VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 30, 2007 -- West Hawk Development Corp. (the "Company") (CDNX:WHD.V - News)(Frankfurt:H5N.F - News) is pleased to announce that the West Hawk Energy, USA financial transaction has been approved by the Luan Mining Industry (Group) and the Chinese government authorities, and the funds are in the process of being transferred.
"This marks the continuation of a strategic relationship with a company that has the same vision as we do" said Dr. Wm. Mark Hart, President and CEO, West Hawk Development. "We share the vision that the utilization of coal as a clean energy source will provide for the continued and sustained standard of living for an energy hungry world. Our focus is getting the feedstock, coal or gas, into a gaseous state and using it as the market demands".
Chairman Ren, of the Luan Mining and Industries Group said "We are looking forward to a long and lasting relationship with West Hawk Development Corporation. The gasification products from coal will play a significant role in meeting the world's energy needs. Coal is the world's most abundant fossil fuel and gasification coupled with the recovery of valuable by-products will provide for a clean energy future".
The entire Board of Directors and the executive management team look forward to working with Chairman Ren and the Luan Mining Industries Group.
On behalf of the Board of Directors,
Dr. Wm. Mark Hart, President, CEO, and Co-Chairman
Chris Verrico, Co-Chairman
Additional information is available on our website at www.westhawkdevelopment.com.
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Tulita coal property in the Northwest Territories; the Groundhog coal property located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.
Contact: Contacts: West Hawk Development Corp. Dr. Wm. Mark Hart President, CEO, and Co-Chairman (604) 669-9330
West Hawk Development Corp. Chris Verrico Co-Chairman (604) 669-9330 (604) 669-9335 (FAX) Email: info@westhawkdevelopment.com Website: http://www.westhawkdevelopment.com
-------------------------------------------------------------------------------- Source: West Hawk Development Corp
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