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or Name
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Global Hunter Corp
Symbol BOB
Shares Issued 185,099,599
Close 2010-11-29 C$ 0.155
Market Cap C$ 28,690,438
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Global Hunter completes La Corona surface sampling

2010-12-01 09:47 ET - News Release

Mr. Rod Husband reports

GLOBAL HUNTER BEGINS SURFACE SAMPLING PROGRAM AT LA CORONA DE COBRE & BROADENS IR PROGRAM

Global Hunter Corp. has recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This will aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.

The shear zones and areas of alteration that have been sampled (from east to west) include the following zones:

  • El Manto;

  • La Golondrina;

  • Cerro Borracho;

  • El Tazon;

  • La Copa;

  • La Varrilla;

  • Et Tazon;

  • Vino Fino;

  • Abisinia;

  • Las Posadas.

The samples were collected from outcrops along the entire strike lengths of the shears and have been shipped to ALS Chemex Labs in La Serena, Chile, for analysis. Results will be released as soon as practical after they have been received.

These shear zones can be traced on surface for hundreds of metres. The longest is Vino Fino, which has been mapped for over 6,000 metres. Local miners are currently extracting ore from several shear zones on the property and transporting it to Enami for processing.

With the surface sample results in conjunction with previous geophysical work completed on the property, Global Hunter intends to prepare a multihole drill program on the shear zones scheduled to begin early 2011 as part of its continuing evaluation of its Corona de Cobre project. In addition to sampling and drilling of the prospective shear zones at La Corona de Cobre mentioned above, the company will continue its work on the Las Posadas resource over the coming months and will provide a summary of its progress as information becomes available.

In addition, the company is pleased to announce it has retained the services of Asian Capital & Equity (ACE) Ltd. and Crown Equity Holdings Inc. to increase the investing public's awareness of its projects.

ACE, which is owned by Alexander Holtermann, offers a comprehensive range of services that allows for a specifically tailored investor relations program to maximize exposure in Asian and European markets for publically listed companies. ACE brings to Global Hunter a strong presence in Asia with a home base in, and focus on, Hong Kong, along with close ties to the European investor audience with a concentration on Germany. ACE will provide a presence at specially targeted road shows in Asia to help raise finances. In addition, ACE has access to a robust network of capable international partners to help Global Hunter expand its audience and potential investors. The agreement with ACE has a term of 12 months and provides for an annual compensation of $100,000.

Global Hunter has also engaged the services of Crown Equity Holdings Inc. to assist in exploring a secondary listing in the United States. Crown Equity will assist Global Hunter in assessing the various exchanges in the United States and provide recommendations as to which would be most suitable, based on the company's business strategy. To raise the profile of Global Hunter in the United States, Crown Equity will also advertise the company through its media channels to prospective investors. The agreement with Crown Equity, which is owned by Kenneth Bosset and has its offices in Las Vegas, Nev., has a term of six months with an option to renew for an additional six months and provides for a cash compensation $25,000.

ACE and Crown Equity Holdings Inc. are at arm's length to Global Hunter and have advised the company that, other than as provided for in their agreements with the company, they have no interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest.

Global Hunter's flagship project is the La Corona de Cobre property, located 70 kilometres north of La Serena, Chile, along the Pan American Highway, within the coastal belt of the Andean Cordillera. The NI 43-101-compliant resource contains 225 million pounds of copper oxide. In addition, the company has its Rabbit South molybdenum project in south-central British Columbia, Canada.

The technical information in this news release has been reviewed by Rod Husband, a qualified person for the purposes of National Instrument 43-101.

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