Nighthawk Proposes Private Placement for up to $5,000,000

3 June 2014

TORONTO, ONTARIO--(Marketwired - June 3, 2014) - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX VENTURE:NHK) is pleased to announce that it has entered into an agreement in connection with a private placement offering of flow through units ("FT Units") at a price of $0.40 per FT Unit and units ("Units") at a price of $0.40 per Unit for aggregate gross proceeds of up to $5,000,000 (the "Offering"). Each FT Unit shall consist of one common share of Nighthawk, which will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Unit shall be comprised of one common share and one-half of one Warrant. Each Warrant shall entitle the holder thereof to acquire one common share of Nighthawk at a price of $0.50 for a period of 18 months following the closing of the Offering.