HGLC Hunt Gold Corporation (CE)

Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it is in final discussions which could result in the acquisition of an advanced stage Gold Mining Project in Arizona with a substantial drill indicated Gold Resource.

This acquisition, if completed as agreed at this time, will be settled in cash; no stock to be issued and with no royalties payable to any third parties.

The acquisition of this Gold Project would result in Hunt Gold Corporation having its first producing Gold Mine in fairly short order.

The successful completion of this acquisition would result in Hunt Gold Corporation becoming a Gold Producing Company, this being at least a year ahead of Management's expectations on bringing its "Mockingbird" Gold Project into production, and based upon the early stage exploration on the Company's existing portfolio of Gold Mining Projects.

It is very possible that this acquisition could be completed today and should this be case, stockholders will be advised prior to the Market Open, in the morning on Tuesday March 10, 2009.

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," "Williamson," "Blue Copper Mine," "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. The Company has disposed of its "Lookout" Silver Projects and will be retaining an amount of US$65 million in quoted stock from that disposal.

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: MDM Worldwide Solutions, Inc. (Investor Relations Enquiries) E Mail: Email Contact Telephone: (646) 961-4458 Contact: Richard Hausig Hunt Gold Corporation (Corporate Enquiries) E Mail: Email Contact Telephone: (954) 840-6956 Contact: Mr. Michael G Saner