8 February 2017
Toronto, Ontario, February 8, 2017 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX Venture Exchange: NHK) is pleased to announce that it has agreed with the syndicate of underwriters, led by PI Financial Corp. and including Canaccord Genuity Corp., to increase the size of the bought deal private placement basis previously announced on February 7, 2017. The Offering will now be for 10,752,689 flow-through units (“FT Units”), which underlying common shares will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada), at a price of $0.93 per FT Unit and 14,285,715 units (“Units”) at a price of $0.70 per Unit, for aggregate gross proceeds of $20,000,001.27. Each Unit shall be comprised of one common share and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each FT Unit shall be comprised of one-flow through common share and one-half of one Warrant (to be issued on a non-flow-through basis). Each Warrant shall entitle the holder thereof to acquire one common share of Nighthawk at a price of $1.10 for a period of 18 months following the closing of the Offering.