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Global Hunter Announces Drill Results Including 18 Metres of 2.96 Percent Copper

Posted on: Tuesday, 29 January 2008, 12:00 CST

Global Hunter Corp.(TSX VENTURE: BOB) ("Global Hunter" or the "Company") is pleased to announce final results from its recent drill program totaling nearly 9,600 metres on Las Posadas shear zone at La Corona de Cobre project, Chile. The purpose of the program was to in-fill drill and further delineate the known copper oxide deposit; determine the boundaries of the oxide deposit in three dimensions; explore for possible extensions; provide sufficient core material for final copper oxide metallurgical testing; and assess the peripheral and deeper copper sulfide potential of the deposit below the current National Instrument ("NI") 43-101 qualified copper oxide resource and the oxide resource pit outline.

Highlights of the assay results include the following (complete results can be found in Appendix A attached hereto):

- Hole LP- 82 encountered 10 metres of 2.14 percent copper;

- Hole LP- 85 encountered 52 metres of 1.75 percent copper,

- including 18 metres of 2.96 percent copper;

- Hole LP- 86 encountered 64 metres of 0.71 percent copper;

- Including 6 metres of 2.23 percent copper.

"We are very pleased with the positive results from our drill program on Las Posadas, and now have the entire existing resource drilled on 50 metre centres," stated Mr. Rod Husband President & CEO of Global Hunter. "We plan to drill some of the additional oxide targets in the coming months to increase the total amount of copper oxide mineralization on the project and continue to aggressively pursue engineering studies on Las Posadas."

The Company's technical team is currently compiling new maps and cross-sections of Las Posadas deposit and these will be posted on the Global Hunter website, www.globalhunter.ca, as they become available. The Company also expects additional assay results to become available shortly and release the data upon receiving it.

A summary of the sampling handling, QA/QC program, sample preparation and analytical methods are described in the Company's previous news release pertaining to drill results.

ABOUT GLOBAL HUNTER CORP.

Global Hunter is currently exploring and advancing development of the La Corona de Cobre project located 70 kilometres north of La Serena, Chile along the Pan American Highway within the coastal belt of the Andean Cordillera. The 2007/08 program was designed to further define the resource and economics of Las Posadas and will continue. In addition to La Corona de Cobre, the Company is also working to complete further delineation drilling and an initial resource estimate at its Rabbit South Property molybdenum project in south-central British Columbia, Canada.

Michael S. Fulp, C.P.G., Chief Geologist for Global Hunter, is the Qualified Person as defined by National Instrument 43-101 who supervised the exploration program and has prepared, reviewed and approved the technical information in this news release.

On Behalf of the Board of Directors

GLOBAL HUNTER CORP.

Rod Husband, P.Geo, President

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 APPENDIX A: 2007 Diamond Drill Results from Las Posadas Program All holes were drilled at -45 and 115 degrees; sulfide and oxide intervals are tabulated below: Drill                                      Drill   Total  Total     Soluble Hole   North   East        From(m)  To(m)  Width   Depth   % Cu        % Cu        49400  50110 LP-81                          16     88      72   246.4   0.30        0.15 LP-81              Includes    28     34       6           0.63        0.45        49451  49990 LP-82                         161    195      34   312.5   0.73        0.53 LP-82              Includes   177    187      10           2.14        1.65 LP-82                         225    233       8           0.36        0.05        49300  50019 LP-83                         112    118       6   312.1   0.11        0.04 LP-83                         140    174      34           0.34        0.19 LP-83              Includes   168    174       6           0.65        0.20 LP-83                         206    214       8           0.17        0.01 LP-83                         226    248      22           0.18        0.01        50150  50066 LP-84                          77    103      26   237.6   0.28        0.17 LP-84              Includes    97    103       6           0.68        0.52 LP-84                         119    133      14           0.12        0.03 LP-84                         199    217      18           0.18        0.11        49550  50095 LP-85                          15     27      12     247   0.28        0.17 LP-85                          37     89      52           1.75        1.42 LP-85              Includes    39     51      12           2.32        1.89 LP-85              Includes    65     83      18           2.96        2.46 LP-85                         105    127      22           0.56        0.23 LP-85              Includes   109    121      12           0.87        0.38 LP-85                         145    213      68           0.18        0.09        49350  50025 LP-86                          86    104      18   298.4   0.47        0.18 LP-86              Includes    96    102       6           0.74        0.35 LP-86                         120    184      64           0.71        0.23 LP-86              Includes   130    140      10           1.26        0.82 LP-86              Includes   152    164      12           1.12        0.18 LP-86              Includes   174    180       6           2.23        0.32 LP-86                         254    266      12           0.22        0.01 LP-86                         284    290       6           0.14        0.01        49299  50125 LP-87                          24     44      20   212.6   0.22        0.07 LP-87                          98    120      22           0.19        0.09 -0.1% Total Cu cut-off and 0.08% Soluble Cu cutoff grades are used in average grade calculations solely for comparative purposes and not as potentially economic cut-off grades. 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 Contacts: Global Hunter Corp. Investor Relations (604) 681-4653 or 1-866-282-8398 (604) 683-6557 (FAX) Email: info@globalhunter.ca Website: www.globalhunter.ca

SOURCE: Global Hunter Corp.

Source: MARKET WIRE

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