HGC Hawthorne Gold Corp.

Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(PINK
SHEETS:HWTHF) is pleased to announce that it has arranged a non-brokered private
placement (the "Private Placement") of up to 90,909,090 common shares for
proceeds of up to $10,000,000. Skyocean Ventures Investment Limited
("Skyocean"), a company associated with Hawthorne shareholder China Mineral
Holdings Limited has agreed to purchase 68,181,818 common shares of Hawthorne at
price of $0.11 per common share for gross proceeds of $7,500,000. The common
shares issued pursuant to the Private Placement will be subject to a statutory
hold period of four months plus a day from the date of issuance in accordance
with applicable securities laws.


CMH currently holds 14,338,801 special warrants of the Company (the "Special
Warrants"). Each Special Warrant entitles CMH to receive, upon exercise or
deemed exercise thereof, and without payment of additional consideration, a unit
consisting of one common share of the Company and one half of one transferable
common share purchase warrant. For further information on the Special Warrants
and details of additional common shares which may be issued by the Company to
CMH, see Hawthorne's news release dated April 19, 2010, a copy of which is
available on SEDAR (www.sedar.com).


Closing of the Private Placement is subject to receipt of applicable regulatory
and shareholder approvals. Pursuant to TSX Venture Exchange ("TSXV") rules,
Hawthorne is required to obtain shareholder approval for the Private Placement,
as the share issuance to Skyocean will result in the creation of a new "Control
Person", as defined in the TSXV Corporate Finance Manual. Pursuant to
Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), Hawthorne may also be required to obtain
"minority approval" (as defined in MI 61-101) for the Private Placement, as the
Private Placement constitutes a "related party transaction". An information
circular in connection with the special shareholders' meeting (the "Meeting")
will be delivered to shareholders and filed on SEDAR pursuant to applicable
securities laws. Hawthorne expects to hold the Meeting on or about December 8,
2010.


The net proceeds of the Private Placement will be used by Hawthorne for
exploration and development at its Table Mountain Mine, as well as for general
corporate and working capital purposes.


About Hawthorne Gold Corp.

Hawthorne Gold Corp. is a Canadian-based gold exploration and development
company with key properties located 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 Table Mountain and the continued resource development at the
nearby Taurus deposit.


ON BEHALF OF HAWTHORNE GOLD CORP.

Michael J. Beley, Chairman

Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond Hawthorne's
control. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements
contained in this press release. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements, except as
may be required by law.

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