HMX Hunt Mining Corp

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 (less than 0.01 g/t Au) to 1.61 g/t gold, below
detection limit (less than 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.


FORWARD-LOOKING INFORMATION

This announcement contains forward-looking information and forward-looking
statements (collectively, "forward-looking information") within the meaning of
applicable securities laws, relating, but not limited to the Corporation's
expectations, intentions, plans and beliefs. Forward-looking information can
often be identified by the use of words such as 'anticipate', 'believe',
'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar
words suggesting future outcomes or other expectations including with respect to
the drilling program on the Corporation's La Josefina Project, the
interpretation of exploration results received to date the focus of the
exploration program, the Corporation's expansion plan for its main camp and the
construction of satellite camps and the timing thereof. Such forward
looking-information is based on assumptions and current expectations that
involve a number of known and unknown risks and uncertainties that may cause
actual results to differ materially from those expressed or implied by the
forward-looking information.


Factors that could cause actual results to differ materially from any
forward-looking information include, but are not limited to, failure to
establish estimated resources, 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,
uncertainties relating to the interpretation of the geology, continuity, grade
and size estimates of mineral resources and unanticipated operational or
technical difficulties and other risks and uncertainties set out in the
Corporation's annual and quarterly management discussion and analysis which are
available at www.sedar.com. Such forward-looking information is based on a
number of assumptions, including but not limited to, the availability of
financing, no significant decline in existing general business and economic
conditions, the level and volatility of the price of gold, the accuracy of the
Corporation's resource estimates and of the geological, metallurgical, price and
other assumptions on which the estimates are based. Should one or more risks and
uncertainties materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied in the
forward-looking information and accordingly, readers are cautioned not to place
undue reliance on this forward-looking information. Readers are further
cautioned that the forgoing lists of risks, uncertainties, assumptions and other
factors are not exhaustive. The Corporation does not assume the obligation to
revise or update this forward-looking information after the date of this
announcement or to revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities
laws.

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