To: Corporate Communications  who wrote (19 ) 5/23/2002 6:24:36 AM From: long-gone     Respond to    of 24  May 22, 2002 HAWKEYE completes $680,200 financing Hawkeye Gold International Inc. (the "Company") is pleased to announce that it has closed its Short Form Offering Document financing that was previously announced on April 25, 2002.  The Offering qualified for distribution 4,534,666 Units at a price of $0.15 per share raising the Company gross proceeds of $680,200 or net proceeds of $603,153 (Cdn.) after payment of expenses and commission to the Company's agent Canaccord Capital Corporation (the "Agent").  Each unit consists of one common share and one common share purchase warrant.  2,504,400 of the units are flow-through units and 2,030,266 of the units are non-flow-through units.  Each warrant can be exercised to acquire one additional common share which is not a flow-through share at an exercise price of $0.15 on or before May 17, 2003. The Agent received 275,000 common shares in the capital of the Company for corporate finance services and Agent's Warrants to purchase up to 680,200 common shares in the capital of the Company at a price of $0.15 per share exercisable on or before May 17, 2003. The Company intends to use flow-through funds totalling $375,660 to carry out work programs on its YANKEE property, located on Victoria Island, Nunuvat, Canada.  The initial work program includes additional ground geophysical surveys and a four hole diamond drilling program covering established priority targets. A news release will follow in the next few days disclosing commencement dates and specific details of the work programs. HAWKEYE GOLD INTERNATIONAL INC. Per: "Greg Neeld"  Greg Neeld  President & CEO Toll Free: 1-800-665-3624 Vancouver: 1-604-878-1339 Email: haw@hawkeyegold.com Web Site: www.hawkeyegold.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.