Hunt Gold Corporation -- Company to Commence Stock Purchases

Hunt Gold Corp. confirms will start purchasing its shares

NEW YORK, NY -- (Marketwire) -- 11/07/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC)announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.

The Company is now in a position to confirm that it will commence these purchases early next week as the necessary arrangements have been made with Brokers to purchase these shares for and on behalf of the Company.

The Company is confident that it will be in a position to accumulate fairlysubstantial amounts of stock at the current very low price levels as itappears that there are significant sellers or "weak holders" at these price levels, based upon our observations of this week's trading patterns in the market.

The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only; once purchased, they will beheld in Treasury and will not be cancelled.

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

The Company will account for these profits as an Extraordinary Item in its Financial Statements.

ABOUT HUNT GOLD CORPORATION

Hunt Gold Corporation is a Gold Mining & Exploration Company focused on thedevelopment and exploration of its Gold properties, namely "Mockingbird,""Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "LookoutSilver," "Starlight," "American flag," "Venezia," "Stormcloud," "Cherry,""Buffalo Limecap," "Red Cloud" and "Federal." The Company has completedthe sale of its "American Molygold" interests and will be distributing theentire sale proceeds through a Stock Dividend to its stockholders, this tobe announced shortly.

This release contains "forward-looking statements" within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E theSecurities Exchange Act of 1934, as amended and such forward-lookingstatements are made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. "Forward-looking statements"describe future expectations, plans, results, or strategies and aregenerally 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 amultitude of risks and uncertainties that could cause future circumstances,events, or results to differ materially from those projected in theforward-looking statements, including the risks that actual results maydiffer materially from those projected in theforward-looking statements as a result of various factors, and other risksidentified in a companies' annual report on Form 10-K or 10-KSB and otherfilings made by such company with the SEC.

For further information contact:Hunt Gold CorporationE Mail: Email ContactTelephone: (954) 840-6956Contact:Mr. Michael G Saner