Hawkmoon Receives Drilling, Trenching Permits to Complete Summer Work on Wilson Gold Project

Hawkmoon Resources Corp. ("Hawkmoon" or the "Company") has received the drilling and trenching permits (the "Permits") required to complete its summer work on the Wilson Gold Project ("Wilson" or the "Property"). The Property is located in the Verneuil Township approximately fifteen kilometres east of the town of Lebel-sur-Quévillon.

Wilson is also situated 150 kilometres northeast of Val-d'Or. Hawkmoon anticipates commencing its outcrop clearing and trenching program ("Phase 1") in late June. The Company intends to follow this by drilling 5,000 metres (the "Drilling"). If new targets are identified in Phase 1, the drill program will be adjusted accordingly. Please refer to Figure 1, which outlines the key targets for Phase 1.

Phase 1 Overview

With all permits received, the Company is authorized to conduct the proposed Phase 1 and Drilling on the Property. At this time, Hawkmoon estimates commencing Phase 1 in the last week of June. Hawkmoon has many targets on Wilson for this phase of work. The largest and most untested area is on the northern limb of the large fold that is present on Wilson. To date, over 90% of all work on Wilson has focused on the southern limb of this fold. Both the Toussaint and Midrim showings are on the southern limb.

Phase 1 Potential for Drilling

At the Toussaint and Midrim Showings, all drill holes are drilled towards the southeast with azimuths ranging from 140° to 155°. These drill holes on the southern limb all drill towards the contact of the volcanics and gabbro.

On the northern limb, historical drill holes are all drilled away from the northern contact of the volcanics and gabbro. It is at this contact where most of the gold mineralization is present on Wilson to date. In addition, there have also been some notable drill intercepts on the north limb. Hole VP 94-51, drilled on the north limb of the fold, had two near surface drill intercepts, as further detailed shown in Table 1 below.

Table 1. Historical Drill Intercepts in VP 94-51

These historical drill intercepts make this an area of interest for Hawkmoon. If Phase 1 reveals prospective outcrop, these areas will be channel sampled. If these results are favourable, the Company will amend its drill program plans with the aim to drill test some of these targets. Please refer to Figure 2 below, which outlines the showings and geology of the northern limb of the fold on Wilson.

Branden Haynes, President of Hawkmoon, states: "We are all excited to resume our exploration work on Wilson. We can now start our program, as we have received the required permits from the Quebec government. After a successful 2021 drill program, we want to start to examine underexplored areas of Wilson. We intend to follow this with another 5,000-metre drill program this summer."