October 10, 2008
Company to Massively Increase Its Drilling and Exploration Efforts
Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that "Drill Baby Drill" is the mantra by which this Company shall follow with immediate effect.
The Management of the Company is now going to capitalize in an unprecedented way upon the surge in Gold prices as predicted by the Management of this Company.The Company has amended its plans and intends to commence drilling on its Mockingbird Gold Mine in the next fortnight regardless of additional costs and will continue this throughout the Company's portfolio of Gold Mining properties. The Company will no longer wait until January of 2009 as announced and is moving forward its exploration and drilling plans far ahead of stated schedules.
The Company has extended its lines of credit to capitalize on the "Gold boom" and will commence exploration work on additional Gold mines in its portfolio and not just on the Mockingbird Gold Mine in Arizona.
The Company is now sparing no expense to capitalize on the "Gold Rush" and intends to utilize its massive credit lines to exploit and capitalize on its very substantial portfolio of Gold Mining Projects.
In short, we are now, signing on for on the "Drill Baby Drill" theme; the results of which will increase the value of this Company to a massive extent in a very short period of time.
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: Investor Insights (Dick Granieri/Gordon Otter) E Mail : Email Contact Telephone : 1-888-572-7934 Hunt Gold Corporation E Mail: Email Contact Telephone: (954) 840-6956 Contact: Mr. Michael G Saner
SOURCE: Hunt Gold Corporation