Hawk Announces Shares for Debt Agreement With Service Providers

• Press Release
• Source: Hawk Uranium Inc.
• On 9:42 am EDT, Friday March 20, 2009

TORONTO, ONTARIO--(MARKET WIRE)--Mar 20, 2009 -- Hawk Uranium Inc. (CDNX:HUI.V - News)(Frankfurt:HPM.F - News) ("Hawk" or the "Company") announces that it has reached an agreement with six of its services providers (the "Creditors") to settle debt in the aggregate amount of $39,430.87, inclusive of GST, for certain services rendered during the period from November 1, 2008 to January 30, 2009. The Creditors have agreed to settle their respective portions of the debt, inclusive of GST, in exchange for the issuance of common shares in the capital of the Company ("Common Shares") at a price of $0.10 per Common Share, for an aggregate issuance of 394,309 Common Shares.

Related Quotes

Symbol	Price	Change
HPM.F	0.04	-0.02

{"s" : "hpm.f","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The completion of the shares for debt settlement is subject to the approval of the TSX Venture Exchange (the "Exchange"). The Company intends to apply to the Exchange for approval of the shares for debt settlement in due course.

About Hawk Uranium Inc.

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 Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the 'Ring of Fire' McFauld's Lake Area of N. 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.

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.

     Contacts:
     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: http://www.hawkuranium.com