HAWKEYE Gold & Diamond Inc. announced the start of field exploration over its 100% owned Seller Creek, Cariboo Valley and 2 Aces West properties, building on results gathered during the first phase of exploration work performed during September and October 2021 (the "2021 work program" or "Exploration Program"). These contiguous properties cover approximately 10,861.17 hectares (the "Properties") and are strategically located 28 kilometres ("km") southeast of the Town of Barkerville in the prolific Barkerville /Cariboo gold camp in central British Columbia ("BC"), Canada. The Properties lie within the southeasterly-striking Snowshoe Group of the Barkerville Terrane which has been a focus for major historical and recent exploration and mining.

The 2022 work program is being guided by Phase 1 ground work completed in September - October 2021, compilations of historical data associated with existing mineral files, regional trends and geophysical targets identified through Hawkeye's 2018 airborne geophysical survey by Geotech Ltd. ("Geotech"), and a leading geophysical consulting firm who processed the raw data and completed an overall interpretation including 3D inversion analysis. The program at Seller Creek will focus on two primary target areas: Goose Range Anticline: Mapping and sampling in 2021 identified an anticlinal fold in the Goose Range of mountains. The axis of this structure was traced for 1.9km during the 2021 field activities and nine of the 45 rock samples were collected along the axis returning anomalous zinc values between 30 and 383 parts per million ("ppm").

2022 work will include traverses to extend the strike and to identify further geochemical anomalies. Seller Creek Showing: A post-season literature review unearthed a mineral showing not recorded in the Provincial "Minfile" database. The Seller Creek showing identified in the late 1990's was discussed in a summary paper reassessing the area for mineral potential (Ferri, 2001), and is described as "disseminated chalcopyrite, galena and sphalerite within a quartz sandstone immediately adjacent to a white and grey banded marble and can be traced for several hundred metres".

Reported grab sample grades from outcrop are 0.39% copper, 0.19% lead and 0.1% zinc. The location of this showing is coincident with a distinct magnetic "high" as reported by Geotech. Reconnaissance mapping of the entire property is planned to assess potential offset mineralization in the fold axis and any other sites that are deemed of interest during the field program. The 2 Aces West project work will be focused on exploration and sampling of rocks along the faulted contact of the Lower Harvey's Ridge and Downey Successions.

To the northwest of the project area, several mineral showings and historical workings for lead, silver, and gold trend along the same contact. Samples collected in 2021 returned weakly anomalous results for lead and zinc collected from pyrite-bearing quartz veins from the rocks along the contact. Although at an early stage, these new anomalies align with known mineral showings.

Additional work in 2022 will focus on definition of the trend and allow additional time for regional mapping and sampling. Work at Cariboo Valley will consist mainly of road-side mapping through existing infrastructure and new forestry roads to assess the underlying geology and its mineral potential. The Company has now mobilized its geological teams onto the Properties to follow up on initial results.

Work in 2021 was limited to roads and other accessible areas due to the early onset of winter weather conditions. The early commencement of the 2022 program will allow for thorough exploration of the principal targets and evaluate potential for further discoveries.