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WHD West Hawk Development Corp.

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Share Name Share Symbol Market Type
West Hawk Development Corp. TSXV:WHD 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 -

West Hawk Company Update

06/01/2009 8:39pm

Marketwired Canada


West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") would like to
announce that it is acting on a restructuring plan as agreed upon by the
Company's Board of Directors (the "Board"). The Board has decided to preserve
cash through a substantial downsizing of the Company's staff and offices. The
Company will remain focused on the Groundhog coal project in British Columbia,
Canada, the West Hawk Energy (U.S.A.), LLC, Chapter 11 restructuring and the
Demand for Arbitration and the action filed against EnCana.


The Company would also like to announce that Mr. Gonzalo Torres Macchiavello has
been appointed President and Chief Executive Officer of West Hawk Development
Corp. Dr. Wm. Mark Hart will remain Chairman of the Company at no salary. Dr.
Jinsheng Chen will remain in his position as President and CEO of Asian
Operations.


"The Board has decided to implement these measures to preserve the Company and
to adapt to the current worldwide financial crisis," said Gonzalo Torres
Macchiavello, President and CEO of West Hawk Development Corp.


On behalf of the Board of Directors,

Gonzalo Torres Macchiavello, President and Chief Executive Officer

About the Company: West Hawk Development Corp. is focused on providing valuable,
high-demand energy products from a variety of sources. Assets include the Figure
Four natural gas property located in the Piceance Basin, Colorado, being
developed under a drilling and development agreement and the Groundhog coal
property located in northwest British Columbia.


Cautionary Note: This news release contains forward looking statements,
particularly those regarding cash flow, capital expenditures and investment
plans. Resource estimates, unless specially noted, are considered speculative.
The Company has filed a National Instrument 51-101 Report on the Figure Four
property. The Company has filed National Instrument 43-101 Reports on the
Groundhog coal property in British Columbia. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration and development
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary note to
U.S. investors: The U.S. Securities and Exchange Commission specifically
prohibits the use of certain terms, such as "reserves" unless such figures are
based upon actual production or formation tests and can be shown to be
economically and legally producible under existing economic and operating
conditions.


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