HUNT Mining Reports US $1.65 Million First EVER Net Income with Filing of 2017 Year End Financials
Hunt Mining Corp. ◊23800 E. Appleway Ave. ◊ Liberty Lake WA. 99019 ◊ (509) 290-5659
HUNT MINING REPORTS US $1.65 MILLION FIRST EVER NET INCOME WITH
FILING OF 2017 YEAR END FINANCIALS
Liberty Lake, Washington, USA April 17, 2018 - Hunt Mining Corp. ("Hunt" or the "Corporation")
(TSXV: “HMX” OTC: “HMXZF”) is pleased to announce t he filing of its year-end financial results
(“Financials”) for the period ending December 31, 2 017. The Corporation files its Financials in
accordance with US Generally Accepted Accounting Pr inciples (“GAAP”) on Form 10-K with the SEC
and on SEDAR subsequently.
In its Year End 2017 Consolidated Financial Stateme nts, Hunt Mining Corp. declared a Net Income of
$1,655,914 in the Corporation’s first year producin g income from its operations in Argentina. “We fee l
we have turned the corner. Generating income is now our principal objective, so we will continue to
explore, develop and mine our significant property package with that focus”, stated Executive
Chairman/CEO, Tim Hunt.
Final Results for the Year Ended 31 December 2017
Hunt Mining Corp. is a mineral exploration and proc essing company incorporated on January 10, 2006
under the laws of Alberta, Canada and, together wit h its subsidiaries, is engaged in the exploration o f
mineral properties in Santa Cruz Province, Argentina. The Corporation remains focused on evaluating its
mining properties in Argentina, with near term pros pects of mining the La Josefina gold property and t he
continuation of production of silver-gold concentrate from the Mina Martha property. The Corporation is
also reviewing strategic opportunities, focusing primarily on development and operating properties.
The Corporation's presentation currency is the US Dollar.
Financial Highlights
• During the year ended December 31, 2017, the major source of funding was from sales of silver-
gold concentrate exceeding $9.2 million.
• For the year ended December 31, 2017 the Corporatio n generated a net income of $1,655,914, or
$0.03 per basic share, compared to a net loss of $3 ,109,074 or $0.05 per basic share, for the year
ended December 31, 2016.
• Working capital increase from 2016 to 2017 by $2,860,011
• The total assets increased by $2,460,200 primarily due to the continued restoration of the Mina
Martha plant
• The total shareholder’s equity increased from 2016 to 2017 by $1,777,057 due to the net income
less adjustments for other comprehensive income, and for stock options granted during 2017.
Hunt Mining Corp. ◊23800 E. Appleway Ave. ◊ Liberty Lake WA. 99019 ◊ (509) 290-5659
Ongoing production at the Martha Project is being u ndertaken without established mineral resources or
reserves and the Corporation has not established th e economic viability of the operations on the Marth a
Project. As a result, there is increased uncertai nty and economic risks of failure associated with t hese
production activities. However, a NI 43-101 compli ant technical report from 2010 exists for the La
Josefina project with Measured, Indicated and Infer red resources. The Ailin vein is part of this resou rce
estimate.
Klaus Triebel, Hunt Mining's director of project de velopment, is the qualified person under National
Instrument 43-101 who has approved the technical and scientific aspects of this press release.
Additional information on the Martha Project and ot her Santa Cruz, Argentina projects can be viewed on
the Corporation website at: www.huntmining.com .
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and aggressive explorer in Santa
Cruz since 2006, entering into production of silver and gold at the Mina Martha property in January 2017.
Since 2006, Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed exploration activity
including 62,000 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, beyond the
historical work previous to the same properties. Hunt also owns a 100% interest in the Martha property,
which includes the Martha Project, also located in the Santa Cruz Province of Argentina.
For more information contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
Bob Little
Chief Administration Officer
T: (509) 290-5659
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.
December 31, December 31, Change from prior year
2017 2016 Favorable (Unfavorable)
Net income (loss) for the year 1,655,914 $ (3,109,074) $ 4,764,988 $
Net loss per share – basic: 0.03 (0.05) 0.08
Net loss per share – diluted: 0.01 (0.05) 0.06
Working capital (5,308,822) (8,168,833) 2,860,011
Total assets 8,531,328 6,071,128 2,460,200
Total non-current liabilities 2,142,030 971,695 (1,170,335)
Total shareholders’ equity (1,544,661) (3,321,718) 1,777,057