NHK

Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) reports additional assay
results from six holes drilled by Royal Oak Mines Inc. ("Royal Oak") in 1997
within the Colomac sill on Nighthawk's 100%-owned Colomac Gold Property
("Colomac Gold Project") in the Northwest Territories ("NWT"). Today's results
and the previously reported results (see December 11, 2012 news release) further
validate the historic assay results and confirm the high-grade nature of Zone
3.5 and its continuity to depth. To date 13 historic holes have been reported
from a total of 20 historic holes being assayed. Results from the 7 remaining
historic holes that were drilled north of this area will be released as they are
finalized.


Highlights:



--  Hole 97-04 intersected 9.15 metres of 3.38 grams per tonne ("g/t") gold,
    including 3.66 metres of 5.58 g/t gold; 

--  Hole 97-07 intersected 31.09 metres of 2.27 g/t gold, including 8.83
    metres of 3.73 g/t gold, and 0.60 metres of 32.84 g/t gold; 

--  Hole 97-08 intersected 45.72 metres of 1.84 g/t gold including 0.91
    metres of 23.07 g/t gold, 12.19 metres of 3.24 g/t gold and 4.27 metres
    of 8.44 g/t gold; 

--  Hole 97-11 intersected 23.47 metres of 2.12 g/t gold including 10.67
    metres of 3.86 g/t gold and 4.57 metres of 8.60 g/t gold, and 0.92
    metres of 27.91 g/t gold. 



In 1997, Royal Oak drilled 21 holes (7,884 metres) within the Colomac sill to
explore the dimensions of high-grade zones 3.0 and 3.5. These holes were not
included in Nighthawk's previously announced resource estimate as certain
required information was lacking at the time. In August 2012, Nighthawk
re-logged and re-assayed drill core from 20 of these holes in order to meet the
necessary quality assurance and quality control requirements ("QA/QC"). As a
result, the historic holes are now eligible to be included in an updated
resource estimate. 


Holes reported herein were drilled within the southern portion of Zone 3.5 (see
Figure 1), south of Nighthawk's subvertical hole (C12-15) that intersected 203.4
metres of 2.49 g/t gold, including 25.75 metres of 7.78 g/t gold (October 10,
2012, news release), and immediately south of the 7 historic holes previously
reported for Zone 3.5 (December 11, 2012 news release). This drilling has
extended Zone 3.5 further south. The zone remains open along strike and to
depth. 


Royal Oak also drilled a single 1,000 metre hole (Z3.5-97-08) to test the sill
at depth beneath Zone 3.5. Gold intersections were reported to a downhole depth
of 965 metres highlighted by 45.72 metres of 1.84 g/t gold, including 4.27
metres of 8.44 g/t gold. Deep drilling has established that the mineralized sill
continues uninterrupted to great depths and validates this untested potential
along its seven kilometre length. Results from the 7 remaining historic holes
that were drilled north of this area will be released as they are finalized.




----------------------------------------------------------------------------
             Zone 3.5 - Previously Unreleased 1997 Drill Results            
                                       From         To     Length      Grade
Hole I.D.                               (m)        (m)        (m)     g/t Au
----------------------------------------------------------------------------
Z3.5-97-04                           346.56     384.35      37.79       1.32
  Including                          346.56     367.89      21.33       2.09
  Including                          351.43     360.58       9.15       3.38
  Including                          353.26     356.92       3.66       5.58
  Including                          366.67     367.89       1.22       4.94
                                     392.89     394.11       1.22       1.20
----------------------------------------------------------------------------
Z3.5-97-07                           156.67     187.76      31.09       2.27
  Including                          156.67     159.72       3.05       2.11
  Including                          166.73     175.56       8.83       3.73
  Including                          174.96     175.56       0.60      32.84
  Including                          181.66     186.54       4.88       3.22
  Including                          181.66     182.88       1.22       8.57
                                     220.68     221.89       1.21       3.63
                                     242.32     242.93       0.61       7.10
----------------------------------------------------------------------------
Z3.5-97-08                           359.36     360.58       1.22       1.51
                                     869.59     915.31      45.72       1.84
  Including                          891.24     895.81       4.57       7.63
  Including                          892.15     893.06       0.91      23.07
  Including                          909.22     921.41      12.19       3.24
  Including                          909.22     913.49       4.27       8.44
  Including                          910.44     911.05       0.61      25.95
  Including                          912.27     913.49       1.22      13.99
                                     963.78     967.13       3.35       2.25
  Including                          964.39     965.00       0.61       6.93
----------------------------------------------------------------------------
Z3.5-97-11                           135.33     158.80      23.47       2.12
  Including                          135.33     146.00      10.67       3.86
  Including                          135.33     139.90       4.57       8.60
  Including                          135.33     136.25       0.92      27.91
  Including                          150.88     158.19       7.31       0.95
----------------------------------------------------------------------------
Z3.5-97-12                           251.76     267.61      15.85       1.16
----------------------------------------------------------------------------
Z3.5-97-19                           abandoned before intersecting sill     
----------------------------------------------------------------------------
(i) Lengths are reported as core lengths. True widths are unknown at this   
time.                                                                       



To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/nhk0116fig1.pdf.


Technical Information

Nighthawk has implemented a quality-control program to comply with best
practices in the sampling and analysis of drill core. Historic 1997 drill core
samples were transported in security-sealed bags for analyses at ALS Chemex
Assay Laboratory in Vancouver, BC ("ALS Chemex"). ALS Chemex is an ISO 9001:2000
certified laboratory. Pulp and metallics assaying for gold was conducted on the
entire pulverized sample. 


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


The technical aspects of this press release have been reviewed by Michael Byron,
Ph.D., P.Geol., Chief Geologist and Director for Nighthawk, who is the
"Qualified Person" as defined by NI 43-101 for this project.


Nighthawk Gold Corp.

Nighthawk is a Canadian-based exploration company focused on acquiring and
developing gold mineral properties in the NWT. Its land position covers 222,203
acres or 900 square kilometres in the Indin Lake Gold Camp, located
approximately 220 kilometres north of Yellowknife, NWT.


Forward-Looking Information

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to future exploration
targets and better defining the current mineral resources at the Colomac Gold
Project. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or implied by such
forward-looking information, including risks associated with the exploration,
development and mining such as economic factors as they effect exploration,
future commodity prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation, political or
economic developments, environmental risks, permitting timelines, capital
expenditures, operating or technical difficulties in connection with development
activities, employee relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of grades of
reserves, contests over title to properties, and changes in project parameters
as plans continue to be refined as well as those risk factors discussed in
Nighthawk's management discussion and analysis for the year ended July 31, 2012,
available on www.sedar.com. Although Nighthawk has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. Nighthawk does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nighthawk Gold Corp.
David Wiley
President & CEO
(647) 260-1247
(416) 363-4567 (FAX)
dwiley@nighthawkgold.com
www.nighthawkgold.com


First Canadian Capital Corp.
Daniel Boase
Investor Relations
(416) 742-5600 ext 232
dboase@firstcanadiancapital.com

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