Redhawk Resources : Announces Closing of $126,500 Private Placement

Vancouver, Canada - March 16, 2017 - Further to the news release dated February 21, 2017, Redhawk Resources, Inc. ('Redhawk' or the 'Company') (TSX: RDK, FSE: QF7) is pleased to announce the completion of the Company's non- brokered private placement (the 'Private Placement') of 2,300,000 units of the Company ('Units') at a price of $0.055 per Unit to raise total gross proceeds of $126,500. Each Unit consists of one common share of the Company (each, a 'Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each whole Warrant is exercisable into one additional Share for a period of two years at a price of $0.075 per Share.

The proceeds of the Private Placement will be used for general working capital. Finder's fees of $2,475 were paid in cash, being 5% of the gross proceeds of a portion of the Private Placement received by the Company. All securities issued pursuant to the Private Placement are be subject to a hold period expiring on July 15, 2017, being four months and a day following the date of issue.