HGLC Hunt Gold Corporation (CE)

Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed on January 22, 2008 that it has completed the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.

Stockholders will be advised on Thursday, February 5, 2009 as to the "Record Date" and "Pay Date" of this Stock Dividend. This distribution will take place in February of 2009. Stockholders holding stock at the "Record Date" will be eligible for this Stock Dividend.

The sale amount is US$620 million to be settled in restricted shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum and on the Exploration and Mining of Rare Earths. This Company is being renamed at this time to that of Independence Strategic Minerals, Inc.

The Company confirms that it will be distributing all of the shares in Independence Strategic Minerals, Inc. Common Stock received from the sale of American Molygold Corp. to its stockholders; upon receipt of these shares of Independence Strategic Minerals, Inc. Common Stock.

The Company can confirm that it has not increased its number of outstanding shares of Common Stock whatsoever and all previously published valuations in respect of this Dividend remain unchanged.

Full details will be provided to stockholders in respect of Independence Strategic Minerals, Inc. on that date.

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," "Williamson," "Blue Copper Mine," "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 completed in February of 2009. The Company has entered into an Agreement to dispose of its of its "Lookout Silver" Mining Interests on February 2, 2009.

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 company's 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