Hunt Gold Corporation -- Takeover Bid

NEW YORK, NY, Jul 31 (MARKET WIRE) --
Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed on July 29, 2008 that
it has received a number of serious offers for the Company; which if
successful, could lead to a buyout of the Company.

The Company can now confirm that it received, early this morning; a
serious Takeover Offer for the Company.

The Board of Directors will seek external advise on this Offer and advise
stockholders accordingly.

The Board is therefore now duty bound to enter into formal discussions
with all of the various bidders for the Company.

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"
interests. The Company is completing the sale of its "American Molygold"
interests.

For further information contact:

Hunt Gold Corporation

E Mail: investor@huntgoldcorp.com

Telephone: (954) 840-6956

Contact: Mr. Michael G Saner

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:
Mr. Michael G Saner
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956

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