Nighthawk Receives $1 Million Through Release of Letter of Credit

Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX VENTURE:NHK) is pleased
to announce that $1 million from a standby letter of credit ("Letter of Credit")
previously posted in favour of Aboriginal Affairs and Northern Development
Canada ("AANDC") has been released to Nighthawk and added back into the
Company's treasury.


Highlight



--  Nighthawk's treasury increases to $3.5 million as a result of the cash
    released from a previously posted Letter of Credit. 



"Our recent debt settlement offering and the $1 million Letter of Credit release
have greatly strengthened our balance sheet and positioned us to continue
advancing our Colomac Gold Project," commented David Wiley, CEO of Nighthawk
Gold Corp.


Details

Nighthawk completed the acquisition of a 100% interest in the Colomac Gold
Property (the "Colomac Gold Project") from AANDC, consisting of the past
producing Colomac Gold Mine, four surrounding gold deposits and several gold
showings in January 2012 (see Company news release on January 26, 2012). Under
the terms of the acquisition, Nighthawk committed a maximum of $5 million,
secured by three Letters of Credit, to reclaim three disturbed historic
exploration sites for which AANDC has the obligation to remediate. These three
historic exploration sites are located within the Company's Indin Lake land
package but are not associated with the Colomac Gold Project. Nighthawk did not
assume the environmental/reclamation liabilities of these sites directly and is
carrying out reclamation activities on behalf of AANDC.


As the result of the successful reclamation of one of the three historical
sites, $1 million from the Letters of Credit posted in favour of AANDC has been
released to Nighthawk and added back into treasury.


Nighthawk Gold Corp.

Nighthawk Gold Corp. (TSX VENTURE:NHK) is a Canadian-based exploration company
focused on acquiring and developing gold mineral properties in the NWT, Canada.
Its land position covers 222,203 acres or 900 square kilometres in the Indin
Lake Gold Camp, located approximately 220 kilometres north of Yellowknife, NWT.


For more information about the Company, please visit www.nighthawkgold.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Generally, forward-looking
information can be identified by the use of forward-looking terminology 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 state that certain
actions, events or results "may", "could", "would", "might", or "will be taken",
"occur", or "be achieved". Forward-looking information is based on the opinions
and estimates of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Nighthawk to be materially different from those
expressed or implied by such forward-looking information, including risks
associated with the exploration, development and mining such as economic factors
as they effect exploration, future commodity prices, changes in foreign exchange
and interest rates, actual results of current exploration activities, government
regulation, political or economic developments, environmental risks, permitting
timelines, capital expenditures, operating or technical difficulties in
connection with development activities, employee relations, the speculative
nature of gold exploration and development, including the risks of diminishing
quantities of grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as those risk
factors discussed in Nighthawk's management discussion and analysis for the year
ended July 31, 2012, available on www.sedar.com. Although Nighthawk has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Nighthawk does not undertake to update
any forward-looking information, except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nighthawk Gold Corp.
David Wiley
President & CEO
[phone]
[e-mail]
www.nighthawkgold.com


First Canadian Capital Corp.
Daniel Boase
Investor Relations
[phone] ext 232
[e-mail]