Nighthawk Gold Corp. announced that it has formed a new wholly-owned subsidiary (RoyaltyCo), which will focus on acquiring royalty interests, making strategic investments and exploring other accretive opportunities. To start this venture, the Company has granted RoyaltyCo a 2.0% net smelter return royalty (the NSR Royalty) on the Colomac Project and the entire regional district-scale Indin Lake Gold Property.

The NSR Royalty along with certain cash that Nighthawk plans to transfer to RoyaltyCo will be the initial assets for this new venture.