Overview

West Hawk is a mineral exploration and development company committed to building shareholder value through the acquisition of 100% interests in highly perspective mineral properties. Through its newly formed subsidiary, Northern Clean Fuels Inc., West Hawk aims to be the first company to employ Coal Gasification/Liquefaction technology to produce ultra-clean transportation fuels and electric power in British Columbia.

Investment Highlights

Corporate Profile

Through its newly formed subsidiary, Northern Clean Fuels Inc., West Hawk aims to be the first company to employ Coal Gasification/Liquefaction technology to produce ultra-clean transportation fuels and electric power in British Columbia.

The global market for coal is poised to take a significant leap forward in the decades to come. Driven by an ever increasing demand for petroleum based fuels in a market with finite capacity these already proven technologies to exploit coal more effectively and environmentally are being aggressively
applied around the globe with US$25 Billion of new projects now being advanced. It is surprising for many to learn gasoline, zero sulphur diesel, jet fuel and other petroleum products have been made from coal for decades having been successfully employed in Europe, South Africa and Russia with plants designed not only to produce low emission electricity, but also a very high grade of diesel fuel as an economically competitive alternative to refining crude.

The Fischer Tropsch Process innovated in Germany during the 1920's converted coal directly into diesel fuel using coal gasification/liquefaction. Coal gasification uses high heat and pressures to convert coal partially or completely into combustible gases/liquids. The resulting 'syngas' is then purified prior to being used either for cleaner power generation and/or refining into much higher grade liquid fuel products than we've been used to. For instance, 'Cetane' is the Octane equivalent for rating diesel fuels. Typical diesel presently in use today has a Cetane rating from 40 to 50; however the diesel fuel from this process will have no sulphur and a Cetane rating at +70, thereby providing much more efficient combustion and much less pollution!

Properties

Groundhog Coal Field - Encompassing 120sq. km’s of coal licenses, the project consists of five main anthracite coal deposits straddling the rail grade between Prince George and Dease Lake in Northern British Columbia. In 1910 the entire Groundhog Coal Field was being touted as “the largest colliery with the highest grade coal on the Pacific Coast”. Work on the property to date has resulted in a Coal resource estimated at 48 million tonnes inferred and 980 million tonnes speculative.
 

With energy values as high as 15,000 BTU’s/lb, low sulfur and volatilities, this high carbon content ranks amongst the best quality anthracite coal in the world. A coal resource of this magnitude and quality at Groundhog provides West Hawk shareholders with a massive hedge to current Energy and Commodity Markets. A drill program planned for Q2-`06 is aimed at expanding the total speculative resource while upgrading inferred resources to the measured and indicated categories.

Coal Creek - project consists of 900 hectares of coal licenses located approximately 40 kilometers due west of Smithers, BC with road access available directly to the property. Originally staked in 1908, five separate seams ranging from 1.8 to 4.9 meters in thickness were identified along Coal Creek.
 

In the late 60’s and early 70’s exploration work estimated an indicated coal resource of 31,745,000 tonnes, and inferred resources between 11.8 and 55.5 million tonnes ranking high volatile bituminous A to B coal. Additional exploration work from 1981 to 1985 further assessed coal quality and proposed locations for two open pits. “This project has the nearest term production potential of the company’s coal projects” stated Chris Verrico, CEO. “Nearby logging roads will provide an easy route to an existing rail loading facility within 250 kilometers of the Ridley Island Coal terminal in
Prince Rupert B.C. accessing the high demand markets in India, Asia, and Brazil”. Efforts are underway to evaluate mining raw coal at Coal Creek under a small mine permit (i.e. <250,000 tonnes/annum). A management decision to proceed is expected by the spring of 2006.

Australia Creek - The 5300 hectares of coal licenses are located 28 km’s south of Quesnel, B.C., lying adjacent to the CN Railway. B.C. Hydro assessed the deposit during the 1980’s for potential to support a Thermal Power Plant. Results from 25 drill holes inferred a total resource of 103.6 million tonnes of which 29.5 million lies within 80 meters of surface, which could be mined by
open pit methods.
 

West Hawk’s recently created subsidiary Northern Clean Fuels has commenced a study on the feasibility of building a mine mouth plant at it’s Australian Creek Project for the generation of
approximately 250 MW of electricity while also producing 8,500 bpd of clean sulfur free diesel fuel and 1,600 bpd of naphtha for use as a ‘diluent’ for tar sands heavy crude.

Industry

Coal should continue to play a key role in the world’s energy mix, with demand in certain regions set to grow rapidly. Growth in both the steam and coking coal markets will be strongest in developing Asian countries, where demand for electricity and the need for steel in construction, industrial and consumer goods increases as incomes continue to rise. Also Brazil’s growing steel industry, largely caused by Chinese demand, will also play a role in supporting strong demand. (Source: Fundamental Research)

Metallurgical coal prices hovered between US$45 to US$55 throughout the 1980’s and 90’s. Prices surged in 2004 and 2005 as increased Chinese demand for coking coal rapidly outstripped supply. Short-term supply problems, such as bottlenecks at Australian shipping terminals and strikes at some key mines fuelled the problem. Prices briefly spiked above US$120. Most of the supply bottlenecks have since been resolved, and prices have started to come down, however they are still well above their historical lows. (Source: Fundamental Research)

Gasified coal power plants are much cleaner than standard coal power plants, capturing much of the sulfur, CO2 and nitrogen compounds that produce smog and acid rain. Fuel created this way is more
environmentally friendly, low in CO2, sulphur and nitrogen. Fuel from coal becomes competitive when oil is priced around US $35 / barrel. Now, the price of oil is hovering around $60. (Source: SmartStox.com)

To read the full Fundamental Research Report, Click Here.

Recent News and Press Releases

• West Hawk Increases IR Contract, Meets Technology Partners and Announces Financing
Business Wire (Mon, Feb 27)
 

• West Hawk Development Corp. (TSX-V: WHD), Initiating Coverage, by Investrend Research Provider Fundamental Research
Business Wire (Mon, Feb 13)
 

• West Hawk Updates Groundhog and Begins Drilling at Coal Creek
Business Wire (Fri, Feb 10)
 

• Smartstox.com Spotlights Cream Minerals, West Hawk Development and International PBX Ventures
PrimeZone Media Network (Wed, Jan 18)
 

• West Hawk Announces Joint Venture and Private Placement
CNW Group (Wed, Jan 11)
 

• West Hawk Appoints Coal Mining and Coal Gasification Guru
Business Wire (Tue, Dec 6)
 

West Hawk Development Corp.
Suite 1128
789 West Pender Street
Vancouver, B.C. V6C 1H2

Toll Free: 1-866-669-9377
Email: info@westhawkdevelopment.com

WHD filings with SEDAR can be found here. All Fillings are current and the Company is fully reporting.

This report includes forward-looking statements that reflect West Hawk Development Corp. current expectations about its future results, performance, prospects and opportunities. West Hawk Development Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause West Hawk Development Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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