Mr. Matthew Hughes reports

HUNT MINING ANNOUNCES BRIDGE LOAN

On Oct. 15, 2010, Hunt Mining Corp. entered into a loan agreement with Huntwood Custom Cabinets Ltd., an entity controlled by the corporation's executive chairman, Tim Hunt. Pursuant to this agreement the corporation borrowed $250,000. The bridge loan, which is unsecured, bears interest at a rate of 12 per cent per annum and is due on Dec. 31, 2010.

The bridge loan is in addition to loan agreements entered into on Aug. 12, 2010, and Oct. 7, 2010, between Huntwood and the corporation, pursuant to which the corporation borrowed $450,000. This loan, which is unsecured, bears interest at a rate of 12 per cent per annum and is due on Dec. 31, 2010.

The purpose of these short-term borrowings was to ensure the corporation had sufficient working capital to maintain all of its properties in good standing and pay costs associated with the financing announced in Stockwatch on Oct. 12, 2010. Management of the company expects to repay these bridge loans from the proceeds of the prospectus offering announced in Stockwatch on Oct. 12, 2010.