Hunt Mining Corp. Announces Results of the Shareholder Meetings of Patagonia Gold PLC

July 12, 2019 – Hunt Mining Corp. (“Hunt” or the “Company”) is pleased to announce that at the meetings of the shareholders of Patagonia Gold PLC (“Patagonia”) held earlier today in connection with the recommended share for share exchange offer (the “Offer”) by Hunt for the entire issued and to be issued share capital of Patagonia, all resolutions were duly passed by the requisite majorities.

Completion of the Offer remains subject to the satisfaction or waiver of the other conditions set out in the Scheme Document mailed to the shareholders of Patagonia, including the sanction of the Scheme by the court and the delivery of a copy of the court order to the Registrar of Companies.

It is currently expected that the Court Hearing to sanction the Scheme will take place on 19 July 2019. Subject to the Scheme receiving the sanction of the Court and the satisfaction or waiver of the other Conditions, the Scheme is expected to become effective on 22 July 2019.

The Company also advises that Patagonia has made the Company aware of two net smelter royalties that are payable on the Calcatreu property owned by Patagonia, being a 2.5% NSR royalty on the Nabel, Nabel 4 and Rebeca property, granted in favour of Franco-Nevada Corporation, and a 1.25% NSR royalty on the Calcatreu Property in favour of Maverix Metals Inc. Further information on Patagonia and its mineral resource properties can be found in the Filing Statement of the Company dated May 30, 2019 prepared in connection with the Offer, and filed on SEDAR.

For more information, please contact:

Dean Stuart

Investor Relations T: (403) 617-7609 E: [email protected]

Bob Little

Chief Administration Officer T: (509) 290-5659 E: [email protected]

Cautionary Statements and Forward Looking Information

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot

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close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Hunt Mining Corp. should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements relating to the Proposed Transaction that are not historical facts. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Assumptions, risks and uncertainties include, among other things, the risk that the Proposed Transaction will not be completed or that the necessary approvals and/or exemptions are not obtained or some other condition to the closing of the Proposed Transaction will not be satisfied, the risk that the UK Court does not sanction the Scheme in a timely manner, if at all, the risk that closing of the Proposed Transaction could be delayed if Hunt and Patagonia are not able to obtain the necessary approvals on the timelines planned, the risk that the timing of obtaining required approvals, closing conditions for the Proposed Transaction, state of the economy in general and capital markets in particular, investor interest in the business and future prospects of Hunt and Patagonia will not occur in a timely manner, if at all, and may cause actual results, performance or achievements to be materially different from those implied by such assumptions, risks and uncertainties.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, Hunt and Patagonia disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Hunt and Patagonia undertake no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.