SOURCE: Hunt Gold Corporation

February 20, 2009 09:29 ET

Hunt Gold Corporation -- Valuation of Company's Mining Properties

Soaring Gold and Silver Prices to Substantially Increase the Valuation of the Company's Mining Properties

NEW YORK, NY--(Marketwire - February 20, 2009) - Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that the soaring Gold price, now close to US$1,000/oz will have a profound impact on the value of the Company's Gold Mining properties.

The Company's retained interest in Silver Mining through its stockholding in a Silver Company; obtained through the sale of its "Lookout Silver Interests" are also profoundly impacted by the new highs in the price of Silver.

Hunt Gold Corporation's valuation will continue to rise as Investors flee to "Safe Haven" investments; these primarily being both in Gold and Silver.

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. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.

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.

Contact Information

  • For further information contact:

    MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
    E Mail : Email Contact
    Telephone : (646) 961-4458
    Contact : Richard Hausig

    Hunt Gold Corporation (Corporate Enquiries)
    E Mail: Email Contact
    Telephone: (954) 840-6956
    Contact: Mr. Michael G Saner