Company Information for Redhawk Resources Inc

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Company Statement

Redhawk Resources is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The Company also has two gold/silver properties of merit in Nevada.

Current Operations

Copper Creek Project
Redhawk's 7 square mile Copper Creek Property is located 75 road miles northeast of Tucson and 15 miles northeast of San Manuel, in an area well situated in regards to existing general and copper mining infrastructure. The property is in the prolific southwest porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.

Copper Creek hosts multiple Breccia and Porphyry Copper Deposits. Both deposit types include current copper/molybdenum resources compliant to Canadian National Instrument 43-101 standards. Molybdenum is present in varying amounts in the Breccia and Porphyry Copper deposits and is expected to provide substantial credits to both deposit types. Gold and silver are also present in both deposit types and are expected to provide credits during mining.

The Copper Creek property has had a substantial amount of exploration conducted on it, with over 350 drill holes and 500,000 feet of drilling to date, and there is significant potential for additional discoveries on this large claim block. Development to date on the property has been confined to the area highlighted by the inset block in Figure 1. There are over 400 known breccia deposits on the 5,100+ acre property, of which only about 35 have had drilling on or near them and only 3 have been adequately drill tested. A multitude of other high-potential target exploration areas have been identified in this prolific area of breccia outcrops with more than 80% of property still open to further exploration.

Redhawk engaged Tucson, Arizona based Independent Mining Consultants ("IMC") to calculate Canadian National Instrument 43-101 compliant Mineral Resource tons and grade for three breccia deposits (Mammoth, Childs-Aldwinkle, and Old Reliable) and the "Keel porphyry like" zone below the Mammoth Breccia in mid 2006. The 2006 estimate for the three breccias and the Keel Zone comprises a measured and indicated resource of 6.4 million tons grading 1.75% copper equivalent ("Cu Eq") and an inferred resource of 3.6 million tons grading 1.76% Cu Eq, using a 0.75% copper cutoff. An update from IMC on this resource that includes Redhawk's 2007 drilling is due in early 2008.

A further resource estimated was prepared by IMC on the American Eagle "porphyry" deposit located about 1,000 feet to the SE of the Keel deposit in November 2007. The Technical Report indicated an additional inferred resource of 110,000,000 tons grading 0.81% copper equivalent based on a 0.60% Cu Eq cutoff. Cutoff grade for both resource calculations were based on preliminary estimates of mining, processing and G&A costs and $1.50/lb copper and $12.00/lb molybdenum prices. These combined resources are indicative of approximately 2.1 billion pounds of in-situ copper equivalent. Full details of the resource calculations and the complete Technical Reports are available on this website.

Multiple resource-grade drill intercepts outside the current historical resources provide opportunities to significantly increase the resource base at Copper Creek. In addition, the November 2007 IMC Technical Report on the American Eagle deposit indicates that the Inferred Resource increases from 110.02 million tons to 150.90 million tons with only a 0.05% corresponding drop in the Cu Eq cutoff. This would have the effect of increasing the Cu Eq in-situ resource from 2.1 billion pounds to about 2.58 billion pounds. The deposit also remains open in all directions and at depth.

IMC has also been engaged to advise the company what further drilling and/or other work will be necessary to facilitate conversion of the current Mineral Resources into fully compliant Mineral Reserves for both mine planning and mine finance purposes.

Redhawk believes that a combination of the higher-grade breccia deposits and the much larger porphyry deposit represented by the Keel and American Eagle deposits offer an opportunity for developing a large low cost, long life underground mining operation. To that effect Redhawk, through its consultants, completed the ground water monitoring, waste rock characterization studies, environmental and cultural studies required to submit an Aquifer Protection Permit (APP) with the Arizona Department of Environmental Quality to allow an exploration decline to be driven into the Breccia Resource area. That permit application was submitted in October 2007 and is anticipated to require six to twelve months for approval.

Phase One Development commenced in September 2006 and included developing and prioritizing surface and underground exploration and development drilling priorities, and designing and costing underground access options. An initial drilling phase to expand and better define the Mammoth Breccia resource began in late 2006 and was completed in late 2007.

Phase Two Development commenced in late 2007 and includes a 70,000 foot drilling program to confirm and expand the American Eagle Resource, attempt to connect the Keel "porphyry like" zone with the American Eagle Resource, and drill a couple of the high priority breccia targets near the proposed exploration decline. Phase Two also includes metallurgical testing on the new drilling, geotechnical work on the American Eagle and Keel resource areas, continued environmental and cultural work on conceptual mining areas, hydrologic studies, and ground water monitoring. All this work will lead to an updated resource study and a Scoping Study targeted to be completed before the end of 2008.


Alien Gold Project
The six square mile 100% owned Alien Gold project is located 55 miles southeast of Tonopah Nevada along the prolific precious metals Walker Lane Trend.

Redhawk's 2004 core drilling program (core hole AC02 intersected 4' of 15.5g gold and 195g silver at a depth of ~ 725') has confirmed the high-grade potential of the Cap Structure and the larger Cap Zone where previous drilling RC hole C-6 intersected 5' of 24.3g gold and 256g silver at a depth of ~ 300'. The Cap Structure is a 7' to 70' wide (estimated true thickness) gold and silver bearing structure.

With the successful use of the GAR (Gradient Array Resistivity) Survey in verifying the silicified gold and silver bearing structure at Alien. Joe Sandberg, CPG, and Consulting Geologist to Redhawk in 2004 has recommended an additional GAR Surveys followed by 45,000 feet of RC drilling designed to evaluate geological and geophysical targets identified by the GAR surveys, and 7,000 feet of core drilling to further test areas of known mineralization.

With the subsequent success at the Copper Creek Project, the Alien Project has been put on a "standby" mode until sufficient capital can be allocated to work on Alien. Redhawk continues to believe in the potential of Alien to host economic precious metal mineralization. 

Ramona Gold Project
The one square mile 100% owned Ramona Gold project is located 12 miles southwest of Hawthorne Nevada along the Walker Lane Trend. Ramona is immediately west of the Borealis Freedom Flats open pit deposit. The adjoining Borealis gold mine is being redeveloped by Gryphon Gold Corp.

The gold deposits at Borealis are structurally controlled and located along a series of high angle east-northeasterly trending normal faults. The GAR survey completed by Redhawk in December of 2004 indicates that the trend of these gold deposits appears to continue onto Redhawk's Ramona Gold property.

Historic drill results from the Borealis include 180 ft of .66 oz/t gold including 25ft of 2.03 oz/t gold from hole FF-229 in the Graben area, and drill hole FF-125 which returned 50ft of 0.828 oz/t gold from beneath the Freedom Flats pit. Gryphon Gold is continuing their exploration and development efforts in the district and Redhawk is monitoring their efforts. 

Geographical Spread

Copper Creek Project, Arizona

Board of Directors and Key Management

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