Global Hunter Provides a Corporate Update

Global Hunter Corp. (TSX VENTURE:BOB)(FRANKFURT:G5D)("Global Hunter" or "the
Company") is pleased to provide an update on its corporate and project
operations to date and its plans for the new year. The Company is confident in
the value of its assets and remains positive in its outlook for 2009. In the
best interest of its shareholders the Company intends to explore its projects to
their fullest potential to realize their greatest value in the best timelines
with consideration to the current economic conditions. A combination of the
initiatives discussed below and upcoming growth opportunities should enable
Global Hunter to continue to create value during these difficult times.


FINANCING

The Company is in the final stages of completing a $3,500,000 private placement
as announced on December 22, 2008, subject to acceptance by the TSX. Proceeds
from the private placement will be carefully allocated to ensure maximum benefit
at minimum cost. "We are pleased to be completing a multi-million private
placement in this difficult climate. We are very aware of the strain these
economic changes can place on a company and its investors and look forward to
using our experience and expertise to get our team through this extraordinary
time. Although copper prices have fallen in recent months, we believe the
fundamentals are strong. If prices remain low we believe the overall costs of
production will fall significantly to offset this. We continue to study the
markets as we advance our projects and will be poised to take advantage of the
turnaround when it comes," stated Rod Husband, President and CEO of Global
Hunter Corp.


PROJECTS

Las Posadas shear zone at La Corona de Cobre project - Chile, South America

The Company has recently achieved several key milestones in its project plans at
Las Posadas. These milestones include the completion of an Environmental
Baseline Study by Arcadis Geotecnica of Chile and tall-column and bottle roll
testing for acid consumption on the project. A report of results is currently
under review and results will be released once prepared.


The plans for Las Posadas and the remaining shear zones at La Corona de Cobre
are to successfully complete geological model, revised resource estimate,
dimensioning study, economic assessment, pre-feasibility, permitting, and
engineering studies in 2009 along with further sampling in the surrounding
areas. The dimensioning study in particular will allow Global Hunter to
determine the economic parameters needed to build a successful mine. All
information acquired from these studies will assist in defining the potential at
Las Posadas and the potential upside in its sister shear zones and how best to
proceed to develop the project.


In addition to Las Posadas, the Corona de Cobre project contains 14 shear zones,
several of which are currently being mined for high-grade ore in small scale by
local miners. These shear zones have been mapped to varying degrees and detail
and areas with sufficient exposure have been sampled and will be assayed
shortly. These zones provide the Company with exciting future exploration
targets with great economic possibilities to expand its resource base. The
Company looks forward to exploring the entire project to fullest potential.


Rabbit South - British Columbia, Canada

In addition to the developmental work that has been continuing on Las Posadas,
the Company recently completed its 2008 exploration and drill work at Rabbit
South in British Columbia. The program was designed to test the northern portion
of the mineralization to depth and to confirm historical data for a National
Instrument 43-101 Resource Estimate.


The northern portion of the mineralization had holes previously only drilled to
depths of approximately 100 metres and did not intersect the low angle fault
that serves as the base of the mineralization in the southern area. The 2008
holes have now confirmed molybdenum mineralization from surface to depths of
over 400 metres and assays are being received and will be released following
completion of the Company's Quality Assessment / Quality Control and compilation
of results.


The historic drill data contained several sets of information that needed
confirmation to be included in a National Instrument 43-101 Resource Estimate.
Initial review of results indicate that the percussion holes will need to be
re-drilled as assay values from them were significantly different than with
diamond drill holes, however, historic diamond hole results were sufficiently
duplicated to be included in the data set.


In the upcoming year Global Hunter will continue to drill in the higher-grade
zones identified by the 2008 drill program and historic drill holes. With
additional drilling Global Hunter plans to further delineate the areas with
greatest potential for economic development. The plan will be to define the
entire extent of mineralization and identify areas of varying grades to identify
higher-grade zones that would help with an economic assessment of the project


COMMUNICATIONS

The Company has engaged Mr. Tom Corcoran to assist in its shareholder
communication objectives and provide a new approach to the Company voice. Mr.
Corcoran has over 17 years of corporate marketing, advertising, and media
experience with 11 years as a broadcast journalist. With a Bachelor of Applied
Science in communications, Mr. Corcoran has exceptional writing, design, and
communication skills in addition to public speaking and presentation talent. Mr.
Corcoran has further experience in corporate finance and has raised over $75
Million on behalf of public companies.


Global Hunter is very pleased to have Mr. Corcoran join the team and looks
forward to his fresh approach for the new year.


EVENTS

The Company will be exhibiting in booth #108 at this year's Cambridge House
International conference on January 25, 2009 from 10:00AM to 6:00PM and January
26, 2009 from 9:00AM to 5:30PM at the Vancouver Convention and Exhibition Centre
200 - 999 Canada Place. For more information and to register for free please
visit our Upcoming Events section at www.globalhunter.ca.


Global Hunter Corp. is a Vancouver-based exploration company that is listed on
the TSX Venture Exchange under the ticker symbol "BOB" and on the Frankfurt
Stock Exchange under the ticker symbol "G5D".


Rod Husband, P.Geo., is the Qualified Person as defined by National Instrument
43-101 who has prepared, reviewed and approved the technical information in this
news release.


ON BEHALF OF THE BOARD OF DIRECTORS

GLOBAL HUNTER CORP.

Rod Husband, P.Geo, President

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.