Category Archives: Hunt Gold Corp. HGLC

Hunt Gold Corp. (HGLC.PK): Joint Venture Company Continues to Acquire Additional Shares

February 25, 2009

Hunt Gold Corp. announced that the Joint Venture Company formed in a 50/50 partnership with a Mining Fund has acquired an additional 375 million shares. Total purchases to date by the Joint Venture Company now total to 3,403,863,000 shares at an average price paid per share of $0.0001.

Although the Joint Venture Company has been acquiring these shares in “off the market” transactions, both the JV and Hunt Gold realize that it is highly unlikely that they will be able to continue doing so because they haven’t been able to attract any further sellers at the prices they are offering.

Hunt Gold management emphasized that the sellers who sold their shares to the JV were forced to dispose of these shares due to financial pressures beyond the sellers’ control and were made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.

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Hunt Gold Corp. (HGLC.PK) Reports Remainder of the Highly Successful Assay Results

Yesterday, Hunt Gold Corp. released additional details of the assay results concerning the first five drill holes of the recently completed drill campaign at the company’s “Mockingbird” Gold Project in Arizona. The company reported the following:

— All of the first eight drill holes encountered Gold Mineralization. Eighth Drill Hole encountered High Grade Gold. The Assay Results have matched and in fact beaten, the Company’s Management expectations.

— Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced yesterday. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.

— New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.

— An additional 320 acres of mining claims have been staked this week, bringing the company’s “Mockingbird” Gold Project claims to almost 3,000 acres.

Hunt Gold Corporation’s CEO, Michael G Saner, commented that he is “delighted with the success of the Company’s initial campaign and the Assay Results published [Monday] and [yesterday]; which clearly prove that the Company’s ‘Mockingbird’ Gold Property is extremely viable. The new extensive drilling campaign will now prove up significant additional Gold reserves. In short, the Company’s Management is absolutely delighted with these initial results.”

Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered especially encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton. According to the press release, open pit gold mines in the Arizona / California / Nevada region have profitably mined gold that assayed as low as .02 ounces per ton. However, the company noted that establishment of the cutoff grade for mining at Mockingbird will need to await preparation of the feasibility study, which will require several more rounds of drilling.

As announced previously, the Company is well underway in establishing a geochemical control grid at the property. More than 50 rock chip samples have been taken so far from numerous historic workings throughout the four plus square mile property. Upon completion of this work, the anomalous values for gold, silver and copper (a pathfinder element at the company’s “Mockingbird” Gold Property) will be mapped, contoured and used to select drill sites for the next drill campaign.

Further details can be read at the following link: http://www.marketwire.com/press-release/Hunt-Gold-Corporation-953605.html

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Winston Pharmaceuticals, Inc.’s (WPHM.OB) Lead Compound Granted Orphan Drug Designation

February 24, 2009

Winston Pharmaceuticals, Inc. announced that it has been granted orphan drug designation from the U.S. Food and Drug Administration (FDA) for its lead compound, Civamide, a novel TRPV-1 receptor modulator being developed as a dermal patch for the treatment of post-herpetic neuralgia. The company recently released results of a Phase I study demonstrating the patch’s ease of use with repeated 24-hour applications.

The lack of systemic absorption of Civamide from the patch should permit its use as either a monotherapy or as adjunctive therapy in combination with systemic medications used to treat post-herpetic neuralgia such as Cymbalta(R) (Duloxetine) and Lyrica(R) (Pregabalin), without a risk of drug-drug interactions. Winston is currently conducting a Phase II study of the Civamide Patch in patients with chronic post-herpetic neuralgia.

“FDA orphan drug designation provides multiple incentives for the development of Winston’s Civamide Patch. Such designation will permit the accelerated development and availability of the Civamide Patch to patients suffering from this extremely painful condition,” commented Joel E. Bernstein, MD, President and Chief Executive Officer of Winston Pharmaceuticals, Inc. “The Civamide Patch represents a quantum advance over current topical therapies for neuropathic pain.”

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Hunt Gold Corp. (HGLC.PK) Continues Stock Purchase Campaign

February 23, 2009

Hunt Gold Corp. announced today that its Joint Venture Company, formed to acquire HGLC shares as a short to medium term investment, acquired an additional 425 million shares at a price of $0.0001. Total purchases to date by the Joint Venture Company now total to 3,028,863,000 shares.

Joint Venture Company’s purchases have substantially reduced the total of Common Stock being offered in the market. The Joint Venture Company and the Company’s Management currently believe that they won’t be unable to purchase additional shares in “off the market” transactions since they have been unable to attract any further Sellers at these prices.

Further purchases of the company’s shares by the Joint Venture Company will be affected in the market once Hunt Gold’s website is launched. The company believes today’s earlier news announcing Assay results will “undoubtedly cause the Company’s stock price to higher price levels in a short period of time.”

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Hunt Gold Corp. (HGLC.PK) Initial Assay Reports Prove Gold Reserves

Today before the opening bell, Hunt Gold Corp. announced assay results from the first five drill holes of its first recently completed drill campaign at the “Mockingbird” Gold Project in Arizona. The assay work was done by Jacobs Assay of Tucson, Arizona.

The company reported the following:

– All of the first five drill holes encountered Gold Mineralization.

– Management considers these Assay initial results to be solid and positive but is of the opinion that the Assay Results from the remaining three drill holes to be of a far higher grade and Jacobs Assay has elected to place the assays for the other 3 drill holes in “EXCEPT” meaning that 3 or 4 intervals in the “ore zone” are listed as “pending.” Management is of the opinion that Jacobs Assays has higher gold values for these intervals, and to that end, they are re-running the tests to ensure that these higher grade Assay Results are as expected by Hunt Gold’s Management Team. These additional Assay Results will be announced shortly.

– Based upon proven historical geological and drilling, Assay Results and data supported by the current ongoing exploration work at the Company’s “Mockingbird” Gold Property, Management is of the opinion the new extensive drilling and exploration campaign will yield considerably higher grades than detailed in this announcement and considers this substantial investment to be justified.

– Initial Assay Results clearly prove that Management’s decision to embark upon the Company’s new “Non Stop” Drilling Campaign at considerable expense is justified based upon the initial phase of drilling and the subsequent Assay results announced today. Management considers its decision to authorize the US$10 million in Convertible Bonds to be sound and sensible given the proven Gold Mineralization of its small initial drilling campaign; now allowing for a massive drilling program to commence without delay.

– New Drilling Contracts to be announced this week and to commence without delay. Bids for 5,000 feet of reverse circulation (RC) drilling have been solicited from the final two preferred drilling companies. The Company is currently in the second round of this bidding. This RC drilling will be at a dramatically lower cost per foot than the core drilling done for the first drill campaign.

– An additional 320 acres of mining claims have been staked this week, bringing the Company’s “Mockingbird” Gold Project claims to almost 3,000 acres.

According to the press release, all five drill holes encountered gold mineralization. Two holes at the company’s “Great West Gold Mine” on the “Mockingbird” Gold property encountered particularly encouraging gold intervals: GW-08-1, 110 feet to 115 feet, .070 ounces of gold per ton and GW-08-04, 105 feet to 110 feet, .041 ounces of gold per ton.

Hunt Gold Corporation’s CEO, Michael G Saner commented, “We are very pleased that the initial drill results confirm the Company’s view that its ‘Mockingbird’ Gold Property is a gold bearing system. Furthermore, the potential gold ore is in the zones predicted by the Company’s geologists, which means that we are gaining an understanding of the gold mineralization at what is at present our flagship Gold Property.”

He added, “I am proud of all of the extensive, intensive and methodical work being done by the entire team to prepare for this second and hugely extensive drilling campaign. This is a big property, with dozens of mineralized outcrops, and we intend to drill in all of the right places for all of the right reasons.”

The company’s next round of drilling will be targeted on the vicinity of the low-angle Mockingbird Detachment Fault, which is a sub-horizontal interface between the older Precambrian rocks and the younger overlying upper plate Tertiary volcanic rocks. This zone was mined at the Mockingbird Mine itself and hosted a majority of the Mockingbird District’s historic production of 15,000 ounces of gold.

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Hunt Gold Corp. (HGLC.PK) Valuation Soars as Gold and Silver Prices Ascend

February 20, 2009

With Gold prices now close to $1,000 an ounce, Hunt Gold Corp.’s gold mining properties are substantially increasing in value. In fact, Jeffrey Nichol, head of American Precious Metals Advisors, claimed yesterday that Gold Prices could rise higher than $2,500 per ounce in the future.

Hunt Gold also retains interest in Silver Mining through its stockholding in a Silver Company. Silver has also done extremely well the past few months, rising from $8.40 an ounce to more than $14 an ounce. The company’s valuation will continue to rise as precious metal prices benefit from investors’ demand for “safe haven” investments.

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Hunt Gold Corp. (HGLC.PK) Joint Venture Company Purchases an Additional 800 Million Shares

February 19, 2009

Moments ago, Hunt Gold Corp. announced that its Joint Venture Company, a partnership between Hunt Gold and a Mining Fund to acquire shares of HGLC, acquired another 800,000,000 “free trading” shares of the company’s common stock from another Seller yesterday at a price of $0.000075 per share. That seller is no longer offering the shares in the market.

Total purchases to date by the Joint Venture Company now total to 2,603,863,000 shares of “free trading” common stock. All purchases by the Joint Venture Company were transacted “off market” to eliminate brokerage costs and avoid distortion of trading volumes. The purchases to date have been settled in cash.

Hunt Gold management emphasized that the seller was being forced to dispose of these shares due to financial pressures beyond the seller’s control and was made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.

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Hunt Gold Corp. (HGLC.PK) Issues Convertible Bonds to Eliminate All Debt and Strengthen Balance Sheet

Today before the opening bell, Hunt Gold Corp. announced that it has authorized an issue of up to $10 million of Convertible Bonds. These bonds are being issued to eliminate existing loans made to the company. The company intends to settle all of these loans through the issuance of convertible bonds by the end of this month.

Hunt Gold Corporation’s cash requirements are enormous considering its extensive exploration and drilling program, ongoing monthly overhead costs, the costs of its Geologists, Professional Advisors and Consultants, its fifty percent share of the Joint Venture Company which is actively acquiring shares of Hunt Gold Corp., and the proposed stock buyback and cancellation program.

The terms of the Convertible Bonds include, without limitation, that: (i) at the option of the holder, the Convertible Bonds are convertible into shares of Hunt Gold Corporation’s Common Stock, at any time after March 31, 2010 and not before that date under circumstances; and at a conversion price calculated at a 10% (ten percent) discount to average closing price of Hunt Gold Corporation’s shares of Common Stock for 5 (five) trading days prior to any such conversion. These Bonds will bear interest at the rate of 9% (Nine percent) per annum, and will only be issued to “accredited investors,” as such term is defined in Rule 501 of Regulation D.

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Hunt Gold Corp. (HGLC.PK) JV Company Continues to Acquire Shares of Common Stock

February 18, 2009

Today, Hunt Gold Corp updated investors on the progress of its JV Company’s stock purchases. Total purchases to date now total to 1,403,863,000 shares of “free trading” Common Stock after the Joint Venture Company acquired an additional 300 million shares of the Company’s “free trading” Common Stock Tuesday, February 17, 2009.

Hunt Gold’s Management emphasized that the sellers of this stock were being forced to dispose of these shares because of financial pressures beyond their control. The Joint Venture Company is making a substantial difference in reducing the number of shares being offered for sale. All purchases have been settled in cash.

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Hunt Gold Corp. (HGLC.PK) Provides Update on Assay Results; Expectations of Gold Deposits

February 13, 2009

In an announcement released today, Hunt Gold Corp. addressed the questions that investors have been asking about why it is taking so long to release assay results for the recent drill campaign at the Company’s “Mockingbird” Gold Property in Arizona. In response, the company quoted their Project Geologist Ed Huskinson who often says “Quality results take time.”

Before the assay process even begins, the drill core has to be logged, split, placed in sample bags and shipped to the Assay Laboratory. Splitting the core involves taking an electric saw and sawing end to end through hundreds of feet of drill core. The core from this drilling program was mostly gneiss (altered granite), which is a very hard rock.

According to the press release, the splitting of the core took weeks of effort. Although the core from the very first hole was split and sent to the Assay Laboratory in late December of last year, this process was not completed for the final and eighth drill hole until the end of last week.

Once the drill core arrives at the Assay Laboratory, it is processed at time frames which are at the Assay Laboratory’s discretion. Once the Assay Laboratory starts on a company’s core samples, the pulps are prepared from the split core. They are then put through the fire assay process. Typically, the samples are mixed with fluxing agents including lead oxide, and fused at high temperature. The lead oxide is reduced to lead, which collects the precious metals. Once cooled, the lead remains at the bottom, while a glass-like slag remains at the top.

The precious metals are then separated from the lead by cupellation. The final technique used to determine the gold and other precious metals contents of the residue can range from a balance (for very high grade samples), to AAS, ICP-AES or ICP-MS. Finally, the gold and silver content of the remaining residue is determined.

The Assay Laboratory then verifies its calculation before releasing the assay results. This whole process can and usually does take more than a month. The process is taking even longer than usual for Hunt Gold since the recent drill campaign was interrupted by the worst snow storm in the Las Vegas area since 1979 and the multiple days the Assay Laboratory was closed for the Holidays. No assay work (other than preliminary sample preparation) was actually begun by the Assay Laboratory lab until January.

Keeping all this in mind, Hunt Gold will not know definitively of any gold in the drill core until the assay results are in from the Assay Laboratory. However, Management has proven historical data validating that the four mines at the Mockingbird Property historically produced gold. The company reminded shareholders that together its management team has over 200 years of experience and would not be expending enormous sums of money and energy on these projects unless they were convinced that the efforts are based on provable numbers.

In the meantime, Hunt Gold will be awarding the drilling contract that consists of drilling on a number of drill sites, which are continually being selected by the company’s geologists. This “non stop” drilling campaign (barring adverse weather conditions) will utilize a “state of the art,” faster and less costly drilling process. The company currently plans to use a track-mounted or rubber tire (buggy) rig capable of reverse circulation (RC) drilling. RC drilling is much more economical on a per foot basis than core drilling and will enable the next drilling campaign to significantly increase the footage drilled.

Hunt Gold Corporation’s Project Geologist Ed Huskinson initiated a comprehensive reconnaissance sampling program at the Company’s “Mockingbird” Gold property. Numerous additional mineralized areas were discovered during the recent drill campaign, and the reconnaissance is inventorizing and sampling the surface outcrops in a very thorough and scientific manner. Soil geochemical samples are being taken on a 200 foot grid over priority areas, most notably the 56 recently staked claims in the former Anaconda project area. Geochemical results will be posted onto a map and contoured, thus generating “bulls-eye” targets for the next phases of drilling.

The company anticipates continually drilling throughout this year to expand gold resource and advance its gold properties toward production. Nonstop exploration is at the core of Hunt Gold’s current business model, with a focus on selecting drill targets in a prudent and geologically sound manner.

The new drilling campaign scheduled for this month will target a wide range of carefully selected drill sites over a large number of sections on the majority of Hunt Gold Corporation’s Eleven principal Gold Mining properties. The company’s drilling plans primarily involve its “Golden Eagle,” “Ambassador,” “Venezia,” “Starlight” and “American Flag” Gold Mining properties, as well as the continued “fast track” exploration taking place at the extensive “Mockingbird” Gold Project.

Hunt Gold Corporation’s CEO, Mike Saner, commented, “Hunt Gold Corporation’s exploration program at its ‘Mockingbird’ Gold Project is expanding as we continue to learn important new details about this exciting gold property. Exploration will be done in a systematic way in order to maximize ‘Mockingbird’s’ potential for Hunt Gold Corporation and its shareholders.”

He added, “The new policy of nonstop but systematic drilling on numerous sections of the Company’s Gold Mining properties are expected to significantly add to Hunt’s Gold Resources and given the return of the Gold Price to a number now well in excess of US$900/oz; the value of the Company’s Gold properties would continue to escalate rapidly.”

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Hunt Gold Corp. (HGLC.PK) Appoints IR Firm and Updates Shareholders

February 12, 2009

Hunt Gold Corporation today announced that it has appointed MDM Worldwide Solutions, Inc. as its Investor Relations firm, effective immediately.

The Contact Details are as follows:

MDM Worldwide Solutions, Inc.
989 Avenue of the Americas, 4th Floor
New York, NY 10018

Telephone: (646) 961-4458
E Mail: huntgold@mdmworldwide.com
Contact : Richard Hausig

Hunt Gold’s management believed it was necessary to immediately implement this Investor Relations interaction in order to make sure stockholders were given all timely information. By appointing an IR firm, management will no longer have to deal with the overwhelming amount of requests for information from stockholders.

The Company stated in the press release that it is dealing with all outstanding issues at this time, particularly the Stock Dividend payment which has been delayed by third parties and their professional advisors, a situation that has been beyond its control. Hunt Gold anticipates having these issues resolved in due time and intends to issue a detailed and accurate Statement in respect of all of these issues once it is in possession of all the verifiable facts from all of the third parties involved in these various transactions.

The management of Hunt Gold apologized to all shareholders for not meeting the promised dates. Going forward, they will no longer rely on any third parties and their unsubstantiated promises when announcing firm dates to stockholders.

The company assured stockholders that the Stock Dividends will be paid and that it is doing everything in its power to expedite the process while maintaining a sensible and prudent approach with the third parties responsible for the payment of these Stock Dividends.

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Hunt Gold Corp. (HGLC.PK) – Staying in the News Thus Far in 2009

February 10, 2009

While countless businesses have been suffering amidst some of the harshest economic conditions in living memory, one company that has not allowed itself to be adversely affected by recent global financial strain is the Hunt Gold Corporation. In fact, quite the opposite has occurred. The past six weeks have been brimming with positive developments for the company.

Early January signaled hope for the New Year, with desirable drilling results returning from several of the company’s prospects; most notably perhaps, the “Mockingbird” claim. Combining its own exploration of the property with the findings of previous stakeholder, Anaconda (shut down by parent company for unrelated reasons), Hunt now believes its “Mockingbird” project to be capable of producing up to one million ounces of gold. The information provided by January’s preliminary round of exploratory drilling is expected to greatly bolster the effectiveness of the next campaign, slated for this month.

January 16th brought the announcement that Hunt had finalized the details for the sale of its “Lookout Silver” mine. The transaction was completed just eight days ago, in the amount of $65 million; funds that will support Hunt’s other endeavors.

Among these endeavors, was the January 20th appointment of Pat O’Hara, Ph.D, as the company’s new senior geochemist. One of the leading authorities on Central Arizona’s geological makeup, he also holds a spot on the Arizona Department of Mines and Mineral Resources’ board of governors. Pat O’Hara is in the perfect position to assess the viability of Hunt’s numerous Arizona-based prospects. Hunt’s current officers expect his input to be instrumental in increasing the corporation’s overall effectiveness.

In addition to a new senior official, the sale of “Silver Lookout” mine, and increased exploratory efforts across the board, Hunt also entered into the sale of another of its assets; American Molygold Corp. The company expects the transaction to be settled later this month with the exchange of the molybednum interest for $620 million in common stock of USA-based, Independence Strategic Minerals, Inc.

February 3rd saw the initiation of efforts to establish a stock repurchase/cancellation program; the funds for which to be obtained with a loan secured against a portion of the $65 million in proceeds from the “Lookout Silver” sale. Hunt noted the belief that its stock is seriously undervalued, and intends to dispatch this problem by significantly reducing the amount of outstanding shares.

This, coupled with the other developments of the last month-and-a-half, seems to allude to a turning-point for this company. Shares are cheap at present, but it is clear that much is being done to solidify a path which leads in the right direction. What this means, is that now is an excellent time to give the Hunt Gold Corporation a closer look, for soon, company stock may be ‘as good as gold’.

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Hunt Gold Corp. (HGLC.PK): Where are Gold Prices Going in the Future?

February 6, 2009

Although many would have expected Silver and Gold to be hitting all time highs during the recent market turmoil over the financial system, both metals have actually been hit pretty hard. Silver has fallen the most, going from $19.55 an ounce in July of last year to just less than $8.50. What made this happen?

Although there are theories of manipulation and governmental interference, we will focus on what is ‘known’. First, hedge funds were forced to sell their positions in the market as their clients withdrew their funds. Many of these institutions were highly leveraged, causing an even greater amount of selling. The second most apparent reason precious metal prices fell was the astonishing strength of the U.S. Dollar.

First, remember that Gold is a finite resource. There is only so much of it in the world, and then it’s gone. This is a sharp contrast to the U.S. Dollar and other currencies that are able to be printed in both paper and digital form in virtually unlimited amounts.

Although we have been experiencing deflation in the recent months, inflation is expected to be rampant as the U.S. Government prints large amounts of money to deal with the current recession. The feds have shown absolutely no respect for the dollar and seem to have no problem diluting it to the highest extent to solve their other problems. All of these bailouts and the stimulus program put downward pressure on the dollar, and that pressure is substantial.

It is our belief that the recent deflationary period and liquidation of hedge funds have made the spot prices for Gold and Silver artificially low, making it an even more perfect trading/investment opportunity. Although it is possible to buy physical gold, one may want to consider investing in a gold company for greater returns. As gold prices rise, so will these companies’ profits.

One company that could outperform all the rest is Hunt Gold Corp. (HGLC.PK). This gold mining and exploration company has a large portfolio of properties that hold great potential. The company is well funded and has planned a continual drilling campaign for this year to expand its gold resource and to advance its gold properties toward production. For more information, visit www.hglc.qualitystocks.net

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Hunt Gold Corp. (HGLC.PK) Proposes a Stock Repurchase Program

February 3, 2009

Hunt Gold Corporation announced today that it intends to implement a stock repurchase and cancellation program. The stock buyback program would be funded through a loan secured against part of the proceeds of the sale of its “Lookout Silver” interests. The company promised to inform investors of the details of this program.

Hunt Gold believes the stock market has massively undervalued the company at this time and that a significant reduction in the amount of outstanding shares of its Common Stock will do much to rectify this huge discount.

In the press release, the company reaffirmed that proceeds from the sale of the “Lookout Silver” Mine package were in the amount of US$65 million. Hunt Gold anticipates receiving the proceeds in quoted Company Stock within three weeks now that the transaction has been completed.

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Hunt Gold Corp. (HGLC.PK) Updates Shareholders on Status of Upcoming Dividend

January 30, 2009

Today, Hunt Gold Corp. updated the investment community regarding the distribution of all of the shares in Independence Strategic Minerals, Inc. Common Stock received from the sale of its “Molybdenum” interests held through its subsidiary company, American Molygold Corp.

According to the press release, shareholders will be told the “Record Date” and “Pay Date” of this stock dividend on February 5, 2009. The distribution is anticipated to take place next month. Investors holding stock at the “Record Date” will be eligible for this Stock Dividend.

The sale amount of US$620 million will be settled in restricted shares of Common Stock of a USA quoted Company focused solely on the business of Molybdenum and on the Exploration and Mining of Rare Earths. This Company is currently being renamed to Independence Strategic Minerals, Inc.

The Company also assured investors that it has not increased its number of outstanding shares of Common Stock and all previously published valuations in respect of this Dividend have not changed.

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Hunt Gold Corp. (HGLC.PK) to Commence a Nonstop Drilling Campaign; Updates Investors on Exploration Progress

Today before the opening bell, Hunt Gold provided investors with a comprehensive update on its 2009 exploration program. The company plans to continue drilling operations throughout the year to expand its gold resource and advance its gold properties towards production. According the press release, announcement of assay results will be regular and periodic as an ongoing part of business.

The company emphasized that it is extremely well funded and has the capability to do whatever is necessary to move its projects ahead. This is in sharp contrast to other mining companies that often encounter funding difficulties. Hunt Gold intends to conduct exploration on all of its gold properties during 2009, primarily at but not limited to “Golden Eagle,” “Ambassador,” “Venezia,” “Starlight” and “American Flag,” as well the continued “fast track” exploration taking place at the Company’s “Mockingbird” Gold Project.

The company’s fast pace of exploration work at the Mockingbird Gold Project in Arizona is ongoing. Project Geologist Ed Huskinson and a geotechnician are completing the splitting and logging of the drill cores from the final two holes of the recent drill campaign. They are anticipated to finish their work by the end of the day and the samples will be shipped to the independent assay laboratory.

The Company is currently obtaining bids from at least two drilling companies for its next Mockingbird drill campaign, which is planned to begin by the end of February. One of the drill companies will be visiting the site next week. The present intent is to use a track-mounted or rubber tire (buggy) rig capable of reverse circulation (RC) drilling. RC drilling is much more economical on a per foot basis than core drilling and will permit the next drill campaign to dramatically increase the footage drilled. Using such a rig minimizes the need to construct drill roads, eliminating environmental disturbance and greatly reducing BLM bonding requirements.

Next week, Project Geologist Ed Huskinson will commence a comprehensive reconnaissance sampling program at Hunt Gold’s “Mockingbird” Gold property. Many additional mineralized areas were discovered during the recent drill campaign, and this program will inventory and sample the surface outcrops in a meticulous manner. During the following two weeks, soil geochemical samples will be taken on a 200 foot grid over priority areas, most notably the 56 recently staked claims in the former Anaconda project area. Geochemical results will be posted onto a map and contoured to pinpoint “bulls-eye” targets for the next phase of drilling.

Hunt Gold Corporation’s CEO, Mike Saner stated, “Hunt Gold Corporation’s exploration program at its ‘Mockingbird’ Gold Project is expanding as we continue to learn new things about this exciting gold property. Exploration will be done in a systematic way in order to maximize ‘Mockingbird’s’ potential for
Hunt Gold Corporation and its shareholders.”

He added, “The new policy of nonstop but systematic drilling was expected to significantly add to the Company’s Gold Resources and given the return of the Gold Price to a price in excess of US$900/oz; the Company’s valuation would continue to escalate rapidly.”

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Hunt Gold Corp. (HGLC.PK) New Chairman Brings a Lifetime of Experience and Expertise

January 28, 2009

Recently, Hunt Gold Corp. appointed Frederick J J Blaauw as its Non Executive Chairman. Earning his B.Sc in Mining Engineering from the University of the Witwatersrand in South Africa, he has served at the highest Managerial Level of many of the world’s foremost mining companies, and has written a number of mining publications.

Mr. Blaauw has been extensively involved in Consulting Projects, and was a Principal and Co-Founder of Resources International which provided more than $650 million in funding to mining projects. He brings a huge wealth of knowledge, connections, experience and skills to Hunt Gold. Commenting on Mr. Blaauw’s appointment, CEO Mike Saner stated that he is delighted to have such a strong and experienced mining team to take the company into its next phase.

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Hunt Gold Corp. (HGLC.PK) Announces Sale of “Lookout Silver” Mine

January 23, 2009

Today, Hunt Gold Corp. announced that it has met the terms required to sell its “Lookout Silver” Project by staking six additional mining claims at its “Lookout Silver” Project in Arizona. The land package now includes lode claims on three vein systems that have been historic producers of silver and other metals.

According to the press release, the company has added another 1,000+ feet on the Silver Belt vein, which nearly doubles the 1,200 feet the company already had on its “Lookout Silver Project” lode claim. Hunt Gold also added almost a mile to its lode claims along the Kit Carson vein system. Lastly, an additional 1,500 feet were staked along the Lady Alde vein.

Hunt Gold Corporation’s CEO Mike Saner stated, “With the acquisition of the six new mining claims, the Company’s ‘Lookout Silver’ Project has been expanded into a significant property package within the Big Bug Mining District, which has been a strong historic producer of silver as well as gold. The previous owner of the property, BHP subsidiary Magma, focused on mining the gold resource at the Gladstone McCabe Mine during the 1980s. This leaves the opportunity open for the buyer of the ‘Lookout Silver’ Project to explore for the unmined silver resource.”

Hunt Gold can now confirm that the transaction will be concluded on February 2, 2009 since all conditions precedent have now been met.

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Hunt Gold Corp. (HGLC.PK) Completes Sale of American Molygold Corp.

January 22, 2009

Hunt Gold Corporation announced today the completion of the sale of its “Molybdenum” interests held through its subsidiary company, American Molygold Corp. $620 million in shares of a USA quoted Company will be paid in exchange for the interests. This Company, which is focused exclusively on the business of Molybdenum and Rare Earths, is currently being renamed to Independence Strategic Minerals, Inc.

Hunt Gold reaffirmed that it will be distributing all of the shares received from the sale of American Molygold Corp. to its shareholders once it has received the shares. According to the press release, stockholders will be advised once the “Record Date” and “Pay Date” of this Stock Dividend has been declared. This is anticipated to take place next month.

Hunt Gold Corporation will now focus exclusively on the Exploration and Mining of its existing Gold properties. The company confirmed it does not need to place any shares for cash or retain any of the proceeds from the sale of American Molygold Corp. Hunt Gold intends to fund the exploration of its Gold Mining interests through traditional Bank Mortgage Finance and secured Loans.

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Hunt Gold Corp. (HGLC.PK) Announces Update on Sale of “Lookout Silver Mine”

January 21, 2009

Hunt Gold Corp. announced an update following January 16, 2009’s news that it is disposing of its “Lookout Silver” Mine. The Company was required to stake additional claims surrounding this mine as a condition of the sale, and today confirmed that the staking of the additional claims and the registration of the requisite documentation with the BLM is ongoing and will be completed this week.

By selling the “Lookout Silver” Mine, Hunt Gold will be able to concentrate exclusively on its Gold Mining interests and obtain further funds to finance the massive expedited exploration and drilling campaigns currently underway. The proceeds from the sale of this mine, in the amount of $65 million, are being retained by the Company.

The Company confirmed that this transaction will be concluded on February 2, 2009.

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Hunt Gold Corp. (HGLC.PK) Announces Acquisition of Entire Lode Claim Block

Today, Hunt Gold Corp. announced that it has completed the acquisition of an additional 56 lode mining claims (encompassing approximately 1,120 acres) at its “Mockingbird” Gold Project in Arizona. According to the press release, exploration work done by the previous owner, Anaconda, exposed anomalous gold throughout a two square mile area. Anaconda believes the property has the potential to hold 1,000,000+ ounces of gold.

Hunt Gold CEO Mike Saner commented, “We have added over an additional 2 ½ square miles of lode mining claims this month to our flagship gold exploration project. These additional mining claims greatly enhance the Company’s land position, and, most important, complete the addition of the former Anaconda claim block.”

Previous gold mining activities at Mockingbird have been concentrated at four mines located in the lower plate of the Mockingbird Detachment Fault. According to Anaconda’s geochemical and seismic work, it is likely that the gold mineralization continues under the Mockingbird Detachment Fault as buried gold deposits. The 56 new lode claims cover the upper plate of this fault in the likely areas for continuation of the gold mineralization. A geochemical grid will be laid out over this area soon to identify drill targets for the next drill campaign which is planned to commence next month.

The additional lode mining claims also cover possible drill targets that were discovered during Hunt Gold’s recent drilling at the property, most notably the Rico shafts located in the north central part of Section 26. Mineralization at Rico appears very similar to that found at the Mockingbird Mine to the north, which was the largest past producer of gold at the property.

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Hunt Gold Corp. (HGLC.PK) Appoints Patrick O’Hara as Its Senior Geochemist

January 20, 2009

Today a few minutes before the opening bell, Hunt Gold Corp. announced that it has appointed Mr. Patrick F. O’Hara as its Senior Geochemist effective immediately. O’Hara has a Ph. D in Geology from Arizona State University as well as an M.A. and B.A. in Geology from Queens College of the City University of New York.

Pat O’Hara has three decades of mineral exploration experience throughout the United States and Latin America, and has authored or co-authored over 70 scholarly geologic and geochemical articles and maps. O’Hara has served on the Board of Governors of the Arizona Department of Mines and Mineral Resources since 2005.

Pat O’Hara’s initial work for Hunt Gold will focus on the company’s gold deposits in Central Arizona, including the Ambassador, Gladstone Lookout, Starlight and Venezia gold and silver deposits. He will work with the Company’s Senior Geologist, Jack Light, on the Company’s “Gladstone Lookout” Gold property and will also be consulting Hunt Gold Corporation’s Senior Management, its Advisory Committee and its exploration partners in the exploration and development of the Company’s Gold Mining Properties.

Hunt Gold Corporation’s CEO, Mike Saner, stated, “We are very excited to have Pat O’Hara on board. He is one of the foremost authorities on the Precambrian ore deposits of Central Arizona. Hunt Gold Corporation is committed to the exploration of all of its properties, and in particular, the potential gold and silver resource of our Central Arizona properties, including “Ambassador” and “Gladstone Lookout,” which are no less promising than either our “Mockingbird” and “Golden Eagle” detachment fault gold properties.”

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Hunt Gold Corp. (HGLC.PK) Enters Agreement to Sell “Lookout Silver Mine”

January 16, 2009

Today, Hunt Gold announced that it is disposing of its “Lookout Silver” Mine. According to the press release, the company is in the process of staking additional claims surrounding the mine and is selling the entire package.

The decision to sell the assets was made to allow Hunt Gold to maintain an exclusive focus on its Gold Mining interests and obtain additional funds to finance the massive expedited exploration and drilling campaigns currently underway.

The $65 million in proceeds from the sale of the “Lookout Silver” Mine package are being retained by the Company. Hunt Gold anticipates the conclusion of this transaction on February 2, 2009.

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Hunt Gold Corp. (HGLC.PK) Announces Acquisition of Additional Mines and Stakes 26 Lode Mining Claims

January 15, 2009

In addition to announcing the completion of its January drilling campaign, Hunt Gold also announced this morning that it has acquired an additional 26 lode mining claims at its “Mockingbird” Gold property in Arizona. Collectively, the lode mining claims cover 520 acres, which is close to a square mile of land.

Hunt Gold Corporation’s CEO Mike Saner stated, “We are very excited by the great start to our ‘Mockingbird’ Gold Project and the huge opportunity that this project represents for the company and its shareholders. We are investing in the company’s leading Mining property in its portfolio and fortifying its already impressive land position.”

The following new claims encircle existing Hunt Gold Corporation lode claims:

Mockingbird Gold Mine:
The company acquired five new lode mining claims surrounding the “Mockingbird” Gold Mine. An additional eight lode mining claims were located south of the Company’s “Mockingbird” Gold Mine and covering several veins that run parallel to the “Mockingbird” vein.

Dandy Gold Mine:
Five new lode mining claims were acquired surrounding the Dandy Gold Mine.

Great West Gold Mine:
Three new claims were acquired at the Great West Mine.

Pocahontas Mine:
One new claim was also added at this mine.

Hunt Gold Corporation also acquired the Williamson Mine and the Blue Copper Mine. The Blue Copper Mine is located northeast of the Company’s “Mockingbird” Gold Mine, while the Williamson Mine is located southeast of the mine along the road to the Great West, Dandy and Pocahontas Mines. Both the Williamson Mine and the Blue Copper Mine were former copper producers. Copper in its oxide forms is a pathfinder element at the Company’s “Mockingbird” Gold property, as it is frequently associated with gold. The company plans to explore these two additional mines for their gold potential.

According to the press release, the additional lode mining claims were acquired from the original vendor of the Mockingbird property at no cost to Hunt Gold Corporation; except for the BLM filing fees. The Company is currently focused on completing the staking of an additional 48 Lode Mining Claims surrounding the Company’s “Mockingbird” Gold Project.

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Hunt Gold Corp. (HGLC.PK) Announces Completion of January Drilling Campaign

Today before the opening bell, Hunt Gold announced that it has successfully completed its current round of drilling at its “Mockingbird” Gold property in Arizona. The 8th and final hole drilled in the southern part of the company’s “Mockingbird” property intercepted foliated Precambrian quartzofeldspathic gneiss for its entire length. There were local zones of quartz flooding and a substantial hematitic overprint.

At 108 ft. the hole encountered historic mine workings, which were found to be backfilled with material that the previous miners considered too low-grade to process. The drillers recovered some of this material and will have it assayed to serve as a guide to the historic cutoff grade. The company believes this to be necessary as gold mineralization that was too low-grade to mine at a profit during the 1900s may have been left unmined elsewhere in the workings. With today’s modern mining methods and higher gold prices, the material may be known as viable “ore” today.

The core from the two holes drilled at the Dandy Mine will be split and sent to Jacobs Assay. While waiting for the results, the Hunt Gold’s Exploration team will do reconnaissance and rock chip sampling of potential drill sites that were identified during the current drilling campaign. Additionally, a geochemical sampling grid will be laid out and soil geochemical sampling will be carried out. The company aims to select additional drill sites at the “Mockingbird” Gold Mine for a second round of drilling beginning in February.

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