Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) is pleased to announce the latest drill results from the La Josefina Project in Santa Cruz province, Argentina. A total of 57 assays have been received to date that were completed from September 2011 to December 2011. All results from these holes are from surface to a maximum depth of 227 meters.

The Corporation continues ongoing reconnaissance exploration, currently focused on trench and surface channel sampling, to define new and expansion drill targets within La Josefina and other key areas. In addition to this exploration, the main camp is undergoing a significant expansion to accommodate more personnel for upcoming drill programs. Construction of one or more satellite camps is also being initiated to service crews soon to be working on portions of the Corporation's 30 outlying projects.

The focus of this drilling and trenching was mainly reconnaissance in nature, testing outlying areas where little or no drill testing had previously taken place.

From the 57 holes reported, approximately 30% intercepted one or more assay intervals with gold greater than 0.5 grams per tonne (g/t), silver greater than 30 g/t and/or base metals (lead or zinc) greater than 5000 g/t.

Highlights from these remaining drill holes include:

Sinter Zone Highlights

Hole SSI-D11-444:

• From 23 meters depth; 12 meters true width (39.36 feet) of 3.20 g/t gold, including
  • 1 meter, true width, (3.3 feet) of 21.4 g/t gold

Sopresa Zone Highlights

Hole SSO-D11-371:

• At 73.87 meters depth; 1.07 meters, true width, (3.5 feet) of 3.81 g/t gold,

Hole SSO-D11-368:

• At 18.35 meter depth; 2.0 meters, true width, (6.5 feet) of 4.63 g/t gold, including
  • 0.52 meters, true width, (1.7 feet) of 14.8 g/t gold

Gold and silver grades returned for other recent holes not cited above (SC-D11-347 to 349; SP-D11-350 to 355, 421 to 423, 425, 426, 431, 432, 434 to 437, 441 and 442; SSO-D11-356 to 384, 389, 416, 418, 419; SSI-D11-443 to 445) range from below detection limit (< 0.01 g/t Au) to 1.61 g/t gold, below detection limit (<0.01 g/t Ag) to 124.4 g/t Ag, 2 ppb to 1149 g/t Cu; below detection to 35,900 g/t Pb, and 15 ppb to 39,100 g/t Zn.

A table with all 2011 drill results can be viewed at www.huntmining.com.

Notes:

• True widths at Sinter Zone reported above are considered to be the same as the drill hole intercept widths based on vertical orientation of drill holes, flat lying stratigraphic control of mineralization, surface mapping, and construction of cross-sections.
• True widths at other zones reported above are considered to be approximately 95% of the actual drill hole intercept widths based on angled orientation of drill holes, measured strike and dip of mineralized structures and cross-section analysis
• All drilling has been conducted in accordance with standard industry practices.
• All samples are being prepared and assayed by Alex Stewart Laboratories in Perito Morena Argentina.
• An analysis of the Corporation's QA/QC practices are reviewed in detail in the Corporation's current Technical Report in respect of the La Josefina Project, which is available at www.sedar.com

Mel Klohn, Senior Technical Advisor for the Corporation is the Qualified Person under National Instrument 43-101 who has approved the technical content of this new release.

About Hunt Mining

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz 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 57,000 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 flag-ship La Josefina Project. Historical results and additional information can be viewed at www.huntmining.com.

Contact Information

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