Released on: November 21, 2007, 1:32 pm

Press Release Author: Hawk uranium

Industry: Energy

Press Release Summary: Hawk Uranium and Noront Resources enter into an option
agreement to acquire a 50% interest in 10 claims (totalling approx. 6340 acres) in
the \"Ring of Fire\" of the McFaulds Lake Area, Ontario

Press Release Body: Hawk Uranium Inc. Announces Option Agreement With Noront
Nov 21, 2007 9:18:00 AM
TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - Hawk Uranium Inc. (TSX VENTURE:HUI)
(\"Hawk\") is pleased to announce that it has entered into an option agreement with
Noront Resources Ltd. (\"Noront\") pursuant to which Hawk has the option to acquire a
50% legal and beneficial interest in a property. The property includes 10 Claims
(covering a total of 160 claim units, or approximately 6340 acres) in the \"Ring of
Fire\" of the McFaulds Lake area, James Bay Lowlands, Ontario near Noront\'s nickel
copper discovery.
To earn its interest in the property, Hawk is required to:
1. Issue 400,000 common shares of Hawk to Noront immediately following approval of
the option agreement by the TSX Venture Exchange;
2. Complete an aggregate of $3,500,000 in exploration expenditures on the property
over a three year period (of which $1,000,000 must be incurred in the first year);
and
3. Make aggregate cash payments to Noront of $400,000 within two years of entering
into the option agreement (of which $200,000 must be paid in the first year). The
cash payments may be satisfied, at the option of Noront and subject to the approval
of the TSX Venture Exchange, by the issuance to Noront of 800,000 common shares of
Hawk (at a deemed price of $0.50 per share).
The Option Agreement remains subject to required approvals by Hawk\'s Board of
Directors, Noront and the TSX Venture Exchange.
Upon Hawk earning its 50% interest in the property, Hawk and Noront shall form a
joint management committee to further develop the property as a joint venture with
Noront continuing to act as the operator.
ABOUT HAWK URANIUM INC.
Hawk has both direct or option interests in a uranium project in Grand Calumet
Township, Quebec, two VMS/nickel/copper exploration properties in the McFaulds Lake
\"Ring of Fire\" area of Northern Ontario in Joint Venture one with Noront Resources
and one with MacDonald Mines; one gold exploration property in the Wawa area of
Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium
property in the Charlebois Lake Area of the Northern Mining District of
Saskatchewan, one uranium property in Gila County, Arizona, and a core holding of
3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB: WITM). Wits Basin is
currently pursuing active projects in South Africa, Colorado, Mexico and the
People\'s Republic of China. Hawk also has petroleum and natural gas properties in
Ontario.
For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the
Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions
and receive answers within the same day, or simply review questions and answers
posted by other investors. Alternatively, investors are able to e-mail all questions
and correspondence to hui@agoracom.com where they can also request addition to the
investor e-mail list to receive all future press releases and updates in real time.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein. This news release includes certain
\"forward-looking statements\". All statements other than statements of historical
fact included in this release, including, without limitation, statements regarding
potential mineralization and reserves, exploration results, and future plans and
objectives of Hawk, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and results to differ materially from Hawk\'s plans and
expectations as 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy
of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hawk Uranium Inc.
H. Vance White
President
(416) 214-2250 or 1-866-214-9486
Fax: (416) 367-1954 (FAX)

Hawk Uranium Inc.
Walter Brooks
Vice President
(416) 214-2250 or 1-866-214-9486
Fax: (416) 367-1954 (FAX)

Source: Hawk Uranium Inc.


Web Site: http://www.hawkuranium.com

Contact Details: Hawk Uranium Inc.
2500 - 120 Adelaide St.W.
Toronto, Ontario,
Canada M5H 1T1

Tel: 416-214-2250
Toll: 866-214-9486