NEW YORK, NY--(MARKET WIRE)--Jul 16, 2008 -- Hunt Gold Corporation (Other OTC:HGLC.PK - News) confirms that the Company has agreed the terms of the sale of its "American Molygold" Mining & Exploration interests.

The proceeds from the sale of these "Molygold" interests are to be immediately upon the Company's receipt; be utilized to effect a substantial share buyback of the Company's "free float" of Common Stock.

Stockholders will continually be advised accordingly, as your Company's Management becomes aware of further details and developments.

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," "American Molygold," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal" interests.

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 companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

     For further information contact:
     Mr. Michael G Saner
     Hunt Gold Corporation
     E Mail: Email Contact
     Telephone: (954) 840-6956