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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 Reports 20.35 Metres of 7.94 g/t Gold and 17.75 Metres of 8.16 g/t Gold from Historic Drilling at Kim

29/07/2014 12:00pm

Marketwired Canada


Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) reports assay results from
historic drilling on its Kim gold deposit (Figure 1) located within Nighthawk's
Northwest Territories ("NWT") Indin Lake Gold Property and exercises its option
to acquire 15 contiguous mining leases and 3 mining claims within its existing
land package. 


HIGHLIGHTS:



--  Hole MZ85-24 intersected 20.35 metres of 7.94 grams per tonne ("g/t")
    gold, including 5.25 metres of 12.23 g/t gold; 
    
--  Hole MZ84-02 intersected 17.75 metres of 8.16 g/t gold; 
    
--  Hole MZ85-66 intersected 28.60 metres of 4.78 g/t gold, including 5.75
    metres of 9.53 g/t gold and 9.00 metres of 7.99 g/t gold; 
    
--  Hole MZ84-01 intersected 11.20 metres of 8.37 g/t gold, including 3.70
    metres of 16.32 g/t gold; 
    
--  Hole MZ85-68 intersected 25.30 metres of 2.88 g/t gold, including 10.60
    metres of 5.30 g/t gold; 
    
--  Hole MZ84-04 intersected 23.85 metres of 3.35 g/t gold, including 4.20
    metres of 11.60 g/t gold; and 
    
--  Exercises option to acquire 100% ownership 15 mining leases and 3 mining
    claims within existing land package, which include the North Inca,
    Diversified, #3 and Lexindin deposits.  



David Wiley, President and CEO of Nighthawk, commented, "We are pleased with our
progress in processing historical drill core at the Kim deposit. All of these
holes fall outside our current resource estimate; however, upon completion of
our QA/QC program the results will be incorporated in a new resource update.
Additionally, the drills continue to turn at our Indin Lake Gold Property and we
anticipate releasing the first results of our 2014 drill program in Q3." 


Kim Gold Deposit

The Kim and Cass gold deposits were recently acquired (see December 18, 2013
news release) for their near surface mineralization and potential for expansion
to depth and along strike. In addition, the abundance of gold showings in the
vicinity of the two deposits indicates a potential for new discoveries.


The Kim deposit is connected by road to Nighthawk's Colomac gold deposit located
15 kilometres to the northeast. It is one of several shear hosted gold deposits
within mafic volcanic rocks, representing an important underexplored deposit
type in the camp. Nighthawk is compiling Echo Bay Mines Ltd. 1984 to 1987
historical drill data in preparation for subsequent activities. Mineralization
is characterized by quartz-carbonate veins with minor sulphides within a
sequence of northerly striking, steeply dipping, mafic to intermediate volcanic
rocks. Drilling traced the mineralization over a strike length of 450 metres
(Figure 2). A strong relationship is observed between gold mineralization and
the more competent basaltic rocks. 


Much of the core that is preserved on-site will be selectively re-logged and
resampled. Highlights from 1984 and 1985 drilling (Table 1, 28 holes) define
zones of near surface gold mineralization with significant grade and continuity
(Figure 3). Intersection widths and shallow depths (majority of intersections
lie within 100 metres of surface) are believed conducive to open pit mining
methods. Results from the remaining historic holes will be released as they are
finalized. These results are historic in nature and Nighthawk has not
independently verified the results.




Table 1. Highlighted Historic 1995 Drill Results from Cass                  
----------------------------------------------------------------------------
Hole ID                   From (m)      To (m)  Length(i) (m)   Grade Au gpt
----------------------------------------------------------------------------
MZ84-01                      25.30       36.50          11.20           8.37
  including                  28.50       31.35           3.70          16.32
----------------------------------------------------------------------------
MZ84-02                      32.90       50.65          17.75           8.16
----------------------------------------------------------------------------
MZ84-03                      71.71       76.00           4.29           3.68
----------------------------------------------------------------------------
MZ84-04                      25.10       48.95          23.85           3.35
  including                  30.20       34.40           4.20          11.60
----------------------------------------------------------------------------
MZ85-01                      98.43      107.90           9.47           2.53
----------------------------------------------------------------------------
MZ85-02                     115.50      128.10          12.60           2.42
----------------------------------------------------------------------------
MZ85-03                      95.88      102.26           6.38           2.91
----------------------------------------------------------------------------
MZ85-05                      33.45       38.24           4.79           4.05
  including                 103.25      105.58           2.33          11.28
----------------------------------------------------------------------------
MZ85-13                     119.90      135.27          15.37           2.03
  including                 120.26      126.98           6.72           3.54
----------------------------------------------------------------------------
MZ85-15                       24.7       29.40           4.70           3.18
----------------------------------------------------------------------------
MZ85-17                      27.90       58.37          30.47           2.59
                             52.59       58.34           5.78           8.41
----------------------------------------------------------------------------
MZ85-20                     136.55      140.51           3.96           5.24
----------------------------------------------------------------------------
MZ85-24                      51.35       71.70          20.35           7.94
  including                  61.15       66.40           5.25          12.23
----------------------------------------------------------------------------
MZ85-27                     128.50      140.70          12.20           3.31
                            134.30      139.50           5.20           4.34
----------------------------------------------------------------------------
MZ85-28                      66.30       72.00           5.70           3.06
----------------------------------------------------------------------------
MZ85-29                       2.90       28.75          25.85           3.62
  including                   4.50       11.00           6.50           7.23
----------------------------------------------------------------------------
MZ85-30                      61.00       87.00          26.00           2.06
  including                  75.80       82.50           6.70           3.71
----------------------------------------------------------------------------
MZ85-35                     136.55      158.00          21.45           2.32
----------------------------------------------------------------------------
MZ85-46                     137.60      144.40           6.80           2.93
----------------------------------------------------------------------------
MZ85-52                     103.40      116.40          13.00           5.54
  including                 109.35      114.80           5.45           8.17
----------------------------------------------------------------------------
MZ85-54                     152.50      158.90           6.40           3.91
----------------------------------------------------------------------------
MZ85-59                      34.90       58.55          23.65           2.25
  including                  34.90       40.90           6.00           4.06
----------------------------------------------------------------------------
MZ85-60                      67.40       77.70          10.30           3.48
  including                  69.75       73.15           3.40           6.62
----------------------------------------------------------------------------
MZ85-62                      67.40       89.60          22.20           2.72
  including                  83.80       89.60           5.80           4.35
----------------------------------------------------------------------------
MZ85-63                     110.20      132.25          22.05           3.32
  including                 117.10      132.25          15.15           4.05
----------------------------------------------------------------------------
MZ85-66                       9.50       38.10          28.60           4.78
  including                   9.50       15.25           5.75           9.53
  including                  24.55       33.55           9.00           7.99
----------------------------------------------------------------------------
MZ85-67                     126.40      139.10          12.70           3.28
  including                 126.40      130.95           4.55           7.63
----------------------------------------------------------------------------
MZ85-68                      50.20       75.50          25.30           2.88
  including                  50.20       60.80          10.60           5.30
----------------------------------------------------------------------------



(i) Lengths are reported as core lengths. True widths are unknown at this time.

To view the figures associated with this release, please visit the following
link: http://media3.marketwire.com/docs/959692a.pdf.


Option Exercised with Ursa Polaris Developments Corporation

Nighthawk has exercised its option with Ursa Polaris Developments Corporation
("Ursa") to acquire 15 contiguous mining leases and 3 separate mining claims
within its Indin Lake Gold Property in the NWT by making the final $250,000
payment as set out in the option agreement with Ursa by the issuance of 438,596
common shares of Nighthawk at a price of $0.57. Nighthawk now owns 100% of these
properties, which include the North Inca, Diversified, #3 and Lexindin gold
deposits. 


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.


Nighthawk has implemented a quality-control program to comply with best
practices in the sampling and analysis of drill core. Samples are transported in
security-sealed bags for analyses at ALS Chemex Assay Laboratory in Vancouver,
BC ("ALS Chemex"). ALS Chemex is an ISO 9001:2000 certified laboratory. Pulp and
metallics assaying for gold is conducted on the entire pulverized sample. 


As part of its QA/QC program, Nighthawk inserts external gold standards (low to
high grade) and blanks every 20 samples in addition to the standards, blanks and
pulp duplicates inserted by ALS Chemex. 


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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