Hunt Gold Corporation - New Chairman Appointed

  Hunt Gold Corporation (PINKSHEETS: HGLC) is
delighted to confirm that Mr. Frederick J J Blaauw has been appointed as
the Company's Non Executive Chairman and with immediate effect.

Mr. Frederick Blaauw replaces Mr. Peter J Bezzano as the Non Executive Chairman of the Company. Mr. Bezzano will no longer serve as a Director of this Company but remains as the Company Secretary. Mr. Bezzano, who is the Chairman of Fortress Financial Group, Inc., served as a Director and as Non Executive Chairman of this Company at a time when Fortress Financial Group, Inc. held a significant interest in this Company. Today, Fortress Financial Group, Inc. holds less than 4% of the Company's shares of Common Stock. The Company wishes to extend its gratitude to Mr. Bezzano for his services to our Company.

Mr. Blaauw (Age 60) is a Graduate of the University of the Witwatersrand in South Africa and holds a B.Sc in Mining Engineering. Mr. Blaauw has a lifetime of experience in the Mining Sector, has served at the highest Managerial Level of many of world's foremost mining companies, and is responsible for having written a number of mining publications. Mr. Blaauw has been extensively involved in Consulting Projects of late; and was a Principal and Co-Founder of Resources International which funded Mining Projects with an amount in excess of US$650 million through a securitization process.

The Company is honored and delighted to welcome Mr. Blaauw as its new Non Executive Chairman and Mike Saner, the Company's CEO, stated that, "Frederick Blaauw will bring a huge wealth of knowledge, connections, experience and skills to our Company, and it is indeed the dawn of a new era for this Company." Mike Saner added that he was delighted to have such a strong and experienced Mining Team to take this Company into its next phase.

The Company's Board of Directors now comprises of:

Mr. Frederick J J Blaauw (Non Executive Chairman)
Mr. Michael G Saner (Chief Executive Officer)
Mr Ronald Y Lowenthal (Non Executive Director)
Mr Peter J Bezzano (Company Secretary)

The Company's Advisory Committee now comprises of:

Professor Wayne P Colliston
Mr. Mike South
Mr. Peter J Cronshaw

The Company's "Key" Management are:

Mr. Jack Light (Senior Geologist)
Mr. Ed Huskinson (Permanent Project Geologist)

Mr Frederick Blaauw's full resume as well as all of the other Executive's resumes will available on the Company's Corporate web site which is scheduled for completion very shortly.

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," "Lookout Silver," "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, this to be announced shortly.

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: Hunt Gold Corporation E Mail: Email Contact Telephone: [phone] Contact: Mr. Michael G. Saner