Hunter Bay Minerals Announces Amendment to Sela Creek Option

Hunter Bay Minerals plc ("Hunter Bay") (TSX VENTURE:HBY)(OTCQX:HTBNF) is pleased
to announce that it has entered into an amendment agreement (the "Amendment
Agreement") amending the terms of its option agreement with Sela Kriki Okanisi
Resources N.V. (the "Owner") dated December 21, 2010 (the "Option Agreement")
whereby Hunter Bay has the option to acquire up to a 80% interest in the Sela
Creek Project, located in eastern Suriname.


Under the terms of the Amendment Agreement, the Owner has agreed to remove
Hunter Bay's obligation to incur $2,000,000 in exploration expenditures on the
Sela Creek Project by December 21, 2013 (the "Exploration Expenditure
Requirement"). In consideration of the removal of the Exploration Expenditure
Requirement, Hunter Bay has agreed to issue to the Owner a total of 18,000,000
ordinary shares of the Company. Following the issuance of the shares, the Owner
will own approximately 19.4% of Hunter Bay's issued and outstanding shares. As a
result of the foregoing and upon TSX Venture Exchange approval, Hunter Bay will
acquire a 70% interest in the Sela Creek Project.


The Amendment Agreement also provides that the completion date of the scoping
study on the Sela Creek Project, which is required to earn an additional 10% in
the Sela Creek Project, will be extended from December 21, 2014 to December 21,
2015. Notwithstanding this extension, Hunter Bay will still be required to make
a cash payment of $500,000 to the Owner on December 21, 2014 in order to earn
the additional 10% interest in the Sela Creek Project.


The Amendment Agreement and the transactions contemplated therein are subject to
the approval of the TSX Venture Exchange.


Hunter Bay's Chief Executive Officer, Nico Civelli, comments that, "Our ability
to work with Sela Kriki and acquire a 70% interest in the Sela Creek Project is
a significant milestone for Hunter Bay. We are happy to have our local partner,
Sela Kriki, become a significant shareholder of Hunter Bay and look forward to
building upon on our strong working relationship with them."


Dr. Chris Wilson, Hunter Bay's Chairman, comments that, "I am delighted that
Sela Kriki and the new CEO of Hunter Bay, Mr. Civelli, worked together to
negotiate this milestone agreement. Throughout the term of the Option Agreement,
Hunter Bay's management and Sela Kriki have developed a strong working
relationship to further the exploration and development of the Sela Creek
Project. The junior mining markets have posed significant challenges of late and
this agreement demonstrates Sela Kriki's understanding of the challenges that
junior mining companies face in today's markets."


About Hunter Bay

Hunter Bay is engaged in the acquisition, exploration and development of mineral
resource properties located in South America and Canada. Hunter Bay's lead
project is the Sela Creek Project, located in Suriname, in which Hunter Bay has
an option to acquire up to an eighty percent (80%) interest. Hunter Bay also
owns a one-hundred percent (100%) interest in the Great Bear Lake Properties
located in the eastern side of Great Bear Lake, NWT, Canada. 


Forward-Looking Statements

Information set forth in this news release contains forward-looking statements
that are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Hunter Bay cautions
that all forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are
beyond Hunter Bay's control. Such factors include, among other things: risks and
uncertainties relating to Hunter Bay's ability to complete its proposed
exploration program on the Sela Creek Project. Accordingly, actual and future
events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward looking
information. Except as required under applicable securities legislation, Hunter
Bay undertakes no obligation to publicly update or revise forward-looking
information.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hunter Bay Minerals plc
Nico Civelli
CEO and Director
([phone]
[e-mail]