Mr. Matthew Hughes reports

HUNT MINING CORP.: DRILLING AT LA JOSEFINA INTERSECTS HIGHEST GRADE GOLD TO DATE; SECOND DRILL RIG MOBILIZED IN SANTA CRUZ ARGENTINA

Hunt Mining Corp. has released the latest results from the diamond core drilling program on the Veta Ailin structure in the Central zone of the La Josefina project in the Santa Cruz province, Argentina. Additionally, the corporation has mobilized a second drill rig to the 100-per-cent-owned El Gateado gold project adjacent to the La Josefina project. At El Gateado, 2,000 metres of core drilling is planned to offset and expand mineralization encountered in a 2006 drill hole (GAT-DDH-001) that intersected 11.3 metres (estimated true width) of 3.65 grams per tonne) gold.

The results of drilling at La Josefina continue to confirm high-grade gold, silver and base metal mineralization along a 200-metre segment of the Veta Ailin structure.

Significant results included:

• Hole SC-D11-267: 2.38 metres (true width) of 188.52 g/t gold, 171.88 g/t silver and 14.84 per cent lead, including:
  • 0.88 metre of 494.32 g/t gold, 143.60 g/t silver and 10.37 per cent lead;
  • 0.50 metre of 25.60 g/t gold, 395.00 g/t silver and 33.07 per cent lead.

A range of significant mineralized intersections in those holes not cited above (SC-D11-261, 262, 263, 265, 266, 268 and 270) includes gold grades with a low of 0.15 g/t ranging to 3.34 g/t, silver grades with a low of 8.40 g/t ranging to 111.50 g/t, lead with a low of 1.97 per cent ranging up to 20.14 per cent and copper with a low of below detection to a high of 2.03 per cent. A table with all 2011 drill results can be viewed on the company's website.

Drilling on the Veta Ailin structure has now been completed for this season, and the drill rig has been moved to the Veta Norte structure at the La Josefina project. Prior to this campaign, Veta Ailin had only limited historical drilling and the Veta Ailin ore shoot was not included in the corporation's current technical report in respect of the La Josefina project, prepared in accordance with National Instrument 43-101. Only two of the final 10 holes, SC-D11-264 and 269, completed at Veta Ailin failed to intersect noteworthy mineralization. Although not all holes drilled as step-out holes outside the known limits of the ore shoot intersected significant mineralization, they did confirm continuity of the structure where additional mineralization may be encountered with future drilling.

Notes:

• True widths reported above are estimated at 95 per cent of intercept width based on surface sampling, drill hole inclinations and cross-section comparisons;
• All drilling has been conducted in accordance with standard industry practices;
• All samples are being prepared and assayed by Alex Stewart Laboratories in Mendoza, Argentina;
• An analysis of the corporation's quality assurance/quality control practices are reviewed in detail in the corporation's current technical report in respect of the La Josefina project available on SEDAR.

Mel Klohn, senior technical adviser for the corporation, is the qualified person under NI 43-101 who has approved the technical content of this news release.

We seek Safe Harbor.