally issued, these Warrants had a term of two years, expiring on January 19, 2009, January 29, 2009 or February 9, 2009, depending on the date of issuance. Hawk has extended the term of these Warrants for one additional year, with the result that they would expire on January 19, 2010, January 29, 2010 or February 9, 2010, as applicable.

As disclosed in Hawk's press release of December 11, 2008 (and the subsequent correction notice in its press release of January 13, 2009), Hawk had been seeking a three-year extension to the term of the Warrants and a reduction in their exercise price. Also as previously disclosed, under Exchange policies, it is a pre-condition that Hawk obtain the written consent of all of the Warrant-holders to those requested changes. Hawk is in the process of contacting the applicable Warrant-holders to request the required consents, but has not received consents from all Warrant-holders at this time. As a result, Hawk has proceeded with a one-year extension to the term of its Warrants.

About Hawk Uranium

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Nickel/Copper/PGM in the "Ring of Fire" McFauld's Lake Area of N. Ontario, Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and P&NG Leases in S.W. Ontario.

More detailed information is available on the website at www.hawkuranium.com

CAUTIONARY STATEMENT

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Hawk Uranium Inc.
H. Vance White
President
(416) 214-2250 or Toll Free: 1-866-214-9486
(416) 367-1954 (FAX)

Hawk Uranium Inc.
Corinna de Beer
Investor Relations
(416) 792-0343

Email: ir@hawkuranium.com
Website: www.hawkuranium.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.