Hunt Global Resources, Inc. (fka HGCO)

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http://huntglobalresources.com/news.html#news120611

Hunt Global Resources Plans 2012 construction of frac-sand processing plant in Conroe, Texas

Press Release Source: Hunt Global Resources Inc. On December 06, 2011 9:49 AM Eastern Time
HOUSTON—(BUSINESS WIRE)— Hunt Global Resources Inc. (OTCBB:HGCO) today announced it plans to build a 1-Million ton per year frac-sand mining and processing facility on its 350 acre site, located in Conroe Texas. The property contains approximately 21 million tons of marketable frac-sand.

“The current boom in oil shale drilling here in the South West, has created a resurging demand for local frac-sand” said George T. Sharp, CEO of Hunt Global Resources Inc. “We are currently in discussions with several large oil and gas service companies’, desiring to purchase frac-sand from the mine, once it’s in production”, Mr. Sharp continued.

“Texas frac sand, often referred to as “Brady” sand, has historically been undervalued by oil and gas drillers who used the more expensive Northern sands that can withstand the high pressures encountered while drilling thousands of feet below the surface.

However, Hydraulic fracturing in shallower depths, has made it possible for production companies to achieve greater efficiencies by using Brady sand that has a lower crush resistance, and is much less expensive, costing an average of $40 to $60 per ton compared to Northern White sand costing $80 to $150 per ton.

Hunt Global is well positioned to capitalize on providing both types of sands, as we are in the process of completing the necessary engineering and environmental studies required for permits that will allow mining on a 900 acre site located in Minnesota.

Hunt plans to begin mining that location, which contains approximately 100 million tons of marketable Northern White frac sand, once permits are issued,” concluded Mr. Sharp.

About Hunt Global Resources, Inc.:
Hunt Global Resources, Inc. (OTCBB: HGCO) is a natural resource & recycling company, focusing on specialty sands called “frac” sand, which is an essential component in the production of oil and gas. The Company’s current holdings include the mining rights to 350-acres in Conroe Texas, containing high-grade sand deposits and approximately 21-million tons, of high value frac-sand. Hunt also entered into an agreement that will allow the Company to acquire the mining rights to additional 900-acres of land containing an estimated 100-million tons of Northern White frac-sand, which is considered the premier sand in the industry. The Company’s holdings include a state-of-the-art 40-million gallon industrial biofuels manufacturing plant located near the Houston ship channel. Hunt intends to utilize the plant’s excess resources and capacity to support a frac-sand resin coating operation to further increase the value of its frac-sand holdings. Hunt also acquired Carbon Green NA, which is the only patented tire recycling process that recycles 100% of the components of scrap tires with a zero carbon footprint. Hunt has license agreements to distribute the technology in Europe, China and South America. Hunt plans to build up to 10-plants in North America. For more information please visit: www.huntglobalresources.com

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
PR Financial Marketing, LLC.
Jim Blackman, 713-256-0369
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