Mr. Giovanni Gasbarro reports

SEAHAWK TERMINES PROPOSED CHANGE OF BUSINESS, PLANS NAME CHANGE AND $2.0M NON-BROKERED FINANCING

Further to Seahawk Ventures Inc.'s press release dated June 18, 2025, it has terminated the each of the share exchange agreement dated June 17, 2025, with Alluvial Capital Corp. and its shareholders as well as the amended and restated share exchange agreement dated June 17, 2025, with FlexGPU Inc. and its shareholders, following the recent passing of Keith Talbot, who was a founder of both entities.

There was no penalty or termination fee payable by either the company, Alluvial or Flex GPU in connection with the termination of the agreements, nor had any advances been made by the company to either of Alluvial or Flex GPU. Trading in the common shares of the company was halted on June 18, 2025, upon announcement of the proposed transactions with Flex GPU and Alluvial in accordance with the policies of the Canadian Securities Exchange (CSE). As the transactions will not proceed, trading of the company's shares is expected to resume on the CSE once approved by the CSE.

Following same and in light of current economic conditions, the company plans to return its focus to its exploration portfolio and look to unlock the value of its four gold properties located along the Urban-Barry greenstone belt in the Abitibi subprovince of Quebec.

In connection therewith, the company announces its intention to change its name back to Seahawk Gold Corp. reflective of its revitalized focus on exploration and intends to complete a non-brokered financing to raise up to $2-million through the sale of up to five million units at a price of 40 cents per unit.

Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of 80 cents per share for a period of one year. The units to be issued pursuant to the financing will be subject to a four-month-and-one-day hold period from issuance in accordance with applicable securities laws and the policies of the CSE.

Finders' fees may be payable on all or any portion of the financing, which is subject to regulatory and exchange approval. The proceeds of the financing will be used for exploration activities, reviewing additional mineral property acquisition opportunities and general working capital purposes.

About Seahawk Gold Corp.

Seahawk Gold is a publicly traded Canadian resource exploration company trading in Canada (CSE: SEAG) and the United States (OTC Pink: SEHKF). Seahawk is the 100-per-cent owner four properties along the Urban-Barry greenstone belt in the Abitibi subprovince of mining-friendly Quebec, Canada.

We seek Safe Harbor.