TORONTO, Oct. 10, 2025 (GLOBE NEWSWIRE) — Greenhawk Resource Inc. (“Greenhawk” or “Company“) (CSE: GRHK) announces the termination of the independent option and joint venture agreement dated May 21, 2025 (“Agreement“) from 1531323 BC Ltd. (“1531323 BC“) regarding the Company's property in Greenland.
Under the terms of the Agreement, 1531323 BC was required to make a cash payment of C$100,000 within 90 days. Since this payment was not made, the Company exercised its right to terminate the Agreement.
The Company continues to evaluate strategic alternatives for its Greenland assets and intends to update its engineering report by the end of the year.
ABOUT Greenhawk Resources Inc.
Greenhawk is a Canadian resource exploration and development company. Greenhawk holds 100% legal and beneficial interest in two mineral exploration licenses and one exploration license in Greenland, known as the Storø Gold Project. Additional information about Greenhawk is available on SEDAR+ at sedarplus.ca. Greenhawk is listed on the Canadian Securities Exchange (www.thecse.com) (Che: grhk).
Issued on behalf of the Board of Directors Greenhawk Resources Inc.. For information contact:
David Jagodzinski, Director of Corporate Development
Phone: +1 (416) 504-2020
E-mail: [email protected]
NONE THAT CANADIAN SECURITIES EXCHANGE NI HIS RULES SERVICES PROVIDER HAVE CHECKED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Carefully Note Regarding Visionary Information
This press release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. Forward-looking information includes, but is not limited to, statements regarding the Company's plans to update its engineering report and evaluate strategic alternatives for its Greenland assets. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking information. There can be no assurance that such information will prove to be accurate and readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information except as required by applicable law.
