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NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: GOLD HAWK RESOURCES INC. TSX VENTURE SYMBOL: CGK JULY 9, 2002 - 09:59 EDT Gold Hawk Resources Inc.: Drilling to Commence on July 9th at the Machacala Gold-Silver Project in Peru MONTREAL, QUEBEC--Gold Hawk Resources Inc. (CGK, TSX Venture) is pleased to announce commencement of a 7,000 m., 43 holes, drilling program at its wholly owned gold-silver Machacala property located east of the city of Trujilo in northern Peru. This important exploration phase has been made possible thanks to the financial and technical assistance provided by Meridian Gold Inc., Gold Hawk's largest shareholder who is also acting as operator on the project. While Meridian was securing most the surface rights on the property, its geologist spent the last three months mapping, sampling and targeting on the site. The drilling program will consist of approximately 2,000 m. of core drilling and 5,000 m. of reverse circulation drilling (most of the time in a combined manner). It will take several months to complete the program and to test multiple mineralized veins and vein systems, 11 in all, both along strike and at depth. Results are expected to be release in an orderly fashion. Gold Hawk Resources Inc. is also pleased to announce the recent nomination of Mr. Edward Colt and Richard Oldrich to its board of directors. Mr. Colt is Vice President Finance and Chief Financial Officer and Corporate Secretary of Meridian Gold Inc. while Mr. Richard Oldrich is a consultant in the field of management and is also involved in financial ventures and growth. Meridian Gold Inc and Gold Hawk Resources Inc. have reached an agreement on March 25th, 2002 by which Meridian can buy, by steps, up to 26,000,000 treasury shares of Gold Hawk at a unit price of $0.20 over a maximum period of 2 years. At the time of the agreement, Gold Hawk had 25,272,801 outstanding shares. -30-FOR FURTHER INFORMATION PLEASE CONTACT:
Gold Hawk Resources Inc.
President and CEO
(514) 397-8620 (FAX)
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responsibility For the adequacy or accuracy of this press release.