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NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE

FOR:  GOLD HAWK RESOURCES INC.

ME SYMBOL:  CGK

AUGUST 14, 2001 - 09:51 EDT

Gold Hawk Closes a Private Placement

MONTREAL, QUEBEC--Gold Hawk Resources Inc. is pleased to announce 
the completion on August 1st of a private placement of 1,080,000 
common shares from 9 different investors at a unit price of $0.20 
for gross proceeds of $216,000.  Each common share is accompanied 
by a warrant which entitles the holder thereof to acquire one 
additional common share for a period of 18 months at a price of 
$0.25 per share.  80% of the proceeds will be used to drill test 
three mineralized veins 2.5 to 30.0 meter wide and more than 1.0 
km in length on the Company's wholly owned Machacala 
gold-silver-copper property in Northern Peru.  The remaining 
monies are to be used for working capital. 

In addition, the Company issued in June 2001, 333,333 common 
shares to Sodemex II, Limited Partnership, following the exercise 
of its warrants in June 2001 for a total amount of $66,667. 

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Gold Hawk Resources Inc.
Jean Depatie
President & C.E.O.
(514) 878-3551
(514) 878-4427 (FAX)
Email: goldhawk@colba.net