Mr. Keyvan Salehi reports

NIGHTHAWK GOLD REPORTS 2.91 G/T AU OVER 54.35 METRES AT THE 24/27 DEPOSIT AND 3.02 G/T AU OVER 20.25 METRES AT THE GRIZZLY BEAR DEPOSIT WITHIN THE COLOMAC CENTRE AREA

Nighthawk Gold Corp. has released additional drill assay results from its 2022 exploration program, with encouraging results from the Grizzly Bear deposit, the 24 deposit and the 27 deposit within the Colomac Centre area.

Nighthawk president and chief executive officer Keyvan Salehi commented, "The latest drill results, combined with results released previously from Grizzly Bear and 24/27 deposits, demonstrate the immense potential for mineral resource expansion within the Colomac Centre."

24/27 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 company continued to intersect higher-grade intervals from the infill and stepout drilling at the 24/27 deposit. Nighthawk has identified stacked zones of mineralization, increasing the width of the mineralized corridor, suggesting the potential expansion of the mineral resources in the area. Mineralization continues to remain open in all directions of the 24/27 deposit.

Grizzly Bear deposit

The Grizzly Bear deposit is located approximately 800 m southwest of the Colomac Main deposit. Mineralization at the Grizzly Bear deposit is hosted in smoky quartz veining in the felsic volcanic porphyry, along the lower contact to the mafic-intermediate volcanics. The current batch of drill results intersected down-dip mineralized intervals along the boundary and outside of the pit-constrained Grizzly Bear deposit 2022 mineral resource estimate, suggesting the potential expansion of the mineral resources in the area.

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.

Qualified person

John McBride, MSc, PGeo, vice-president of exploration, the qualified person for this project as defined by National Instrument 43-101, has reviewed and approved of the technical disclosure contained in this news release.

About Nighthawk Gold Corp.

Nighthawk is a Canadian-based gold exploration company with 100-per-cent ownership of more than 930 square kilometres of district-scale land position within the Indin Lake greenstone gold belt, located approximately 200 km north of Yellowknife, NWT, Canada. The company is advancing several highly prospective exploration targets. The Colomac Centre and Satellite deposits currently have a mineral resource estimate of 58.2 million tonnes grading 1.44 grams per tonne gold for 2.69 million ounces in the indicated category and 19.7 million tonnes grading 2.1 g/t Au for 1.33 million ounces in the inferred category. Nighthawk's experienced management team, with a record of successfully advancing projects and operating mines, is working toward demonstrating the economic viability of the company's assets and rapidly advancing its projects toward a development decision.

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