August 13, 2008
Press Release 08-12

HuntMountain Drilling Extends High-Grade Zone at La Josefina
Gold-Silver Project

(Spokane, WA) HuntMountain Resources (OTCBB: HNTM) (Frankfurt: MPT) announced additional high-grade assays from its ongoing diamond core drilling program at the La Josefina gold-silver project in Santa Cruz Province Argentina.  Drilling at the “Veta Sur” target has identified an extension of the mineralized zone which remains open at depth and along strike to the south.  Substantial copper, lead, and zinc values have been returned as well, representing a new base metal oreshoot previously unrecognized by historical drilling.  Significant assays include:

"These latest assays from the Veta Sur target are highly encouraging and illustrate the opportunities for increasing shareholder value through base metal potential,” said Matt Hughes, Executive Vice President and COO.  “Veta Sur is the southernmost vein system identified within the broader Veta Norte zone which includes the high-grade Veta Amanda system.  The latest results show increasing continuity of precious metal mineralization and outstanding levels of copper and lead occurrences within the high-grade gold-silver intercepts.  HuntMountain’s earlier drilling at Veta Sur also returned significant base metal grades, and a full analysis of base metal potential at La Josefina is currently underway.”

HuntMountain has drilled over 20,000 meters including 122 holes across the Veta Norte, Sinter, and Central zones at La Josefina since November 2007.  A complete table of drill results can be obtained at www.huntmountain.com on the La Josefina project page and within the NI 43-101 Technical Report.

Certified sample preparation, gold and silver fire assay, and 28 element ICP analysis were carried out by ALS Chemex in Mendoza, Argentina and La Serena, Chile. 

All current and previously-released drill results from the Veta Sur target greater than 1 g/t gold or greater than 1% copper, lead, or zinc are included in the table below:

HOLE NUMBER

From (m)

To (m)

Interval (m)

Au g/t

Ag g/t

Cu%

Pb%

Zn%

SVN-D07-004

23.15

24

0.85

8.22

2.3

0.006

0.168

0.038

24

26

2.00

1.14

0.8

0.004

0.121

0.028

30

31

1.00

2.12

2.2

0.005

0.301

0.018

41

41.77

0.77

2.81

129

0.123

0.374

0.135

41.77

42.65

0.88

19.9

2100

0.413

0.646

0.138

42.65

43.3

0.65

16.55

537

0.627

0.147

0.111

62.5

63

0.5

0.106

12.1

0.032

1.000

0.132

74.5

75

0.50

0.492

33.5

0.021

4.830

0.078

75

76

1

0.132

7.5

0.030

1.180

0.151

111

111.75

0.75

0.113

4.1

0.018

0.708

2.310

138

140

2

0.114

10.6

0.060

1.190

1.390

SVN-D07-005

62

62.7

0.70

3.08

15.8

0.019

0.464

0.101

99.8

100.3

0.5

0.184

22.9

0.066

0.819

1.450

100.3

101.15

0.85

8.36

16.3

0.034

0.995

0.313

101.15

101.7

0.55

0.11

6.8

0.022

1.080

0.542

101.7

102.2

0.50

0.993

16.7

0.250

1.730

0.046

102.2

102.7

0.50

3.75

52.8

0.209

5.420

0.921

103.2

103.7

0.5

0.443

9.6

0.101

1.320

0.590

107

109

2

0.146

20.7

0.021

1.540

0.542

SVN-D07-006

6

6.5

0.50

2.45

29.8

0.048

0.125

0.097

6.5

7

0.50

2.5

130

0.137

0.677

0.201

9

9.5

0.50

2.8

84.8

0.091

0.347

0.082

32

32.5

0.50

1.83

54.9

0.026

0.197

0.084

32.5

33

0.50

1.69

29.8

0.020

0.187

0.100

SVN-D07-007

33.9

34.75

0.85

1.375

4

0.027

0.262

0.034

99.7

100.3

0.60

4

157

2.650

0.637

0.297

100.3

100.85

0.55

2.03

70.8

0.185

0.324

0.179

SVN-D07-013

2

3.75

1.75

0.445

1.2

0.011

1.650

0.059

78.6

79.1

0.50

0.188

42.7

0.128

6.150

4.430

109.75

110.25

0.50

0.104

72.9

0.048

6.780

1.360

SVN-D08-048

96

96.4

0.40

0.125

61.4

0.068

4.130

0.253

97.4

97.9

0.50

0.256

139

0.123

7.070

0.424

100.9

101.35

0.45

0.241

218

2.500

12.450

0.111

101.35

101.9

0.55

1.12

623

0.150

30.000

0.363

101.9

103

1.10

0.227

22.7

0.030

1.710

0.182

104

104.65

0.65

6.5

1825

2.430

19.600

0.067

106

107

1.00

1.045

23.6

0.057

0.489

0.132

SVN-D08-049

27.3

27.85

0.55

2.15

76.2

0.096

0.746

0.114

SVN-D08-050

65.8

66.95

1.15

1.455

5.1

0.094

0.073

0.075

SVN-D08-051

78.3

78.7

0.4

1.225

2.2

0.010

0.237

0.115

81

81.6

0.6

1.22

2.1

0.008

0.315

0.391

85.5

86.15

0.65

1.14

2.9

0.014

0.187

0.169

148

148.8

0.8

1.62

221

0.224

10.100

0.116

SVN-D08-127

125.1

125.65

0.55

1.015

10.2

0.126

0.142

0.071

125.65

126.07

0.42

5.75

185

5.08

0.132

0.045

126.07

126.4

0.33

2.63

224

10.15

0.043

0.049

126.4

126.8

0.40

2.88

349

19.75

0.089

0.058

126.8

127.2

0.40

4.57

229

3.98

0.417

0.152

128.8

129.2

0.40

1.215

142

2.37

0.741

0.220

129.2

129.7

0.50

1.605

78

1.68

0.87

0.136

SVN-D08-132

70

70.5

0.50

1.07

17.6

0.255

0.702

0.193

70.5

71

0.50

4

249

2.68

0.921

0.342

71

71.5

0.50

7.8

682

3.08

7.49

0.048

71.5

72

0.50

3.36

794

8.63

1.34

0.070

72

72.5

0.50

0.801

60.7

0.347

1.29

0.156

72.5

73

0.50

2.54

87.9

0.705

1.52

0.193

73

73.5

0.50

1.11

69.9

0.592

1.21

0.084

73.5

74

0.50

4.63

764

9.88

0.397

0.034

74

74.5

0.50

4.72

525

6.61

1.98

0.039

74.5

75

0.50

1.65

604

2.07

3.94

0.131

75

75.5

0.50

0.611

18.4

0.651

3.15

0.115

75.5

76

0.50

0.906

16

0.152

1.51

0.197

76

76.5

0.50

6.46

254

4.8

4.9

0.354

76.5

77

0.50

10.65

315

4.58

3.83

0.325

77

77.5

0.50

0.778

31.8

0.175

0.944

0.200

77.5

78

0.50

0.657

20.9

0.194

1.26

0.290

78

78.5

0.50

0.636

22.6

0.132

2.15

0.213

78.5

79

0.50

3.69

252

0.126

5.4

0.181

79

80

1.00

0.567

35.9

0.229

1.37

0.132

80

81

1.00

0.657

5.3

0.049

0.645

0.256

*Gold equivalent grade was calculated by dividing the silver assay result by 56.27 and adding it to the gold value. Gold and silver values reflect prices on 8/8/2008.  Troy ounces/short ton was calculated by dividing grams by 34.29 and rounding to 2 decimal places. Interval calculations are based on a weighted average using a 1.00 g/t cutoff value.

HuntMountain Resources is a U.S.-based junior exploration company engaged in acquiring, exploring and developing precious and base metals properties throughout North and South America. The Company currently controls and operates projects in Santa Cruz Argentina, Chihuahua Mexico, Nevada USA, and Quebec Canada.

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not even be anticipated. This news release is neither a prospectus nor an offer to sell securities or stocks in the company. It is intended for informational purposes only.

FOR FURTHER INFORMATION PLEASE CONTACT:
Steve Taylor, Vice President of Corporate Development
HuntMountain Resources
(509) 892-5287
staylor@huntmountain.com
www.huntmountain.com