Global Hunter Corp.
TSX VENTURE : BOB

Global Hunter Corp.

January 29, 2008 12:26 ET

Global Hunter Announces Drill Results Including 18 Metres of 2.96 Percent Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Global Hunter Corp.(TSX VENTURE:BOB) ("Global Hunter" or the "Company") is pleased to announce final results from its recent drill program totaling nearly 9,600 metres on Las Posadas shear zone at La Corona de Cobre project, Chile. The purpose of the program was to in-fill drill and further delineate the known copper oxide deposit; determine the boundaries of the oxide deposit in three dimensions; explore for possible extensions; provide sufficient core material for final copper oxide metallurgical testing; and assess the peripheral and deeper copper sulfide potential of the deposit below the current National Instrument ("NI") 43-101 qualified copper oxide resource and the oxide resource pit outline.

Highlights of the assay results include the following (complete results can be found in Appendix A attached hereto):

- Hole LP- 82 encountered 10 metres of 2.14 percent copper;

- Hole LP- 85 encountered 52 metres of 1.75 percent copper,

- including 18 metres of 2.96 percent copper;

- Hole LP- 86 encountered 64 metres of 0.71 percent copper;

- Including 6 metres of 2.23 percent copper.

"We are very pleased with the positive results from our drill program on Las Posadas, and now have the entire existing resource drilled on 50 metre centres," stated Mr. Rod Husband President & CEO of Global Hunter. "We plan to drill some of the additional oxide targets in the coming months to increase the total amount of copper oxide mineralization on the project and continue to aggressively pursue engineering studies on Las Posadas."

The Company's technical team is currently compiling new maps and cross-sections of Las Posadas deposit and these will be posted on the Global Hunter website, www.globalhunter.ca, as they become available. The Company also expects additional assay results to become available shortly and release the data upon receiving it.

A summary of the sampling handling, QA/QC program, sample preparation and analytical methods are described in the Company's previous news release pertaining to drill results.

ABOUT GLOBAL HUNTER CORP.

Global Hunter is currently exploring and advancing development of the La Corona de Cobre project located 70 kilometres north of La Serena, Chile along the Pan American Highway within the coastal belt of the Andean Cordillera. The 2007/08 program was designed to further define the resource and economics of Las Posadas and will continue. In addition to La Corona de Cobre, the Company is also working to complete further delineation drilling and an initial resource estimate at its Rabbit South Property molybdenum project in south-central British Columbia, Canada.

Michael S. Fulp, C.P.G., Chief Geologist for Global Hunter, is the Qualified Person as defined by National Instrument 43-101 who supervised the exploration program and has prepared, reviewed and approved the technical information in this news release.

On Behalf of the Board of Directors

GLOBAL HUNTER CORP.

Rod Husband, P.Geo, President

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



APPENDIX A: 2007 Diamond Drill Results from Las Posadas Program

All holes were drilled at -45 and 115 degrees; sulfide and oxide intervals
are tabulated below:

Drill Drill Total Total Soluble
Hole North East From(m) To(m) Width Depth % Cu % Cu
49400 50110
LP-81 16 88 72 246.4 0.30 0.15
LP-81 Includes 28 34 6 0.63 0.45
49451 49990
LP-82 161 195 34 312.5 0.73 0.53
LP-82 Includes 177 187 10 2.14 1.65
LP-82 225 233 8 0.36 0.05
49300 50019
LP-83 112 118 6 312.1 0.11 0.04
LP-83 140 174 34 0.34 0.19
LP-83 Includes 168 174 6 0.65 0.20
LP-83 206 214 8 0.17 0.01
LP-83 226 248 22 0.18 0.01
50150 50066
LP-84 77 103 26 237.6 0.28 0.17
LP-84 Includes 97 103 6 0.68 0.52
LP-84 119 133 14 0.12 0.03
LP-84 199 217 18 0.18 0.11
49550 50095
LP-85 15 27 12 247 0.28 0.17
LP-85 37 89 52 1.75 1.42
LP-85 Includes 39 51 12 2.32 1.89
LP-85 Includes 65 83 18 2.96 2.46
LP-85 105 127 22 0.56 0.23
LP-85 Includes 109 121 12 0.87 0.38
LP-85 145 213 68 0.18 0.09
49350 50025
LP-86 86 104 18 298.4 0.47 0.18
LP-86 Includes 96 102 6 0.74 0.35
LP-86 120 184 64 0.71 0.23
LP-86 Includes 130 140 10 1.26 0.82
LP-86 Includes 152 164 12 1.12 0.18
LP-86 Includes 174 180 6 2.23 0.32
LP-86 254 266 12 0.22 0.01
LP-86 284 290 6 0.14 0.01
49299 50125
LP-87 24 44 20 212.6 0.22 0.07
LP-87 98 120 22 0.19 0.09

-0.1% Total Cu cut-off and 0.08% Soluble Cu cutoff grades are used in
average grade calculations solely for comparative purposes and not as
potentially economic cut-off grades.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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