Hunt Mining Corp. Provides Comment on New Argentina Mining Decree

LIBERTY LAKE, WASHINGTON--(Marketwire - Oct. 27, 2011) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) announces the Federal Government of Argentina announced that future export revenues derived from mining operations must be repatriated to Argentina and converted to Argentine currency prior to being distributed either locally or back overseas.

A preliminary analysis of the new decree by our legal counsel in Buenos Aires indicates that it does not change the current regulations that allow, subject to the Argentinean central bank rules, the purchase and transfer of foreign currency to foreign destinations in consideration for debt repayment facilities or approved dividend payments.

Although this decision does not impact Hunt Mining in that the Corporation is currently not a producer, the corporation will continue to seek advice from our Argentine legal counsel and other advisors for further clarification of the financial and operational implications of the new regulations.