The molybdenum assets held by American Molygold Corp

Jacobs Assay will be running the Company's core samples as apriority project, with the first assay results expected before the end ofJanuary 2009.3. COMPANY SHARE STRUCTURE:The Company recently increased its Authorized Share Capital to facilitateany deals and acquisitions which may be offered to the Company. TheCompany has not issued any additional shares of its Common Stockwhatsoever. The amounts of the Company's outstanding shares reflected onthe OTC Pink Sheets web site are constantly updated and are correct.The Company has received a large number of enquiries in respect of aReverse Split of the Company's stock. This will not be effected by theCompany whatsoever and the Company's Management consider that a ReverseSplit of the Company's Common Stock is highly detrimental to stockholderinterests.Stockholders may rest assured that no Reverse Split is being effected bythe Company whatsoever.4. WEB SITE & INVESTOR RELATIONS:The Company has completed the Corporate web site but is awaiting thecompletion of certain very critical reports and valuations which arerequired to be placed on that web site; this is not expected to delay usfor much longer.As promised, the Company has appointed Investor Relations companies whowill deal with (a) an aggressive awareness campaign for the Company and(b) deal directly with stockholders. These companies will commence uponthe launch of the web site and upon receipt of the critical valuation andMining data reports.5.

PURCHASES OF STOCK BY THE JOINT VENTURE COMPANY:The Joint Venture Company has acquired and continues to acquire shares ofthe Company's stock in the market. A full scale buying programme by the JVwill commence upon the launch of the Company's web site. This is to ensurethat all stockholders are in possession of all of the facts; therebyallowing to decide whether to buy, hold or sell the shares of theCompany's stock. SALE OF THE COMPANY'S MOLYBDENUM INTERESTS:The Company announced on November 14, 2008 the sale of its "Molybdenum"interests held through its subsidiary company, American Molygold Corp.The sale amount is US$620 million to be settled in shares of Common Stockof a USA quoted Company focussed exclusively on the business ofMolybdenum. The sale will be completed upon the transfer of title of thevarious claims held by American Molygold Corp., to the Purchaser.This transaction will be completed by late January 2009.As announced on August 15, 2008, the Company announced that it intends todistribute all of the proceeds from the sale of American Molygold Corp toits stockholders; upon receipt of these proceeds. The Company does not need to placeany shares for cash, nor does it need to retain any of the proceeds fromthe sale of American Molygold Corp.; as it is funding the exploration ofits Gold Mining interests through traditional Bank Mortgage Finance.Molybdenum has become very important as demand for moly is tied to demandfor steel used in the petroleum industry (e.g. drill pipe, pipelineconstruction), which will benefit from accelerated petroleum explorationand development in an era of high oil prices.The molybdenum assets held by American Molygold Corp.

and disposed of byyour Company; are as follows:American MolygoldThe American Molygold property is in the Cherry Mining District in YavapaiCounty, Arizona approximately 10 miles from Jerome. There is alarge, partially stripped gold-bearing zone of alteration with vein letsof copper and molybdenum mineralization that has been interpreted asbeing the outer layer or shell of porphyry copper / moly mineralizationon the eastern portion of the claims. The vein systems may warrantunderground development and there is potential for an open pit low goldcontent target with associated moly and base metals production.Rochester MolygoldThe Rochester Molygold property is in the Rabbit Mining District inMadison County, Montana, approximately 30 miles from Butte and comprisesapproximately 2,250 acres. The project includes a majority of the formerFMC Gold project, which reported an 850,000 ounce gold resource It alsoincludes the former US Steel moly project. This is also a Precambriandeposit with the gold found in well defined veins that strike north ornortheast and dip steeply west, usually associated with granite dikes.Additionally, there are placer gold workings along Rochester Creek, and apossible method of mining would use water from dewatering the undergroundworkings for placer mining downstream. The moly is found in a Precambrianquartz monzonite stock, which is altered to a greisens-like vuggyaggregate of muscovite, quartz, and clots and disseminated grains ofpyrite and molybdenite, as well as quartz veins containing same.7. DUAL LISTING OF THE COMPANY'S STOCK IN EUROPE:The Company confirms that it will be proceeding with the listing of theCompany's shares of Common Stock on a European Stock Exchange; as well ason the US OTC Pink Sheets Market.

The Company has been working on thisstrategy with European Brokers and this plan will be coupled with theseBrokers purchasing a substantial quantity of the Company's shares in theOpen Market.The Company will very shortly be quoted on the OTC Pink Sheets and on aEuropean Stock Exchange. This would bring in a substantial amount of newinvestors and introduce the Company to European markets. Stockholderswould be free to trade their stock in either US Dollars or in Euros.The Company is proceeding with its planned strategy of becoming"Reporting" with the SEC with a planned move thereafter; to the OTC BBmarket in the United States.The Dual listing of the Company's shares of Common Stock in Europe willsignificantly reduce the "free float" of the Company's shares ofoutstanding stock in the United States as this Dual Listing will becoupled with a placement of these "free trading" shares with variousEuropean brokerage Houses.The Company's European Corporate Finance Advisors and Brokers areconfident that this will be achieved in January of 2009.ABOUT HUNT GOLD CORPORATIONHunt Gold Corporation is a Gold Mining & Exploration Company focused onthe development and exploration of its Gold properties, namely"Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "LadyAlde," "Lookout Silver," "Starlight," "American Flag," "Venezia,""Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." TheCompany has completed the sale of its "American Molygold" interests andwill be distributing the entire sale proceeds through a Stock Dividend toits stockholders, this to be announced in January of 2009.This release contains "forward-looking statements" within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E theSecurities Exchange Act of 1934, as amended and such forward-lookingstatements are made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. A week ago the New Orleans Saints signed former Ravens cornerback Chris McAllister. Now according to Adam Scheftler of ESPN, the Saints are looking to add even more experience in the secondary.Scheftler is reporting that the Saints are planning to sign, or should I say re-sign, cornerback Mike McKenzie. McKenzie has been recovering from a knee injury that kept him out of the last nine games last season.The Saints are without their starting cornerbacks Tracy Porter and Jabari Greer, and are also missing Randall Gay and Leigh Torrance. Greer will play next week, but the status of Tracy Porter is still up in the air.