NIGHTHAWK GOLD (TSX: NHK) REPORTS 271.40 G/T AU OVER 1.0 METRE, 1.51 G/T AU OVER 70.75 METRES, AND 7.57 G/T AU OVER 9.50 METRES AT THE COLOMAC MAIN DEPOSIT

Nighthawk Gold Corp. has released additional drill assay results from the Colomac Main deposit within the Colomac Centre area.

Nighthawk president and chief executive officer Keyvan Salehi commented, "The latest drill results from the Colomac Main deposit, like the other deposits that we have drilled in our district-scale land package, continues to demonstrate the potential for further mineral resource expansion along strike and at depth."

Figure 1 – Colomac Main Deposit (Zone 3.5) Isometric View Looking West

Figure 2 – Colomac Main Deposit (Zone 1.5) Isometric View Looking West

Figure 3 – Colomac Main Deposit (Zone 1.0) Isometric View Looking West

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Colomac Main deposit

The Colomac Centre area represents a group of five proximal deposits (Colomac Main, Grizzly Bear, Goldcrest, 24 and 27) in the heart of the Colomac gold project. The latest batch of drill assay results from the Colomac Main deposit focused on the potential north-end (zones 1.0 and 1.5) and south-end (zone 3.5) extensions of the deposit along strike. The following is a summary for each of the zones drilled at the Colomac Main deposit:

• Zone 1.0 -- Higher-grade, near-surface mineralization (highlighted by hole C22-17) was encountered outside of the 2022 mineral resource estimate pit shells, suggesting the potential expansion of known mineralization in that area.
• Zone 1.5 -- The company encountered wide intervals of mineralization of up to 126 metres (highlighted by hole C22-25). New mineralization was also intersected across a fault previously bounding the known mineralization to the south.
• Zone 3.5 -- Nighthawk extended the mineralization zone to the south by approximately 100 m, including higher-grade intercepts. Mineralization continues to be wider at depth like the historical drilling from this area. Mineralization is hosted within traditional quartz diorite, but also quartz gabbro, which opens the prospective ground for future exploration to the south. Previous drilling to the south only tested for very shallow mineralization hosted in quartz diorite.

Please refer to the attached tables for highlight drill assay results and the drill assay results summary of the latest drilling at the Colomac Main deposit.

Technical information

The pit shell outlines are from the 2022 mineral resource estimate. They were completed by InnovExplo Inc. and are defined by a price assumption of $1,600 (U.S.) per gold ounce.

Nighthawk has implemented a quality assurance/quality control program to comply with best practices in the sampling and analysis of drill core. Drill core samples were transported in sealed bags for analyses at the ALS Global assay laboratory in Vancouver, B.C. ALS Global is an ISO/IEC 17025-accredited laboratory. Halved drill core is stored on site, and pulps are returned and stored for record.

As part of its quality assurance/quality control program, Nighthawk inserts external gold standards (low to high grade), blanks and duplicates every 20 samples, in addition to the standards, blanks and pulp duplicates inserted by ALS Global.

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DISCLAIMER: Nighthawk is a paid marketing client*