Nighthawk drills Colomac's Grizzly Bear deposit intersecting 12.60 metres of 4.96 gpt gold (uncut), including 8.00 metres of 7.32 gpt gold, and 4.00 metres of 13.40 gpt gold and resumes drilling the North Inca deposit

17 January 2018

Nighthawk Gold Corp. is pleased to report drill results from the final six holes of its 2017 program.  Nighthawk drilled its first two holes at the Grizzly Bear deposit, part of its 100% owned Colomac Gold Project, and four holes on the North Inca gold deposit, (one of four high-priority prospects lying within the Leta Arm Gold Project southwest of Colomac) following up on high-grade gold intersections reported from the Company's 2011 drill campaign, All holes intersected gold mineralization, highlighted by Grizzly Bear hole GB17-01B that returned 12.60 metres of 4.96 grams per tonne gold, including 8.00 metres of 7.32 gpt Au, and 4.00 metres of 13.40 gpt Au; and North Inca hole NI17-01 which assayed 9.55 metres of 4.03 gpt Au, including 3.00 metres of 8.14 gpt Au.  
Highlights:
Grizzly Bear Deposit: 
Initial drilling confirms the presence of higher-grade mineralization over significant widths: 
Hole GB17-01B intersected 12.60 metres (6.60 metre true width) of 4.96 gpt Au, including 8.00 metres of 7.32 gpt Au, and 4.00 metres of 13.40 gpt Au; 
Hole GB17-01 intersected 11.30 metres (8.00 metre true width) of 1.91 gpt Au, including 3.80 metres of 3.87 gpt Au; 
Near-surface mineralization remains open in all directions; 
Significant resource expansion potential.
North Inca Deposit:
Part of the Leta Arm Gold Project – located within a well mineralized deformation zone up to 10 kilometres long and 500 metres wide that hosts two historical gold mines and several gold deposits and showings: 
Hole NI17-02 intersected 9.55 metres (7.80 metre true width) of 4.03 gpt Au, including 3.00 metres of 8.14 gpt Au; 
Hole NI17-01 intersected 13.20 metres (11.00 metre true width) of 2.24 gpt Au, including 8.50 metres (7.20 metre true width) of 3.24 gpt Au; 
Drilling to-date confirms the presence of an underexplored yet fertile and extensive land package hosting multiple gold deposits and showings.