Hunt Gold Corporation -- Company Stock Purchases

Company Approves Purchases of Its Own Stock

NEW YORK, NY, Nov 04, 2008 (MARKET WIRE via COMTEX) -- Hunt Gold Corporation (PINKSHEETS: HGLC) has resolved to purchase shares of its Common Stock in the market, on the following basis:

-- The Company's stock price is at this time significantly undervalued and the Management of the Company is of the opinion that given the extremely positive developments in the Company's strategy coupled with the Company's position never been as strong as it is at this time; the stock price will correct itself in the short to medium term and as the Company has watched circa 70% of its market capitalization disappear over the past week for no rational nor logical reason; it presents a significant opportunity for the Company to make short to medium term investment profits which serve to increase the Company's cash reserves over the short to medium time based upon these investment profits.

-- The Company will utilize surplus cash to purchase shares of its Common Stock in the market as an Investment, these shares so purchased; will be held in Treasury and will not be cancelled.

-- The Company intends to sell these shares in the market and what Management believes will be at a substantial profit; and at such time as the Company's stock price corrects itself to reasonable and accurate prices.

-- These purchases will commence shortly and the Company undertakes to provide its stockholders with details of its stock purchases on a fortnightly basis; this being voluntary as the Company is a "Non Reporting Company" at this time and therefore has no duty to disclose its stock purchases; nor its sales and profits on these stock purchases. Upon the Company becoming a "Reporting Company" with the SEC; the Company would file the appropriate disclosures.

-- The Company is not purchasing these shares of its Common Stock in the market to increase its stock price, this is a short to medium term investment as far as the Company is concerned. Management wishes to stress that it will not be cancelling these shares of its Common Stock purchased in the market and intends to purchase its own shares of Common Stock as an
investment based upon the prevailing share price. At no time, does this Company intend to state as to what price it is prepared to pay for its shares in the market; nor at what price it will take profits on these purchases of its own shares.

-- This is a short term opportunity upon which the Company intends to capitalize upon. The Company cannot disclose the amount of shares which it intends to purchase; as this will be wholly dependent upon the price of the price of the Company's shares offered in the market from to time and at the discretion of the Management of the Company.



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 company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

For further information contact:

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



SOURCE: Hunt Gold Corporation
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