Hunt Mining Corp.
TSX VENTURE : HMX

Hunt Mining Corp.

April 11, 2011 11:47 ET

Hunt Mining Corp Retains G Mining Services Inc. to Help Move the La Josefina Project in Santa Cruz Argentina Towards Feasibility

LIBERTY LAKE, WASHINGTON--(Marketwire - April 11, 2011) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) announces that it has entered into an agreement with G Mining Services Inc. ("G Mining") to provide a series of services, studies, and assessments designed to guide the Corporation to a production decision for the La Josefina Project ("the Project") located in the Santa Cruz province, Argentina. G Mining, based in Brossard, Quebec, Canada, provides the mining industry with a wide range of services covering geology and resources, mine engineering, mine audits, economic studies and project management. G Mining is led by its founder and President, Dr. Louis Gignac, P.Eng, who currently sits as director and/or chairman for several publically traded companies. Dr. Gignac formerly served, for more than 20 years, as President and CEO of Cambior Inc.

G Mining will assume overall coordination and responsibility of all technical and engineering work to prepare an updated Technical Report in accordance with National Instrument 43-101 and Form 43-101F1. This includes the following tasks:

  1. Conduct an initial site visit, meet exploration personnel, observe physical conditions, inspect core, review sampling and assaying protocols, review the QA/QC programs and results, supervise check sampling and assaying and obtain data, maps, plans and reports available for the Project;
  1. Determine geological domains and mineralized zones, compile statistics for each mineralized zones to obtain variograms, capping values and in‐situ densities;
  1. Select interpolation methodology and criteria for measured, indicated and inferred resources and compile mineral resources at relevant cut‐off grades;
  1. Validate results.

G Mining is also planning on completing the assessment of mineral resources, mining methods, metallurgical particularities; preparing a list of technical studies required; establishing priorities, timing, samples required and costs; and discuss various development alternatives with the Corporation's management in view of positioning the Corporation for the Feasibility Study phase.

After completion of this preliminary work, the Corporation will be in a position to decide on the next phase for the La Josefina Project development.

About Hunt Mining

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 39,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 12,000 surface channel, chip, and trench samples. The Corporation is currently engaged in a resource expansion drilling campaign at the flag-ship La Josefina project. Historical results and additional information can be viewed at www.huntmining.com.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking information and forward-looking statements (collectively, "forward-looking information") under applicable securities laws, relating, but not limited to the Corporation'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 including with respect to the services, studies and assessments in respect of the Project by G Mining Services Inc. and any updated technical report for the Project. Such forward looking-information is based on current expectations that involve a number of known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, failure to establish estimated resources, 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, uncertainties relating to the interpretation of the geology, continuity, grade and size estimates of mineral resources and unanticipated operational or technical difficulties and other factors. Such forward-looking information are based on a number of assumptions, including but not limited to, the availability of financing, no significant decline in existing general business and economic conditions, the level and volatility of the price of gold, the accuracy of the Corporation's resource estimates and of the geological, metallurgical, price and other assumptions on which the estimates are based. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking information and accordingly, readers are cautioned not to place undue reliance on this forward-looking information. The Corporation does not assume the obligation to revise or update this forward-looking information after the date of this announcement 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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