EDMONTON, ALBERTA--(Marketwire - April 1, 2010) - Cavallino Investment Corp. ("Cavallino", or "CIC" or the "Dissident") and certain other dissatisfied shareholders of Hawkeye Gold & Diamond Inc. ("Hawkeye" or "HGO") have initiated Dissident Shareholder proceedings against Hawkeye with the sole purpose of nominating three directors of their choice for election to Hawkeye's board of directors. Cavallino and these other shareholders, comprising the Dissident Shareholders, collectively own in excess of 6.5% of the issued and outstanding shares of Hawkeye.