HGLC Hunt Gold Corporation (CE)

Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has commenced with the immediate staking of additional 71 different but adjoining Claim Blocks surrounding its "Mockingbird" Gold Mine in Arizona and explains its rationale for this additional capital expenditure.

Full details of these additional claims staked by the Company will be announced once all paperwork has been filed with the BLM.

These claims are well known to the Company and are considered to be strategically important.

The company considered past exploration and mining history prior to acquiring its properties and was strongly encouraged by its findings.

There is no doubt that there is gold on Hunt Gold Corporation's properties. Four of the mines at the Company's "Mockingbird" Gold property are listed in Arizona Lode Gold Mines and Gold Mining, published by the Arizona Geological Survey.

The company is drilling to define the gold resource and determine how it may best be mined and at what gold price it can be mined at a profit. This will take several drill campaigns. Some of the drill holes will have gold. Some will not.

We will learn if the current drilling has found gold once the drill core has been assayed by the independent assay lab, and this process can take several weeks to a month since it is done by fire assay, still the most accurate method for gold.

The Company's "Mockingbird" Gold Mine is a good example. Anaconda found anomalous gold throughout its 2 square mile claim block. Anaconda viewed the property as having 1,000,000+ ounce gold potential. The project was not terminated based on its merit. Rather, Anaconda's corporate parent, oil giant ARCO, shut down Anaconda because of environmental liabilities at its Butte, Montana copper mine.

The Company's "Ambassador" Gold Mine is a similar situation, UNC was encouraged by its preliminary work on the project and viewed the gold deposit as having 1,000,000 ounce potential. Its corporate parent (GE) decided to refocus the company on uranium, and the gold projects were jettisoned.

Whether Hunt Gold mines a particular property itself, uses a contract mining company or yet another approach will depend on what makes the most financial sense for the company and its stockholders. The company is not wedded to any particular approach until far more extensive exploration and drilling has been conducted over the coming months.

The Company is committed to a "non stop" and greatly expanded drilling and exploration campaign on its targeted Mines in its portfolio.

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 in January of 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