HMX Hunt Mining Corp

Hunt Mining Corp.  (the "Corporation") (TSX VENTURE:HMX) is pleased to provide
an update on its exploration and operational activities. 


Operational Update:

The Corporation is continuing to manage its funds under a policy of cash
conservation, limiting expenditures to only essential strategic items. The
Corporation is dedicating the majority of its Argentine exploration team and
assets to projects covered by its exploration agreement with Eldorado Gold
Corporation. 


Highlights from 2012 include: 



--  Renegotiated the agreement covering the Corporation's La Josefina
    project  
    --  On November 15, 2012 the Corporation signed an amendment to its La
        Josefina exploration agreement extending the exploration term by 7
        years, ending June 30, 2019.  
    --  The amendment allows for the Corporation to purchase 100% of the
        back in, if exercised by Fomicruz.  

--  Acquired the right to explore the La Valenciana project 
    --  On November 15, 2012 the Corporation entered into an agreement for
        the La Valenciana project, the exploration term is 7 years, ending
        October 31, 2019.  
    --  The agreement gives the Corporation the option to purchase 100% of
        the back in, if exercised by Fomicruz. 
    --  The project is contiguous with both Coeur d'Alene Mines
        Corporation's Joaquin Silver Project and the Corporation's La
        Josefina project. 

--  Formed a strategic exploration alliance with Eldorado Gold Corporation  
    --  Gives the Corporation the ability to explore its entire Santa Cruz
        land package with a leading mid-tier gold producer. 

--  Maintained a disciplined capital allocation strategy, ending the year
    with a strong balance sheet of $5.2 million cash on hand. 



Field work in 2012 and early in 2013 focused on preliminary exploration of
property blocks, most of which fall under the Corporation's exploration alliance
with Eldorado Gold Corporation, in effect since May of 2012. This work generated
multiple targets that the company plans to follow-up on during subsequent
exploration campaigns. This year's activities included, but were not limited to:




--  Survey and mapping of infrastructure including: 
    --  Roads, tracks and trails 
    --  Fences, gates and ranches 
    --  Surface ownership property boundaries 
--  Construction, installation and improvement(s) to satellite camps for
    logistical support of field crews operating in remote areas 
--  Acquisition of detailed remote sensing imagery to cover prospective
    ground in western Santa Cruz including all of the Corporation's
    exploration packages 
--  Acquisition of high resolution satellite imagery to cover proposed
    future drill targets on Bajo Pobre and El Gateado property blocks 
--  Analysis, interpretation and field verification of project imagery to
    aid in prioritization of prospective areas, detailed geological mapping,
    identification of structural settings, and creation of base maps for
    data compilation 
--  Preliminary reconnaissance sampling covering 1500 square kilometers on
    nine separate property blocks. Work included, but was not limited to: 
    --  First-pass field evaluation of prioritized targets 
    --  Collection of approximately 900 sediment, soil and rock samples 
    --  Regional to detailed geological mapping of exposed lithology,
        stratigraphy, structure and alteration 
    --  Preparation and shipping of collected samples for analysis 
    --  Collection and delivery of material and supplies to support
        exploration crews 
--  Field reconnaissance, with a focus on due-diligence, for possible
    acquisition of new opportunities, located both inside and outside the
    current area covered under the Corporation's exploration agreement with
    Eldorado Gold Corporation. Work included: 
    --  Determination of relative location, orientation and similarities to
        known mineralization or mineralized trends (mapping) 
    --  Identification and verification of exposed alteration and/or
        mineralization (mapping and sampling) 
    --  Determination of prospect potential 



2013 Exploration Plan: 



--  The Corporation plans to continue its 2013 regional exploration program
    in accordance with its exploration agreement with Eldorado Gold
    Corporation, the current program includes regional soil sampling,
    geologic mapping, detailed target generation and a first pass drill
    program. 



About Hunt Mining 

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since
2006. During that time, the Company has completed a large amount of exploration
activity including approximately 57,000 meters of HQ core drilling, 416 line
kilometers of Induced Polarization geophysical surveys and more than 15,000
surface channel, chip, and trench samples. The Company has an exploration
agreement with Eldorado Gold for exploration and development in the Santa Cruz
Province of Argentina. Historical results and additional information can be
viewed at www.huntmining.com.


FORWARD-LOOKING INFORMATION

This announcement contains forward-looking information and forward-looking
statements (collectively, "forward-looking information") within the meaning of
applicable securities laws, relating, but not limited to the Corporation's
expectations, intentions, plans and beliefs. Forward-looking information can
often be identified by the use of words such as 'anticipate', 'believe',
'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar
words suggesting future outcomes or other expectations including the
Corporation's planned exploration budget for its Argentina projects and the
intended drill program in Santa Cruz. Such forward looking-information is based
on assumptions and current expectations that involve a number of known and
unknown risks and uncertainties that may cause actual results to differ
materially from those expressed or implied by the forward-looking information.
Factors that could cause actual results to differ materially from any
forward-looking information include, but are not limited to, failure to
establish estimated resources, the grade and recovery of ore which is mined
varying from estimates, capital and operating costs varying significantly from
estimates, budgets varying significantly from estimates, delays in obtaining or
failures to obtain required governmental, environmental or other project
approvals, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, uncertainties relating to the
interpretation of the geology, continuity, grade and size estimates of mineral
resources and unanticipated operational or technical difficulties and other
risks and uncertainties set out in the Corporation's annual and quarterly
management discussion and analysis which are available at www.sedar.com. 


Such forward-looking information is based on a number of assumptions, including
but not limited to, the availability of financing, no significant decline in
existing general business and economic conditions, the level and volatility of
the price of gold, the accuracy of the Corporation's resource estimates and of
the geological, metallurgical, price and other assumptions on which the
estimates are based. Should one or more risks and uncertainties materialize or
should any assumptions prove incorrect, then actual results could vary
materially from those expressed or implied in the forward-looking information
and accordingly, readers are cautioned not to place undue reliance on this
forward-looking information. Readers are further cautioned that the foregoing
lists of risks, uncertainties, assumptions and other factors are not exhaustive.
The Corporation does not assume the obligation to revise or update this
forward-looking information after the date of this announcement or to revise
such information to reflect the occurrence of future unanticipated events,
except as may be required under applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hunt Mining Corp.
Dean Stuart
Investor Relations
(403) 517 2270
dstuart@huntmining.com


Hunt Mining Corp.
Matthew J. Hughes
President and CEO
(509) 290-5659
mhughes@huntmining.com


Hunt Mining Corp.
Matt Fowler
Chief Financial Officer
(206) 601-1219
mfowler@huntmining.com
www.huntmining.com

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