Resource Hunter Capital Corp.

April 27, 2011 09:00 ET

Resource Hunter Announces Results of Shareholders Meeting and Related Matters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2011) - Resource Hunter Capital Corp. (the "Company") (TSX VENTURE:RHC) is pleased to announce that all the resolutions proposed at the Annual and Special General Meeting of the shareholders of the Company held on April 21, 2011 (the "AGM") were duly passed. At the AGM, each of Glenn Laing, Carson Philips, Guocai Liu, James Xiang, John Reynolds and Paul Jones were elected to the Board of Directors (the "Board") and SF Partnership LLP, Chartered Accountants were appointed as auditors of the Company.

In addition to the customary corporate matters approved at the Meeting, the Company's shareholders approved the adoption of a new rolling share option plan (the "New Plan") and the options granted thereunder. The Company's shareholders also approved the grant under the New Plan of 27,750,000 options, of which 23,450,000 options have been granted, including 750,000 options granted on February 28, 2011 having an exercise price of $0.13 per share expiring on February 28, 2021 and 22,700,000 options granted on March 24, 2011 having an exercise price of $0.15 per share expiring on March 24, 2021. Other matters approved included the change of name of the Company to "Plains Creek Phosphate Corporation" (subject to regulatory approval) and the adoption of a new set of Articles, which has provisions allowing for the use of uncertificated shares, electronic record keeping systems and other house-keeping matters, as more particularly described in the information circular.


Carson Phillips, Director

Cautionary Statement

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

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

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