Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the 'Company' or 'HAWKEYE') (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce the start of field exploration over its 100% owned Seller Creek, Cariboo Valley and 2 Aces West properties, building on results gathered during the first phase of exploration work performed during September and October 2021 (the '2021 work program' or 'Exploration Program'). These contiguous properties cover approximately 10,861.17 hectares (the 'Properties') and are strategically located 28 kilometres ('km') southeast of the Town of Barkerville in the prolific Barkerville / Cariboo gold camp in central British Columbia ('BC'), Canada. The Properties lie within the southeasterly-striking Snowshoe Group of the Barkerville Terrane which has been a focus for major historical and recent exploration and mining.

The 2022 work program is being guided by Phase 1 ground work completed in September - October 2021, compilations of historical data associated with existing mineral files, regional trends and geophysical targets identified through Hawkeye's 2018 airborne geophysical survey by Geotech Ltd. ('Geotech'), and a leading geophysical consulting firm who processed the raw data and completed an overall interpretation including 3D inversion analysis.

Seller Creek The program at Seller Creek will focus on two primary target areas:

Goose Range Anticline: Mapping and sampling in 2021 identified an anticlinal fold in the Goose Range of mountains. The axis of this structure was traced for 1.9km during the 2021 field activities and nine of the 45 rock samples were collected along the axis returning anomalous zinc values between 30 and 383 parts per million ('ppm'). 2022 work will include traverses to extend the strike and to identify further geochemical anomalies.

Seller Creek Showing: A post-season literature review unearthed a mineral showing not recorded in the Provincial 'Minfile' database. The Seller Creek showing identified in the late 1990's was discussed in a summary paper reassessing the area for mineral potential (Ferri, 2001), and is described as 'disseminated chalcopyrite, galena and sphalerite within a quartz sandstone immediately adjacent to a white and grey banded marble and can be traced for several hundred metres'. Reported grab sample grades from outcrop are 0.39% copper, 0.19% lead and 0.1% zinc. The location of this showing is coincident with a distinct magnetic 'high' as reported by Geotech.

The 2 Aces West project work will be focused on exploration and sampling of rocks along the faulted contact of the Lower Harvey's Ridge and Downey Successions. To the northwest of the project area, several mineral showings and historical workings for lead, silver, and gold trend along the same contact. Samples collected in 2021 returned weakly anomalous results for lead and zinc collected from pyritebearing quartz veins from the rocks along the contact. Although at an early stage, these new anomalies align with known mineral showings. Additional work in 2022 will focus on definition of the trend and allow additional time for regional mapping and sampling

Barkerville was the centre of the historic Cariboo gold rush starting in 1860. The recorded production estimate from 1861-1987 reported more than 5,000,000 ounces of gold which included 3,800,000 ounces from placer operations and 1,230,000 ounces from lode mining. Hawkeye's six (6) Barkerville Properties are either contiguous or near the southern boundary of the Osisko Development's Cariboo Gold Project. Osisko Development recently announced a measured and indicated resource of 3.2 million ounces gold at 4.6 g/t and an inferred resource of 2.7 million ounces of gold at 3.9 g/t for their project. The author cautions the reader that proximity to resources are not an indication of expected results from these properties but to be used as a guide only.

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company owns 100% interests in six precious and base and battery metals properties in the world-class Barkerville gold camp situated in the historic Cariboo Mining District of central BC and a 100% interest in a high-grade copper property on Consistent with Hawkeye's vision to develop a prospect and royalty generator component for the Company, and subsequent to the sale of its McBride, Railway, Boomerang and Todagin properties to Newcrest Mining, Hawkeye owns a 2% net smelter royalty on each of these four copper, gold, silver, platinum and zinc properties located in the prolific Golden Triangle of northwest BC which are subject to buy-down provisions. 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.

Web Site: www.hawkeyegold.com

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