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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.
President & C.E.O.
(514) 878-4427 (FAX)