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NHK

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Share Name Share Symbol Market Type
TSXV:NHK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nighthawk Commences 2014 Drill Program at Indin Lake Gold Property

08/07/2014 12:00pm

Marketwired Canada


Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) is pleased to announce its
2014 drill program at its Indin Lake Gold Property (Figure 1) in the Northwest
Territories.


HIGHLIGHTS:



--  14,000 metre drill program is underway on the Colomac Main, Goldcrest,
    Cass and Kim gold deposits;

--  Represents Nighthawk's first drilling at Goldcrest, Cass and Kim;

--  Two drill rigs are scheduled to complete 8,000 metres of resource
    expansion drilling at the Goldcrest (6,000 metres) and Colomac Main gold
    deposits (2,000 metres);

--  Goldcrest drilling will focus on verifying and expanding on previous
    shallow, higher grade gold intersections that are open to depth;

--  Colomac Main drilling will aim to expand Zones 2.0 and 2.5 down plunge
    of previously drilled higher grade shoots; 

--  A third rig will drill the Cass (4,000 metres) and Kim (2,000 metres)
    gold deposits (20 kilometres southwest of Colomac) to confirm historic
    high-grade intersections at Cass and to extend mineralization to depth
    and laterally; and

--  Reported historic gold intersections at Cass (March 26, 2014; April 10,
    2014; April 24, 2014 news release) establish its potential as a near-
    surface, bulk-mineable opportunity that hosts significant grades over
    sizeable widths.



Nighthawk President and CEO, David Wiley, commented, "Our focus for the 2014
drill program will be to expand and upgrade our current NI 43-101 Inferred
Mineral Resource estimate. We are particularly looking forward to our first
drill programs at the Goldcrest, Cass and Kim gold deposits, and we remain
highly optimistic of their resource expansion potential. We anticipate the Cass
deposit's high-grade gold shoots will form the basis for a new resource estimate
to complement our existing resource at Colomac." 


Goldcrest

Goldcrest represents a 2.7+ kilometre mineralized mafic sill similar to the
Colomac intrusion located 400 metres to the east. Goldcrest is a primary
candidate for resource expansion and hosts the highest average grade in the
current resource estimate at 2.19 grams per tonne ("g/t") gold (June 17, 2013
news release); historic drilling was limited to a depth of 100 metres. A 6,000
metre drill program is planned to fully evaluate this opportunity as historic
drilling shows both improving grade and development of significant mineralized
widths with depth. 


Colomac Main

A 2,000 metre drill program on Zones 2.0 and 2.5 is intended to confirm the
plunge of the higher grade gold shoots (June 20, 2012 news release). This work
will also lay the foundation for a subsequent winter program by expanding down
plunge target opportunities that are best drilled from frozen lake setups.


Cass

The Cass deposit is connected by road to Colomac (located 20 kilometres to the
northeast). Mineralization is characterized by stockwork quartz-carbonate veins
with minor pyrrhotite and lesser pyrite and arsenopyrite within a northeast
trending, moderate to strongly foliated gabbroic intrusion. Approximately 13,500
metres of historic drilling traced the mineralization over a strike length of
360 metres and to a depth of 210 metres. The deposit remains open in all
directions.


A 4,000 metre drill program will aim to trace and expand on the historically
reported high-grade intersections (March 26, 2014; April 10, 2014; April 24,
2014 news release) to depth and along strike. Detailed mapping and sampling of
trenches along possible lateral extensions of the deposit will also be carried
out to help generate additional drill targets.


The Cass style of mineralization points to the largely untested potential for
discovery of significant gold mineralization in other gabbroic bodies such as
those hosting the underexplored and nearby Raspberry and Albatross gold
occurrences. In addition, similar showings have been located throughout the
Indin Lake Gold Belt and represent priority exploration targets to be assessed
in the 2014 field program.


Kim

The Kim deposit (located approximately 15 kilometres by road to the southwest of
Colomac) lies within a sequence of northerly striking, steeply dipping, mafic to
intermediate volcanic rocks. Mineralization is reportedly hosted by
intercalated, massive and pillowed mafic volcanic units that have been traced
over a strike length of 650 metres and to depths of up to 150 metres. A 2,000
metre drill program is planned to confirm and extend the shallow mineralization
to depth and along strike. Over 18,000 metres of historic Kim drill core is
stored on site. Results from select historic holes will be released as they are
finalized. 


To view Figure 1, click on the following link:
http://media3.marketwire.com/docs/956198m.pdf


Nighthawk Gold Corp.

Nighthawk is a Canadian-based exploration company focused on acquiring and
developing gold mineral properties in the Northwest Territories. Its primary
land position covers 229,791 acres or 930 square kilometres in the Indin Lake
Gold Camp and includes an Inferred Mineral Resource estimate of 39.815 million
tonnes with an average grade of 1.64 g/t gold for 2.101 million ounces gold
using a cut-off grade of 0.6 g/t gold.


The technical aspects of this press release have been reviewed by Michael Byron,
Ph.D., P.Geo., Chief Geologist and Director for Nighthawk, who is the "Qualified
Person" as defined by NI 43-101 for this project.


Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties,
including, but not limited to, the timing of future drilling, the expansion of
the mineralization, and the remediation of historic reclamation sites. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond the control of Nighthawk, including, but not limited
to, the impact of general economic conditions, industry conditions, volatility
of commodity prices, risks associated with the uncertainty of exploration
results and estimates, currency fluctuations, dependency upon regulatory
approvals, the uncertainty of obtaining additional financing and exploration
risk. Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. This press release is not, and is not to be
construed in any way as, an offer to buy or sell securities in the United
States.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nighthawk Gold Corp.
David Wiley
President and CEO
(647) 260-1247
(416) 363-4567 (FAX)
dwiley@nighthawkgold.com

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