Liberty Lake, Washington, November 07, 2011 – Hunt Mining Corp. (the “Corporation” or “Hunt Mining”) (TSX VENTURE: HMX) is pleased to announce the signing of a Letter of Intent with Eldorado Gold Corporation (“Eldorado”) (TSX:ELD) (NYSE:EGO) (ASX:EAU) with respect to certain mineral exploration Cateos and Manifestations of Discovery (“Projects”) located in Santa Cruz Province, Argentina.

Under the terms of the Letter of Intent, Hunt Mining has granted exclusive rights to Eldorado, which has declared its intention to review the Projects with the objective of entering into a strategic alliance or option agreement with Hunt Mining to jointly explore and develop the Projects. Eldorado will be committing significant financial and personnel resources to the evaluation of the Projects under the terms of the Letter of Intent.  The Letter of Intent expires on December 31, 2011.  There is no assurance that Hunt Mining and Eldorado will enter into any further agreement with respect to the Projects.

Hunt Mining is a major landholder in Santa Cruz Province, Argentina controlling 2,867 sq. km or 286,792 hectares, encompassing 3l mineral concessions. Hunt Mining maintains a year round exploration and development camp employing a number of experienced geologists and support staff, and is ramping up exploration for the Argentine Spring season.

About Eldorado Gold Corporation

Eldorado Gold Corporation, with its head office in Vancouver, Canada, is an international mid tier gold producer active in development and exploration. Eldorado operates the Kişladağ and Efemçukuru gold mines in Turkey; the Jinfeng, Tanjianshan and White Mountain gold mines in China; and the Vila Nova iron ore mine in Brazil. In China, Eldorado is constructing the Eastern Dragon gold mine, which is expected to start production in Q3 2012. Eldorado is also developing the Perama Hill project in Greece, and the Tocantinzinho (TZ) project in Brazil, and have ongoing exploration programs in China, Turkey, Brazil, and Nevada in the United States. Additional information can be viewed at www.eldoradogold.com.

About Hunt Mining Corp.

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz Province, Argentina since 2006. Since that time, the Corporation’s wholly owned subsidiary, Cerro Cazador S.A., has completed a large amount of exploration activity including approximately 53,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 15,000 surface channel, chip, and trench samples.

The Corporation is currently engaged in a resource expansion drilling campaign at the flagship La Josefina Project. Historical results and additional information can be viewed at www.huntmining.com.

Dean Stuart
Investor Relations
T: (403) 517 2270
E: dstuart@huntmining.com

Viresh Varma
Director of Corp. Development
T: (647) 588 0460
E: vireshvarma@huntmining.com

Matthew J. Hughes
President and CEO
T: (509) 892-5287
E: mhughes@huntmining.com