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Hunt Mining Corp. (the
"Corporation") (TSX VENTURE:HMX - News), is pleased to announce
the granting of 1,110,000 stock options to purchase common shares at an
exercise price of $0.30 for a period of 5 years to certain directors,
officers, employees and consultants of the Corporation. 1,000,000 of these
options shall vest as to 50% on date of grant, 25% on June 15, 2011 and 25%
on December 15, 2011. The remaining 110,000 options shall vest as to 25% on
the date of grant, 25% on June 15, 2011, 25% on December 15, 2011 and 25% on
June 15, 2012. The options are granted pursuant to the Company's stock option
plan.
About Hunt Mining Corp.
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. ("CCSA"), has completed a large amount of exploration activity
including more than 37,000 meters of HQ core drilling, 416 line kilometers of
Induced Polarization geophysical surveys and more than 10,000 surface
channel, chip, and trench samples. Historical results and additional
information can be viewed at www.huntmining.com.
FORWARD-LOOKING STATEMENTS This
announcement contains certain forward-looking statements, relating to, but
not limited to Hunt Mining's expectations, intentions, plans and beliefs.
Forward-looking information can often be identified by forward-looking words
such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend',
'estimate', 'may' and 'will' or similar words suggesting future outcomes, or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future outcomes, or statements about future events or
performance including the vesting of the options granted. Forward-looking
information may include reserve and resource estimates, estimates of future
production, unit costs, costs of capital projects, and timing of commencement
of operations and is based on current expectations that involve a number of
business risks and uncertainties. Factors that could cause actual results to
differ materially from any forward-looking statement include, but are not
limited to, failure to establish estimated resources and reserves, the grade
and recovery of ore which is mined varying from estimates, capital and
operating costs varying significantly from estimates, delays in obtaining or
failures to obtain required governmental, environmental or other project
approvals, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects and other factors.
Forward-looking statements are subject to a variety of known and unknown
risks, uncertainties and other factors that could cause actual events or
results to differ materially from those expressed or implied. Readers asked
to carefully consider the additional risk factors listed in the "Risk
Factors" section of Hunt Mining's short form prospectus dated November
23, 2010 and Annual Information Form dated April 28, 2010, both of which may
be viewed at www.sedar.com.
Hunt Mining does not assume the obligation to revise or update this
forward-looking information after the date of this release or to revise such
information to reflect the occurrence of future unanticipated events, except
as may be required under applicable securities laws.
Neither the TSX Venture nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture) accepts responsibility for the adequacy or accuracy of this
release.
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