Gold Hawk Shareholders Approve the Sale of an 85 Per Cent Interest in the Coricancha Mine

VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) --
Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:
CGK) announces that shareholders have voted overwhelmingly in favour of
the sale of an 85 per cent interest in the Coricancha Mine (the
"Transaction") to Nyrstar Netherlands (Holdings) BV ("Nyrstar"; NYSE
Euronext Brussels: NYR) or its Nominee at a Special Meeting of
Shareholders held today. A total of 96.1% were in favour of the
transaction.

"Upon completion of the Nyrstar transaction, Gold Hawk will have no debt,
no debt guarantees, a 15% interest in the Coricancha Mine and US$15
million in cash - the equivalent of $0.05 per share in cash," said Kevin
Drover, Gold Hawk's President and CEO. "Gold Hawk intends to use the
proceeds of the transaction to pursue alternative business opportunities
in the mining industry."

The Coricancha Mine could be in production during the first half of 2010.
It is expected the US$20 million loan that Nyrstar will provide to
Compania Minera San Juan (Peru) S.A. ("CMSJ"), the Peruvian operating
company, will be sufficient to finance the re-start and expansion of the
mine.

The transaction is subject to certain customary conditions, including the
approval of the TSX Venture Exchange and the replacement of Gold Hawk by
Nyrstar as the guarantor of CMSJ's US$13 million debt facility, which is
due in February 2010. In addition, the consent of Gold Hawk's lenders
under the provisions of its debt facilities is required.

Shareholders also approved the consolidation of the issued and
outstanding common shares of the Company on the basis of every 25 common
shares of the Company into 1 common share of the Company and approved the
amendment of the 2009 stock option plan to create a rolling plan. Results
for all three resolutions proposed are contained in the table below:

-----------------------------------------------------
Resolution Approval percentage (%)
-----------------------------------------------------
Transaction 96.1
-----------------------------------------------------
Share Consolidation 88.2
-----------------------------------------------------
Amendment to Stock Option Plan 79.7
-----------------------------------------------------

About Gold Hawk Resources Inc.

Gold Hawk (TSX VENTURE: CGK) is a Canada-based precious metals company
with reserves and resources containing gold, silver, lead, zinc and
copper and a near-term production project at the Coricancha Mine and 600
tonnes of ore per day processing facility, located 90kms east of Lima,
Peru. The Company has all permits required for the re-start of the mine.

Gold Hawk is based in Vancouver, Canada and is operated by an experienced
management team. Gold Hawk and its wholly owned subsidiary, Compania
Minera San Juan (Peru) S.A. also have exploration properties in Peru and
Canada (Quebec).

This document may contain "forward-looking statements" within the meaning
of Canadian securities legislation. These forward-looking statements are
made as of the date of this document and Gold Hawk Resources Inc.
(hereinafter referred to as the "Company") do not intend, and do not
assume any obligation, to update these forward-looking statements.
Forward-looking statements relate to future events or future performance
and reflect management of the Company's expectations or beliefs regarding
future events and include, but are not limited to, statements with
respect to the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of
estimated future production, costs of production, capital expenditures,
success of mining operations, commodity prices, environmental risks,
unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, risks
related to actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices of
resources; possible variations in ore reserves, grade or recovery rates;
accidents, labour disputes and other risks of the mining industry; delays
in obtaining governmental approvals or financing or in the completion of
development or construction activities; as well as those factors detailed
from time to time in the Company's interim and annual financial
statements and management's discussion and analysis of those statements,
all of which are filed and available for review on SEDAR at www.sedar.com.

Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.

Neither the 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:
Gold Hawk Resources Inc.
Mr. Jason Mercier
Director Investor Relations
(604) 689-9282
info@goldhawkresources.com
www.goldhawkresources.com

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