Jul. 21, 2010 (TheNewswire.ca) --
Toronto, July 21, 2010 - Hawk Uranium Inc. (OOTC:HWKPF) (TSXV:HUI) (TSX-V:HUI, FRANKFURT:HPM, OTC.PK:HWKPF)("Hawk") is pleased to announced that at its special meeting of shareholders held on July 13, 2010, the shareholders approved a change of name to "Ring of Fire Resources Inc." Management of Hawk will therefore move ahead to implement this change of name, which is intended to better reflect Hawk's current focus on opportunities in the McFaulds Lake area of the James Bay Lowlands. A further announcement will be made when the effective date of this name change has been determined.
Hawk is also pleased to announce that, at the special meeting of shareholders held on July 13, 2010, the shareholders elected Jacob McKinnon as a director of Hawk. Over the last 6 years, Mr. McKinnon has been exposed to all levels of the mining industry which has given him the necessary experience to take on this new role as a director of the Company. He is currently the VP of Operations for three TSX Venture Exchange listed companies: MacDonald Mines Exploration (TSXV:BMK) Ltd., Red Pine Exploration Inc. (OOTC:RDEXF) (TSXV:RPX) and Honey Badger Exploration Inc. (OOTC:HBEIF) (TSXV:TUF) Over the past 6 years, he has been involved with all of the exploration conducted in the James Bay Lowlands under the joint venture of MacDonald Mines Exploration Ltd. and Hawk. He continues to work with the day to day operations relating to current and proposed future exploration.
Hawk also announces that it has granted to its directors, officers and certain of its consultants stock options for a total of 2,950,000 shares (the "Options"). The Options are exercisable to purchase common shares in the capital of Hawk at a price of $0.10 per share for a period of five years from the date of grant. Included among the Options granted are 100,000 Options granted to a party providing investor relations services to Hawk. Those Options will vest at a rate of 25% per 3 month period. All other Options vest immediately.
About Hawk Uranium Inc.:
Hawk Uranium Inc. is a Canadian based junior exploration company with a portfolio of diversified projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring of Fire' McFauld's Lake Area of N. Ontario.
More detailed information is available on the website at www.hawkuranium.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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Hawk Uranium Inc.
H. Vance White, President
Corinna de Beer, Investor Relations
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