Hunt Mining Corp. Provides Details for the Recently Signed La

Hunt Mining Corp. Provides Details for the Recently Signed La
Valenciana Contract 
SPOKANE, WASHINGTON -- (Marketwire) -- 01/10/13 -- Hunt Mining Corp. 
("Hunt") (TSX VENTURE:HMX) is pleased to announce it has signed a new
agreement with Fomento Minero De Santa Cruz Sociedad Del Estado
("Fomicruz") for the La Valenciana project in Santa Cruz Argentina.
The La Valenciana project lies to the west of, and is contiguous to,
Hunt's La Josefina project. The La Valenciana project is also
contiguous to and north of the Joaquin Silver-Gold project, which was
recently purchased by Coeur D' Alene Mines Corp.  
The new agreement for La Valenciana has the following provisions:  


 
--  The exploration period is seven years and will end on October 31, 2019; 
    
--  Hunt through Cerro Cazador S.A. ("CCSA"), its 100% owned Argentine
    subsidiary, will make a total investment of at least USD$5,000,000 in
    exploration on the La Valenciana project; 
    
--  If Hunt elects to take the La Valenciana project into production, it
    must create a new corporation (the "JV corporation"), that will be 9%
    owned by Fomicruz; 
    
--  Upon completion of a final feasibility study on the La Valenciana
    project, Fomicruz will have a one-time-only 30 day option to elect to
    purchase up to an additional 40% of the JV corporation, which would
    bring its total ownership to 49%. If Fomicruz elects to exercise this
    option, consideration for its additional investment will be made
    according to the following schedule: 
    
    --  To purchase an additional 10% interest in the JV corporation,
        Fomicruz must reimburse Hunt for 10% of the exploration investment
        made by Hunt during the exploration period, bringing Fomicruz's
        total ownership interest in the JV corporation to 19%; 
        
    --  To purchase the next additional 10% interest in the JV corporation,
        Fomicruz must reimburse Hunt for 20% of the exploration investment
        made by Hunt during the exploration period, bringing Fomicruz's
        total ownership interest in the JV corporation to 29%; 
        
    --  To purchase a final additional 20% interest in the JV corporation,
        Fomicruz must reimburse Hunt for 25% of the exploration investment
        made by
 Hunt during the exploration period, bringing Fomicruz's
        total ownership interest in the JV corporation to 49%. 
        
--  Hunt, through its Argentine subsidiary, has the right to buy back any
    increase in Fomicruz's ownership interest in the JV corporation at a
    purchase price of USD$200,000 per each percentage interest owned by
    Fomicruz down to its initial ownership interest of 9%;  
    
--  Hunt has the right to purchase Fomicruz's initial 9% ownership interest
    of the JV corporation at a price to be negotiated by the parties. 

 
Matt Hughes, Hunt's President, stated; "We have been working on this
contract for the last three years and are excited to add this
prospective property block to our current portfolio of projects.
Management believes that the La Valenciana project and Hunt Mining's
other Santa Cruz, Argentina precious metals projects have continued
gold and silver exploration potential."  
About Hunt Mining 
Hunt Mining Corp. has been an active and aggressive explorer in Santa
Cruz since 2006. During that time, Hunt'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. Hunt
Mining has recently entered into an exploration agreement with
Eldorado Gold for exploration and development in the Santa Cruz
Province of Argentina. 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 Hunt'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 the
economic and production potential of its exploration projects, the
completion of a final feasibility study, the exercise by Fomicruz to
purchase additional interest in the new corporation, the exercise by
Hunt to purchase any or all of Fomicruz's interest in the new
corporation, . 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 Hunt'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 Hunt'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. Hunt
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. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Hunt Mining Corp.
Dean Stuart
Investor Relations
(403) 517-2270
dstuart@huntmining.com 
Hunt Mining Corp.
Matthew J. Hughes
President and CEO
(509) 290-5659
mhughes@huntmining.com
www.huntmining.com