| ||June 09, 2009|
Hawthorne Engages O&M Partners LLC
| ||Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC, US: HWTHF) announces that it has retained New York based O&M Partners LLC ("O&M") to target potential institutional and independent money managers for a period of six months with an option to extend up to two years. The agreement is subject to regulatory approval.|
"We are pleased to have O&M on our team. O&M has expertise in matching mining companies with the right institutional investor. We expect through O&M's targeting ability and strong relationships to be able to expand our network of investors. Hawthorne is aggressively advancing its 2009 exploration and development programs and having O&M involved will assist the Company in broadening its shareholder base," commented Richard Barclay, President and CEO of Hawthorne.
Services offered to the Company include initiating contacts and meetings with institutional investors, independent money managers and market makers. Terms of the engagement include monthly payments of USD $6,000 and the grant of 100,000 incentive stock options exercisable for a two year term. The options vest quarterly and 50,000 options are exercisable at a price of $0.40 per share and 50,000 options are exercisable at $0.50 per share.
About O&M Partners LLC
O&M is a buy side consulting firm specializing in the resource sector. They have been introducing small cap equities to the institutional investment community across the United States and in select European and U.K. markets since 1995. For the past eight years, O&M has been a leading agent in introducing senior management of mining companies to both specialist and generalist institutional investors.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Cassiar Gold Mine in Q4 2009 / Q1 2010 and to continue resource development of the nearby Taurus deposit, as well as the Frasergold deposit in the south central British Columbia Cariboo region. Hawthorne continues to review potential acquisitions, focusing on high quality, advanced gold development opportunities.
For more information on Hawthorne, contact Todd Hanas toll free at 1-866-869-8072 or the Company at (604) 629-1505, or you can visit Hawthorne's website at www.hawthornegold.com.
ON BEHALF OF HAWTHORNE GOLD CORP.
"Richard J. Barclay"
President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.
Neither 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 of accuracy of this release.
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