Replies to post #4028 on Hunt Gold Corporation (HGLC)

[Ben Carn]

Well, KJB...At the least, they did say that the transaction for selling one of their properties has been confirmed. see the following:

NEW YORK, NY -- (MARKET WIRE) -- 07/16/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that the Company has agreed the terms of the sale of its "American Molygold" Mining & Exploration interests.

The proceeds from the sale of these "Molygold" interests are to be immediately upon the Company's receipt; be utilized to effect a substantial share buyback of the Company's "free float" of Common Stock.

This much is true. The question remains with the following statement.

The Company plans to expend as much as US$10 million on its stock repurchases.

When will this take place, and will it all be at once? Will it be over the course of weeks or months? The first statement above says that it will happen immediately upon the Company's receipt of the proceeds from the Molygold sale.

If they would simply give us a date for this to begin and an estimated date that they plan to complete the buy back, many would be more than happy to just sit on the shares.