Prophecy Development Corp.

Nighthawk Gold Highlights NWT Government Strong Mandate for Support of Increased Resource Exploration and Development

TORONTO, Feb. 13, 2020 /CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK; OTCQX: MIMZF) is pleased to report that the recently elected government of the Northwest Territories ("NWT"), has published the Mandate of the Government, 2019-2023 (the "mandate"), which outlines progressive initiatives with respect to the mineral resource industry and infrastructure improvements. Of the 22 priorities set by the government in October, the mandate includes objectives with respect to, increase resource exploration and development; strategic infrastructure investments; and settle and implement treaty, land, resources, and self-government agreements. Please follow this link for the full mandate as released last week.

Highlights:

  • Increase resource exploration and development: Renewed exploration activity is needed to restore levels of investment, partnership, employment, and growth in the NWT's economy
  • Make strategic infrastructure investments that connect communities, expand the economy or reduce the cost of living, including the Mackenzie Valley Highway, the Slave Geological Corridor and the Taltson Hydro Project: These projects will provide the foundational infrastructure to support an improved quality of life and lower cost of living for NWT residents, as well as support the expansion and diversification of the economy
  • Settle and implement treaty, land, resources, and self-government agreements: Concluding agreements with our Indigenous government partners will advance reconciliation, recognize and affirm Aboriginal and treaty rights, support program and service delivery by Indigenous governments set the stage for further economic development in the NWT

Dr. Michael Byron, President and Chief Executive Officer said, "We have been operating in the NWT since 2009 and have benefited from both territorial and Indigenous government support. We have enjoyed the ease of access to government representatives who have been extremely supportive of the industry and fostering growth for the territory. The newly elected government continues those efforts to encourage and facilitate resource development, foster economic viability for the people and ensure all stakeholders remain committed to a brighter future for the territory. Nighthawk is supportive of these initiatives and looks forward to their implementation and the resulting benefits that will flow to the NWT.

"We had the pleasure of catching up with the government at the recent AME Roundup conference in Vancouver and were greatly impressed with their energy and commitments as stated within the mandate. We continue to be thankful and proud to be working in the NWT."

About Nighthawk
Nighthawk is a Canadian-based gold exploration company with 100% ownership of a district-scale land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada. Nighthawk is focused on advancing the Colomac Gold Project with a current inferred resource of 2.6 million ounces of gold (50.3 million tonnes at an average grade of 1.62 grams per tonne gold), as well as advancing its other regional gold deposits and showings within this largely underexplored Archean gold camp.

The Company has an experienced and dedicated team and is well funded to complete its goals and objectives over the next 12 months.

Neither the Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

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, initiatives as proposed by the NWT government, their timing, and any direct impact to Nighthawk. 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 annual information form for the year ended December 31, 2018, 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.

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Nighthawk Gold

Last Trade: C$1.25
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Market Cap: C$242.140M

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