HGLC Hunt Gold Corporation (CE)

Hunt Gold Corporation (PINKSHEETS: HGLC) provides a very brief overview of its Gold Mining Properties and the initial exploration plans to assist stockholders in analyzing the Company:

Stockholders will be in a position to download very comprehensive reports on each of these Gold Mining Properties from the Corporate web site as they are completed by Professor Colliston and the Company's Geologists. This is a very brief overview in order to assist stockholders prior to those reports being made available.

Stockholders will note that a number of the Company's Gold properties are historic producers, do not require infrastructure to be built to bring these mines back to production and that actual Mining will be relatively inexpensive on these particular Gold Properties.

1. Mockingbird:

The Mockingbird Project consists of approximately 2,500 acres of mineral rights located in the heart of the historic Mockingbird Mining District, which is about 50 miles southeast of Las Vegas. The project area is about 5 miles west of the major Las Vegas / Phoenix highway and within 10 miles of the Colorado River. There is a high voltage power line immediately north of the property.

Geology:

The "Mockingbird" gold deposit is a detachment fault deposit. Mineralization is primarily located in the lower plate, which is comprised of Precambrian rocks over 1 billion years of age. The mineralizing event was regional crustal extension along the Mockingbird fault, which occurred about 15 million years ago. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980s. The best example of an Arizona detachment gold deposit is Copperstone, which, like Mockingbird is in the highly extended Western Arizona terrain near the Colorado River. Copperstone was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz. gold Copperstone open pit resource during the 1980s, and another mining company is presently assessing the feasibility of mining the comparable sized underground gold resource at Copperstone.

Unlike Copperstone, Mockingbird is a historic gold producer. 15,000 ounces were produced by the Mockingbird District from high grade ore. A majority of this production was from the Mockingbird Mine, which is the centerpiece of Hunt Gold Corporation's land position. Other mines producing gold were the Great West, Hall (Dandy) and Pocahontas Mines, all of which are included in Hunt Gold Corporation's claim block.

Exploration Activities to Date:

Starting in the 1980s there has been a great deal of exploration work at Mockingbird, starting with Gulf Mineral Resources, and later by Anaconda, which estimated the deposit at 10,000,000 tons of .05 to .1 oz / T gold. This means the deposit is in the range of 500,000 to 1,000,000 ounces of gold, approximately the same size as Copperstone.

Exploration Program:

Hunt Gold Corporation has obtained much of Anaconda's work product, and is commencing a drill campaign to test the high angle vein structures at the Great West, Dandy and Pocahontas Mines. The Company will also be conducting soil geochemical and geophysical surveys (including ground magnetic) in the area of the former Anaconda claims preparatory to a second drill campaign in 2009.

2. Golden Eagle:

The Golden Eagle property is located in Imperial County, California a few miles west of Yuma, Arizona. It is geographically located between and on trend with the Mesquite gold mine and the Picacho gold mine. Mesquite was mined by Newmont for over 15 years and produced 154MM tons of ore at an average grade of .026 OPT, for a total of 4MM ounces gold. Newmont proved an additional 42.9MM tons at .021 OPT, which the present owner plans to develop. Picacho was the flagship gold mine of Glamis Gold, producing 388,000 ounces of gold from 1981 until the mine's closure in 2000.

Geological Setting:

The regional geological setting is dominated by a major low angle fault system that occurs throughout the southeastern Chocolate Mountains, and which is commonly known as the Sortan fault. At the Golden Eagle property, this structure connects with a similar structure to the north. Most of the gold occurs in a breccia unit related to the Sortan fault that strikes northwest, dips northeast and juxtaposes Jurassic Winterhaven Formation against lower plate gneisses which have been extensively intruded by biotite alaskite phases of the Marcus Wash per aluminous granitic complex.

Past Production:

Previous production of gold and silver came from two shafts on the property.

Exploration Program:

Geochemical work by MagnaChem Exploration demonstrated the similarity of the mineralization at Golden Eagle to the arsenic-rich per aluminous gold systems at both Mesquite and Picacho. Hunt Gold plans geochemical and geophysical work (including ground magnetic) in order to confirm prior exploration results and identify drill sites.

3. Ambassador:

The Ambassador Gold Project is located near Prescott, Arizona in the Black Hills Mining District, which is south of the Verde Mining District and west of the Cherry Creek Mining District. Each of these districts has seen significant past production of gold, silver and copper. Well-known area mines include the United Verde, United Verde Extension, Yaeger, Monarch and Logan Mines.

Geology:

The regional geological setting is predominantly Precambrian, with an embayment of quartz diorite bounded by schist to the north and east and by the Shylock Fault Zone to the west. The principal types of gold deposits are (1) Precambrian gold-quartz veins in igneous rocks (the type of deposit at the Ambassador), (2) Mesozoic or Tertiary gold and gold-silver veins in metamorphic rocks and (3) scattered Precambrian gold-quartz-tourmaline volcanogenic massive sulfide ("VMS") deposits. In the Ambassador Gold Project area, the dominant rock type is quartz diorite. In the western part of the claim block (West Hills), dikes of granodiorite porphyry cut across the quartz diorite. At the Ambassador mine and in the East Hills Area east of the mine, there are gold-quartz hypothermal veins, which were deposited under conditions of high temperature and pressure, probably genetically related to the later stages of emplacement of the Precambrian age quartz diorite mass.

Past Production:

Several thousand ounces of gold were produced at the Ambassador Mine from approximately 20,000 tons of ore by two operators from 1900 to 1940.

Exploration Program:

Past exploration by UNC focused on sampling of the underground workings of the Ambassador Mine, and also delineated mineralized areas for further exploration in the East Hills and the West Hills. The sampling showed excellent gold grades at the mine exposures and the potential for developing an economic ore deposit of over 1,000,000 ounces of gold and gold equivalent silver and copper credits through a staged exploration program. An initial geochemical and geophysical program is planned to confirm past work by UNC and plan future drilling on the property.

4. Gladstone Lookout:

Near Prescott, Arizona, the Gladstone Lookout is adjacent to the Gladstone McCabe Mine, which produced, from 1880 to 1926, at least 62,800 ounces of gold and 779,000 ounces of silver. The Gladstone McCabe was reopened during the 1980s by Stan West and later sold to a subsidiary of BHP. Reportedly, Stan West used a suboptimal recovery method, leaving gold values in the tailings (initial estimate of over 100,000 tons at .036 oz. gold per ton) that could be recovered with more effective methods. The 460 acre claim block also includes a 50% interest in the mineral rights of the patented Lady Alde gold mine, as well as the Lookout Silver Mine. The Lookout is on the same vein as the Arizona silver mine, which produced over $4,500,000 of silver, with grades up to 20 ounces per ton.

Geology:

These claims are located in a 3,000 foot long mineralized zone lying within the Precambrian Spud Mountain volcanic.

Past Production:

The Lookout Mine is a past producer of gold, silver, copper and lead. The most recent period of operation was in the late 1970s and early 1980s, when shipments of concentrates milled at the mine were made to the Asarco smelter in El Paso.

Exploration program and potential:

Hunt Gold Corporation plans preliminary geochemical and geophysical work centered on the Lookout Mine. The target would be another Gladstone McCabe type deposit, which was mined to a depth in excess of 1,100 feet and produced ore of average grade of 1.6 oz / T gold, 10.2 oz / T silver, 2% copper, 2.1% lead and 4.7% zinc.

5. Starlight, American Flag, Venezia and Stormcloud Mines (Hassayampa Gold Project):

These properties are located in the Hassayampa Mining District, approximately 15 miles south of Prescott, Arizona. Spread over 800 acres are the Starlight, American Flag and Venezia gold mines, as well as the mineral rights to the Stormcloud group of 13 patented mining claims. The Venezia Mine is located right off Senator Highway, with the Starlight and American Flag properties located up Starlight Canyon from Venezia. Stormcloud is immediately east of the Senator Mine.

Geology:

These are Precambrian deposits located in Yavapai schist, rhyolite and granodiorite. There are veins on the rhyolite / schist contact, which range in width from 2 feet to 10 feet. Vein filling is quartz and ore occurs in the form of chalcopyrite carrying both gold and silver. Past production was reported together with the neighboring Senator Mine, formerly owned and operated by Phelps Dodge, and exceeds $10,000,000 in current dollars.

Past Production:

Each of the Hassayampa Properties is a past producer.

The Starlight and American Flag produced gold, silver, lead and zinc from high grade ore from the 1920s until the 1940s.

Venezia produced gold and silver from high grade ore starting in the 1890s. Production also continued until the 1940s.

The Stormcloud was first operated as a gold mine in the 1880s; substantial production of 1 oz. / T (high grade) gold ore resulted. It was also operated from 1900 to 1907, from 1924 to 1929 and from 1935 to 1939. During the latter two periods of operation the tonnage mined was 14,200 tons with the average value of $13 per ton (over $400 per ton at 2008 gold prices).

Exploration Program:

Initial exploration will focus on the Venezia and Starlight groups of claims in order to assess whether there is potential for a large bulk mineable deposit of gold and silver, as is believed to be the case at Ambassador, which is in a similar geological setting.

6. Buffalo, Lime Cap, Red Cloud and Federal Mines (Cherry Gold Project):

The Cherry Gold project is located in the Cherry Creek Mining District, about 10 miles southeast of Jerome, which has been Arizona's premier producer of gold, silver, copper and zinc from Precambrian ore deposits. The Cherry Gold claim block is strategically located between the American Molygold gold and molybdenum property to the east, and the Ambassador gold mine to the west. Included in the 650 acre land package are the Buffalo, Limecap and Red Cloud gold mines, as well as a 51% interest in the mineral rights of the Federal Mine, which is comprised of 14 patented mining claims.

Geology:

These are Precambrian gold and silver deposits located in granite of the Cherry Batholith. The veins occur in the granite, within shear zones which strike north -- northeastward and dip to the south. The vein filling consists of irregular, lenticular bodies of massive, shiny white quartz with small amounts of greenish-black tourmaline. Part of the gold occurs as fine particles in the quartz, particularly with limonite, and part is contained in the sulfides.

Past Production:

The Federal Mine is a previous producer of gold from its high grade veins.

Previous Exploration:

The most recent mineral exploration in the Cherry District was by Alanco and American Moly Gold, and they discovered evidence of a porphyry copper molybdenum deposit to the east of the property, which may be associated with the gold mineralization throughout the rest of the Cherry District. The Federal Mine constitutes a large patented claim block with mineralization that is similar to the District's two main past producing mines, i.e. the Monarch and Logan Mines. Hunt Gold Corporation has acquired three other mines (Buffalo, Limecap and Red Cloud) in the immediate vicinity which, when combined with the Federal Mine, could result in a profitable high grade underground gold and silver mining enterprise, as well as provide lower grade bulk mineable potential.

Exploration Program:

Initial exploration will focus on the Red Cloud, Buffalo and Lime Cap claims in order to assess whether there is potential for a large bulk mineable deposit of gold and silver, as is believed to be the case at the nearby Ambassador gold property, which is in a similar geological setting.

ABOUT HUNT GOLD CORPORATION

Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

For further information contact: Hunt Gold Corporation E Mail: Email Contact Telephone: (954) 840-6956 Contact: Mr. Michael G Saner