Receives US$2.0 Million From Restructured Loan

Oracle Ridge Copper Mine - Tucson, Arizona

2.17% copper - Production facility construction is expected to begin in the first half of 2012

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Receives US$2.0 Million From Restructured Loan

posted on Feb 18, 2009 02:06AM

February 17, 2009

Gold Hawk Receives US$2.0 Million From Restructured Loan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:CGK) is pleased to announce that it has received US$2.0 million of new funds as part of its previously announced restructured loan agreement.

As part of the agreement to assign the Company's loan to a new lending syndicate, former lead lender NATIXIS will be issued 5,000,000 shares of Gold Hawk in lieu of the 13,500,000 share purchase warrants that Gold Hawk was required to issue to NATIXIS for the loan extension in October 2008, which did not receive final approval from the TSX Venture Exchange. The final loan agreement and all associated fees will be subject to certain conditions, including receipt of final approval of the TSX Venture Exchange.

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