Hunt Gold Corporation (HGLC)

[19cougar73]

Hunt Gold Corporation -- Payment of Stock Dividends
Company to Now Proceed With Stock Dividend

* Friday January 30, 2009, 12:46 pm EST

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NEW YORK, NY--(MARKET WIRE)--Jan 30, 2009 -- Hunt Gold Corporation (Other OTC:HGLC.PK - News) confirmed on January 22, 2008 that it has completed the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.

Stockholders will be advised on Thursday, February 5, 2009 as to the "Record Date" and "Pay Date" of this Stock Dividend. This distribution will take place in February of 2009. Stockholders holding stock at the "Record Date" will be eligible for this Stock Dividend.

The sale amount is US$620 million to be settled in restricted shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum and on the Exploration and Mining of Rare Earths. This Company is being renamed at this time to that of Independence Strategic Minerals, Inc.

The Company confirms that it will be distributing all of the shares in Independence Strategic Minerals, Inc. Common Stock received from the sale of American Molygold Corp. to its stockholders; upon receipt of these shares of Independence Strategic Minerals, Inc. Common Stock.

The Company can confirm that it has not increased its number of outstanding shares of Common Stock whatsoever and all previously published valuations in respect of this Dividend remain unchanged.

Full details will be provided to stockholders in respect of Independence Strategic Minerals, Inc. on that date.