HAWKEYE Acquires 100% Interest in Its Six Barkerville Properties

VANCOUVER, November 22, 2019 - Hawkeye Gold & Diamond Inc. (the "Company" or "HAWKEYE") (TSXV:HAWK)(Frankfurt:HGT) (ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that subsequent to news releases dated November 8, 2019 (news release No. 235 - 2019) and November 15, 2019 (news release No. 336 - 2019), HAWKEYE has received TSX approval for a second amending property agreement (the "Second Amending Agreement") to revise six separate Sale and Purchase Agreements (the "SAPA Agreements") between HAWKEYE and the Vendor to acquire a 100% interest in the Company's six Barkerville properties. The SAPA Agreements for the 2-Aces, Keithley Creek, Cariboo Valley, Seller Creek, Cariboo Lake and Swift River properties (the "Properties") have all previously received TSX Venture Exchange acceptance. The Properties are all located in the Cariboo Mining Division and situated within fifteen (15) to thirty-five (35) kilometres south-southeast of the town of Barkerville, BC, Canada.

Under terms of the Second Amending Agreement, HAWKEYE may earn a 100% interest in the Properties by issuing the Vendor a total of 2,300,000 shares in the capital of the Company within seven (7) days of receiving TSX Venture Exchange approval for the Second Amending Agreement. The Company has issued the 2,300,000 shares to the Vendor and HAWKEYE now owns a 100% interest in the Properties.

The shares are subject to a four month hold period expiring March 20, 2020.

About HAWKEYE

Hawkeye Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company's precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.

Hawkeye Gold & Diamond Inc.
Per:

"Greg Neeld"

President & CEO
Vancouver: (778) 379-5393
Email: greg@hawkeyegold.com
Web Site: www.hawkeyegold.com

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.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: Hawkeye Gold & Diamond Inc.