Corporate Update

Liberty Lake, Washington, March 8, 2010 - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) today announces that it has received acceptance from TSX Venture Exchange to enter into an agreement to purchase a portion of a loan owing from Cerro Cazador S.A. (“CCSA”), a wholly owned subsidiary of the Corporation, to Hunt Mountain Resources Ltd., a corporation controlled by the Corporation’s Chairman and Chief Executive Officer. The Corporation will acquire a portion of the loan totaling US$700,000 at a 3% discount to the originally loaned amount. The total acquisition cost is therefore US$679,000. Due to Argentine banking regulations, acquiring the loan in this way allows the Corporation to retain more working capital than if CCSA paid the loan back directly to HuntMountain.

An agreement establishing the loan from HuntMountain to the Corporation was effected in June of 2009. The purpose of the loan was to finance CCSA’s ongoing operations while the Corporation’s management was working on the Qualifying Transaction and concurrent financing transactions that closed on December 23, 2009.

About Hunt Mining Corp.

Hunt Mining Corp. is a mineral exploration and development company carrying on exploration operations and owning properties in Argentina through its wholly owned subsidiary Cerro Cazador S.A. CCSA holds interests in six mineral exploration properties, La Josefina, Bajo Pobre, El Gateado, El Overo, El Alazan and El Tordillo, all located in Santa Cruz province, Argentina. Additional information can be viewed at www.huntmining.com

For further information please contact

Dean Stuart T : (403) 517 2270 E: [email protected]

Bryn Harman, CFA Chief Financial Officer T: (509) 892-5287 E : [email protected]

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