2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  2002  2001  2000  

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOLD HAWK RESOURCES INC.

TSX VENTURE SYMBOL:  CGK

APRIL 27, 2005 - 09:42 ET

Gold Hawk Resources Signs an Agreement to Acquire the 
High Grade Cascabamba Silver-Gold-Copper Property in 
Peru

TORONTO, ONTARIO--(CCNMatthews - April 27, 2005) - Gold Hawk Resources 
Inc. (TSX VENTURE:CGK) is pleased to announce that further to their news 
release of December 15, 2004, they have signed a definitive agreement to 
acquire a 100% interest in the Cascabamba silver-gold-copper project in 
Peru. (See Press Release dated Dec. 15, 2005). The project encompasses 
approximately 1,100 hectares and is located 50 km. southwest of the town 
of Cajamarca in northern Peru.

Silver-gold-copper mineralization occurs along three epithermal low 
sulfidation quartz sulphide veins. The veins are 1.5 km. long and 0.1 to 
1.5 meters wide with a known depth extension of up to 80 meters below 
surface.

Under the terms of the agreement, Gold Hawk has the option to earn a 
100% interest in the property by paying to the owner, a private Peruvian 
company, a series of cash payments totaling US$550,000.  The cash 
payments are as per the following schedule: $30,000 on signing of a 
formal agreement, $50,000 six months from the date of signing the 
agreement, $170,000 twelve months from signing of the agreement and 
$300,000 once the property commences production. The owner will retain a 
1.5% NSR royalty of which 1% can be purchased by Gold Hawk at any time 
for US$750,000. In the event that production does not begin, at a 
minimum rate of 50 tpd, within three years from the signing of this 
agreement, Gold Hawk will have no interest in the property and the 
agreement will be cancelled.

In the 1930's, Cerro de Pasco Corporation did some lateral underground 
development and sank a 40-meter deep shaft on the Protectoro Vein. 
Sampling on a level, 35 meters below surface, returned the following 
assays. These results were from a mineralized shoot measuring 250 meters 
in length that is open both laterally and at depth (all assay results 
are from the 1930's):

/T/

   -   58 meters in length at 46.2 oz/t silver, 0.43 oz. /t gold and
       4% copper over 0.95 meters;
   -   33 meters in length at 32.9 oz/t silver, no assays for gold, 
       2.1% copper over 1.07 meters;
   -   21 meters in length at 180 oz. /t silver, no assays for gold, 
       and 8.5% copper over 0.40 meters;
   -   15 meters in length with no assays;
   -   18 meters in length at 103 oz. /t silver, 0.74 oz. /t gold, 4% 
       copper over 0.52 meters;
   -   80 meters in length with only three assays of 40.0, 18.7 and 
       16.2 oz. /t silver over 0.7 meters;
   -   26 meters in length at 142 oz/t silver, no assays for gold, 
       and 5.7% copper over 0.5 meters.

/T/

Assuming a 150 to 1 silver-gold ratio where no gold assays are reported 
and giving zero grades for the 15 and 80 meter sections which were not 
assayed or had few assays, the average grade of the 250 meter length of 
the drift would be 67 oz. /t silver, 0.44 oz. /t gold and 3.47% copper 
over an average width of 0.65 meters.

Additional ore shoots may occur anywhere along the strike length of the 
Protectora vein as past exploration was limited to only one third of the 
known length of the vein.  For example, a sample collected by Gold hawk 
last year from an old ore dump located 600 meters to the west of the 
western most limit of the ore shoot has returned 53 oz/t silver and 0.30 
oz/t gold, indicating that more ore grade mineralization may be 
discovered along this vein. Additionally, samples collected from the 
Mascota and Pozo veins yielded 7.15 oz/t silver and 0.27 oz/t gold and 
3.8 oz/t silver and 0.22 oz/t gold indicating the high grade nature of 
the other veins.

Mapping and geophysical surveys will commence immediately and as soon as 
permits are obtained it is Gold Hawk's intention to commence a drilling 
program to test the down dip extension of the Protectora vein. Assuming 
that this phase of the exploration program is successful, Gold Hawk 
plans to rehabilitate and resample the old underground workings, which 
are currently inaccessible. The objective is to build up sufficient 
resources and reserves to justify a 100 to 150 tpd operation.

Mr. Alain Vachon, P. Eng. Geologist, is the qualified person as per the 
43-101 guidelines responsible for the field supervision of the work 
completed so far. All samples collected by Gold Hawk have been assayed 
at the ALS CHEMEX laboratory in Lima, Peru. Gold and silver assays have 
been performed via fire assay-atomic absorption finish on a 30 gram 
sample. Gold values over 10 g/t were automatically reanalyzed via fire 
assay gravimetric finish for gold and multi digestion for silver.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Gold Hawk Resources Inc.
Mr. Gordon F. Bub
President and C.E.O.
(416) 616-3228
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.