TORONTO, ONTARIO--(Marketwire - Oct. 9, 2012) - Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) is pleased to announce that it has received gross proceeds of C$1.7 million in September 2012 through the exercise of warrants prior to their expiry on September 23, 2012 (the "Warrants").

In total, 13,915,915 Warrants were exercised for a total of 13,915,915 common shares of Nighthawk at an exercise price of C$0.14 per Warrant, representing 76.5% of the outstanding Warrants. 4,272,260 Warrants expired pursuant to their terms on September 23, 2012.

As of today, Nighthawk has 136,395,996 common shares outstanding on an undiluted basis (170,746,440 on a fully diluted basis).

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, Northwest Territories, Canada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

Nighthawk Gold Corp.
David Wiley
President and CEO
(647) 260-1247

First Canadian Capital Corp.
Daniel Boase
Investor Relations
(416) 742-5600 ext 232
(416) 363-4567 (FAX)