Update Regarding Fuselier Settlement with Former West Hawk Creditors

DENVER, COLORADO - (Marketwire - Oct. 6, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD) ("West Hawk" or the "Company"): Further to the Company's May 15, 2008 press release announcing that Fuselier Holding, LLC ("Fuselier") has reached settlement agreements with certain of West Hawk's former creditors, the Company advises that of the original group of 74 creditors owed an aggregate of approximately US$10.6 million, which debt obligations were assigned to Fuselier in April 2008, only 6 creditors representing a total debt obligation of approximately US$900,000 remain. The creditors that have reached settlement with Fuselier have signed agreements which release the Company from any future liability regarding the US$9.7 million in assigned debt once the debt is fully paid. Fuselier will obtain a similar release from each... [read full story]