SOURCE: Hunt Gold Corporation

September 18, 2008 11:58 ET

Hunt Gold Corporation -- Investor Relations

Company to Appoint Investor Relations Company and to Capitalize on the Surge in Gold Prices

NEW YORK, NY--(Marketwire - September 18, 2008) - Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that its Management has realized that its stock price is failing to capitalize on the surge in Gold prices through the Company's perceived lack of transparency in the market place. We appreciate "the call" from our stockholders to remedy this situation and we will respond to that call, and fast.

To the many stockholders who have asked this question, will this Company do a Reverse Split of its Common Stock? The answer to that question is absolutely not; it would be extremely detrimental to stockholder interests in our opinion.

Management will be announcing drastic steps on Monday, September 22, 2008 which will include the appointment of an Investor Relations firm and will completely alter its stance on Investor Relations in order to become very transparent and to get stockholders the information that they require, in order to properly analyze this Company and to assess its true value.

Management recognizes that your Company's shares of Common Stock are trading at a huge discount to their actual value and is acutely aware that these immediate steps are required to correct this. The surge in Gold prices, coupled with our exploration efforts at our Mockingbird Gold Mining project, demand that your Company's Management remedy this perception of your Company in the market.

Your Company's Management wishes to thank Alan Santini, the CEO of Fortress Financial Group, Inc., for his support and for his Company's substantial purchases of your Company's shares of Common Stock. We have given Alan Santini a number of undertakings in respect of your Company's Managements' lack of transparency and will now follow his lead in our stockholder communications. Furthermore, we appreciate his undertaking that Fortress Financial Group, Inc. will not sell a single share of your Company's Common Stock in the market and thereby avoid a perceived overhang of our stock in the market.

Fortress Financial Group's accumulation of our stock has substantially reduced our "free float" of shares. For the record, Alan Santini resigned as an Officer of this Company some months ago and is not involved whatsoever but is now the representative of a major investor in your Company's shares of Common Stock.

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.

Contact Information

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