Hunt Mining Corp.

Hunt Mining Corp.

October 18, 2010 21:36 ET

Hunt Mining Announces Bridge Loan

LIBERTY LAKE, WASHINGTON--(Marketwire - Oct. 18, 2010) -


Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), announces that on October 15, 2010 it entered into a loan ("the Bridge Loan") agreement with Huntwood Custom Cabinets, Ltd. ("Huntwood"), an entity controlled by the Corporation's Executive Chairman, Tim Hunt. Pursuant to this agreement the Corporation borrowed $250,000. The Bridge Loan, which is unsecured, bears interest at a rate of 12% per annum and is due on December 31, 2010.

The Bridge Loan is in addition to loan agreements entered into on August 12, 2010 and October 7, 2010 between Huntwood and the Corporation pursuant to which the Corporation borrowed $450,000. This loan, which is unsecured, bears interest at a rate of 12% per annum and is due on December 31, 2010.

The purpose of these short term borrowings was to ensure the Corporation had sufficient working capital to maintain all of its properties in good standing and pay costs associated with the financing announced on October 12, 2010. Management of the Company expects to repay these bridge loans from the proceeds of the prospectus offering announced on October 12, 2010.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about the Corporation and its management, as well as financial statements.

About Hunt Mining Corp.

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006. Since that time, the Corporation's wholly owned subsidiary, Cerro Cazador S.A. ("CCSA"), has completed a large amount of exploration activity including more than 37,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 10,000 surface channel, chip, and trench samples. Historical results and additional information can be viewed at

FORWARD-LOOKING STATEMENTS This announcement contains certain forward-looking statements, relating to, but not limited to Hunt Mining's expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future outcomes, or statements about future events or performance including in respect of the repayment of the Bridge Loan, the intended use of proceeds of the financing announced on October 12, 2010, the timing of filing of the (final) short form prospectus in respect of such financing. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects, and timing of commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs 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 and other factors. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Readers asked to carefully consider the additional risk factors listed in the "Risk Factors" section of Hunt Mining's preliminary short form prospectus dated October 8, 2010 and Annual Information Form dated April 28, 2010, both of which may be viewed at Hunt Mining does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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