Vancouver - Seahawk Gold Corp. (CSE: SEAG) ('Seahawk') announces that it has cancelled the non-brokered private placement of common shares announced on October 21, 2021 to raise gross proceeds of up to $1,000,000 (the 'Placement'), due to current market conditions.

About Seahawk Gold Corp.

Seahawk Gold Corp. is a publicly traded Canadian resource exploration company trading in Canada (CSE: SEAG), the U.S. (OTCQB: SEHKF) and Germany (FSE: 7SR). Seahawk is the 100% owner of four properties along the Urban-Barry Greenstone Belt in the Abitibi sub province of mining friendly Quebec, Canada.

Contact:

Giovanni Gasbarro

Tel: 1-604-939-1848

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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