Hawk Announces Approval of Shares for Debt Settlement With Service Providers

TORONTO, ONTARIO, Mar 30 (MARKET WIRE) --
Hawk Uranium Inc. (TSX VENTURE: HUI)(FRANKFURT: HPM) ("Hawk" or the
"Company") announces that it has received approval from TSX Venture
Exchange (the "Exchange") for a shares for debt settlement with six of
its services providers to settle debt for certain services rendered
during the period from November 1, 2008 to January 30, 2009. This
settlement was disclosed in the Company's press release of March 20,
2009. In addition, the Company has obtained Exchange approval for a
shares for debt settlement with two directors and officers of Hawk, Mr.
H. Vance White and Mr. Walter Brooks, for services rendered during the
same period. The creditors (including Mr. Brooks and Mr. White) have
agreed to settle their respective portions of the debt, in the aggregate
amount of $49,661.33, inclusive of GST, in exchange for the issuance of
common shares in the capital of the Company ("Common Shares") at a price
of $0.10 per Common Share, for an aggregate issuance of 496,614 Common
Shares.

About Hawk Uranium Inc.

Hawk Uranium Inc. is a Canadian based junior mining company with a
portfolio of diversified exploration projects at various stages of
exploration and drilling, for Uranium in N. Saskatchewan, Ontario and
Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the 'Ring of Fire'
McFauld's Lake Area of N. Ontario.

More detailed information is available on the website at
www.hawkuranium.com.

Cautionary Statement:

No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating
to the future performance of Hawk Uranium Inc. Forward-looking
statements, specifically those concerning future performance, are subject
to certain risks and uncertainties, and actual results may differ
materially from Hawk's plans and expectations. These plans, expectations,
risks and uncertainties are detailed herein and from time to time in the
filings made by Hawk with the TSX Venture Exchange and securities
regulators. Hawk does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.

Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
Hawk Uranium Inc.
H. Vance White
President
416-214-2250 or 866-214-9486
416-367-1954 (FAX)

Hawk Uranium Inc.
Corinna de Beer
Investor Relations
416-792-0343
ir@hawkuranium.com
www.hawkuranium.com

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