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NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOLD HAWK RESOURCES INC.

TSX VENTURE SYMBOL:  CGK

JULY 14, 2003 - 11:45 ET

Gold Hawk Adopts New Stock Option Plan and Grants
Options

MONTREAL, QUEBEC--Gold Hawk Resources Inc. (CGK: TSX Venture) 
announces that on May 8, 2003, its Board of Directors adopted the 
2003 Stock Option Plan pursuant to which a maximum of 1,550,000 
common shares of Gold Hawk may be issued to its directors, 
officers, employees and consultants.  Pursuant to the Plan, an 
option will be exercisable for a maximum period of 5 years from 
the date of its grant.  Further, the exercise price of options 
granted pursuant to the Plan will be determined by the Board of 
Directors of Gold Hawk at the time of the grant but shall in no 
event be less than the closing price of the common shares of Gold 
Hawk on the TSX Venture Exchange on the business day immediately 
preceding the date of the grant. The Plan is subject to 
regulatory approval, including that of the TSX Venture Exchange. 

On July 14, 2003 pursuant to the 2003 Stock Option Plan an 
aggregate of 405,000 options were granted to eight of Gold Hawk's 
directors and officers.  All of the options are exercisable for a 
period of five years with an exercise price of $0.25 per common 
share. 

Gold Hawk's common shares are listed on the TSX Venture Exchange 
under the symbol CGK. 

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FOR FURTHER INFORMATION PLEASE CONTACT:
Gold Hawk Resources Inc.
Jean Depatie
President and CEO
(514) 393-4343
(514) 397-8620 (FAX)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press
release.