Liberty Lake, Washington, April 4, 2014 - Hunt Mining Corp. ("Hunt" or the "Company") (TSXV: “HMX”) announces the appointment of Alastair Summers to the Board of Directors and to the Company’s Audit Committee. Mr. Summers is a Professional Engineer graduated from the University of British Columbia with a Bachelor of Science (Mining Engineering). Mr. Summers was Vice President and General Manager of Hecla Mining Company’s operations in Mexico and Venezuela. He was personally responsible for building mines for Hecla including La Choya and San Sebastian in Mexico. Al Summers also prepared the feasibility study for the Stillwater Platinum-Palladium Mine. Mr. Summers worked for Paramount Gold and Silver Corp. at its San Miguel Project in Mexico from 2007 to 2009. Al Summers will bring tremendous insight to the Company as it analyses near-term potential for development in Argentina. This appointment is subject to TSX Venture Exchange approval.
The Company announces that the notes to its interim financial statements for the nine months ended September 30, 2013 contained an error. Specifically, Note 13 (Related Party Transaction) incorrectly disclosed that the balance owed to the Company by HuntMountain Resources Ltd., a company controlled by a related party to the Company, was $114,408 and that the Company was doubtful of the collectability of this receivable as of September 30, 2013. The disclosure was incorrect and the note should have stated:
“In conjunction with the Company’s Qualifying Transaction, on December 23, 2009, the Company advanced $200,000 to HuntMountain, CCSA’s former parent corporation, as a refundable deposit. As at the period ended September 30, 2013, the balance owed by HuntMountain to the Company was $114,408 (December 31, 2012 - $114,408). The Company has contacted HuntMountain’s management and has confirmed that any outstanding balances will be collected by December 31, 2014.”
The correction will be included in the Company’s audited financial statements for the year ended December 31, 2013. Any outstanding balances owed to the Company from the related party, if any, will be satisfied by December 31, 2014.
The Company would also like to report the granting of up to five million incentive stock options to certain directors and officers at 10 cents a share, exercisable for a five-year period.
About Hunt Mining
Hunt Mining Corp. is at the start of a 5 thousand meter drill campaign and has continued to develop its properties as an active and aggressive explorer in Santa Cruz since 2006.. During that time, Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed exploration activity including approximately 57,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 20,000 surface soil, sediment, channel, chip, and trench samples. Historical results and additional information can be viewed at www.huntmining.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forwardlooking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forwardlooking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.