Hawkmoon Resources Corp. completed initial cost projections for its 5,000-metre drill program on its Wilson Gold Project. The Property is located in the Verneuil Township and is situated fifteen kilometres east of the town of Lebel-sur-Quévillon.

Wilson is also situated 150 kilometres northeast of Val-d'Or. Hawkmoon anticipates to commence the Program in July of 2022. The Program will be the second diamond drill program Hawkmoon has completed on Wilson.

In addition to drilling 5,000 metres, Hawkmoon proposes a significant surface exploration program on Wilson. The Trenching is proposed to examine a series of targets of interest in underexplored areas of the Property. Gold showings on the Property are present at the interface of volcanic rocks and a gabbro sill.

These rocks have been folded into a large structure with both the Toussaint and Midrim gold showings situated on the southern limb of this fold structure. The Trenching will be focused on the northern limb of the fold structure as well as at various other targets on the Property. As little work has been done on the northern limb, it is much more cost effective to trench and clear the surface cover as a first phase.

If drill targets are identified, the Program will be changed accordingly. Hawkmoon aims to complete as much work as possible with the funds budgeted. The Company is currently finalizing the budget for the Program but the information in Table 1 is a close estimate of the costs.

A key aspect of these estimates is having contracted Faubert et Fils Drilling to follow up on their excellent work for the Company last summer. Drill Permit Update: The primary drill permit for Wilson has been submitted. The Midrim is partially classified as a wetland environment, which requires that Company apply for a second permit.

This is due to new Environment Ministry Regulations enacted in 2021 regarding drilling in and near wetlands. Map 1 shows the holes planned for drilling that are considered wetlands. High Grade Discovery at the Midrim (HMW 21-28): Hole HMW 21-28 had the highest-grade sample of the program at 83.6 g/t gold over 1.0 metre.

The hole was drilled about 20 metres within the first hole ever drilled on Wilson (V-1). It was intended to extend the high-grade gold intercept in V-1 to the east. The second goal was to drill further to the south of this target to explore an area of interest.

This southern area of interest is a new discovery for Hawkmoon and is situated approximately 50 metres south of the initial target. High Grade Discovery at the East of the Toussaint (HMW 21-09): The high-grade discovery of 11.25 g/t gold over 3.0 metres is an area of new interest. This is also on strike with the upper lower grade intercept of HMW 21-01.

The Company has more drilling planned in order to extend this zone. Extending Gold Zones at the Toussaint (HMW 21-01 and HMW 21-10): Hole HMW 21-01 traced an upper intercept that had previously been seen in a historical hole VP 93-20 which is situated about 100 metres to the west. This upper intercept also appears to be the secondary intercept drilled in HMW 21-09 situated approximately 100 metres to the east of HMW 21-01.

HMW 21-10 extended the near surface zone around the showing about 25 metres east of the old hole VP 92-08. Extending Gold Zones at the Midrim (HMW 21-24 and HMW 21-26): HMW 21-24 intercepted a near surface interval of 10.0 g/t gold over 1.0 metre. This intercept extended the Midrim to the west.

HMW 21-26 drilled an intercept that extended an upper gold zone in historical hole V-1 to the east.