2 June 2010 – Q2 Operational Update

Nighthawk updated the market on three wells which have been drilled to target depths where significant hydrocarbons were encountered in “several horizons” in each well.    The three wells are located at the Jolly Ranch area which is 50% owned by Nighthawk.   The company’s management is encouraged by the initial results and completion processes are commencing. The company is making progress and the shares are a BUY.