HAWK URANIUM INC. ("HUI") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 31, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated November 19, 2007, between Hawk Uranium Inc. (the "Company") and Noront Resources Ltd. (the "Optionor"). Pursuant to the Agreement, the Company has the option to acquire a 50% interest in ten mining claims located in the McFaulds Lake area, James Bay Lowlands, Ontario. These ten mining claims consist of a total of 160 claim units. As consideration, the Company must issue the Optionor 400,000 common shares immediately, incur an aggregate of $3,500,000 in work expenditures over a three year period, and must pay an aggregate of $400,000 by November 19, 2009 to the Optionor. At the option of the Optionor, the payment of $400,000 may be in cash or through an aggregated issuance of 800,000 common shares. For further information, please refer to the press release dated November 21, 2007.