August 26, 2008
Press Release 08-14

HuntMountain Continues Run of High-Grade Results at La Josefina

(Spokane, WA) HuntMountain Resources Ltd. (OTCBB: HNTM) (Frankfurt: MPT) released the latest results from its ongoing diamond core drilling program at the La Josefina gold-silver project in Santa Cruz Province Argentina.  Assay results included 2.05 meters (6.73 feet) of 26.42 grams/tonne (g/t) (0.77 ounces/ton)(oz/t) gold equivalent* including 22.12 g/t (0.65 oz/t) gold and 265 g/t (7.73 oz/t) silver with 2.01% copper. Drilling has continued throughout the Argentine winter season, and the Company is receiving a steady stream of assays defining high-grade oreshoots within the Veta Norte and Sinter mineralized zones.  Additional significant values are listed below:

"Our persistence in the field at La Josefina is paying dividends with the consistent return of high-grade precious metal assays,” said Matt Hughes, Executive Vice President and COO.  “We have completed 25,000 meters of drilling since November 2007 and are continuing our dual track of resource definition and exploration of new prospective targets.  Assay results are pending from nearly half of the holes we’ve drilled, so there will be plenty of news for the investment community as we enter the fall season.”

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.

HOLE NUMBER

From (m)

To (m)

Interval (m)

Au g/t

Ag g/t

Cu%

Pb%

Zn%

SVN-D08-046

105.85

106.5

0.65

3.69

48.4

1.75

0.02

0.05

106.5

107

0.5

12.85

21

0.41

0.03

0.06

119.3

120

0.7

1.5

169

0.14

0.09

0.08

120

120.5

0.5

3.1

323

0.26

0.19

0.15

122

122.5

0.5

2.56

51.1

1.13

0.02

0.03

124.2

125

0.8

1.025

91.2

0.67

0.07

0.05

125

125.55

0.55

1.2

3.4

0

0.02

0.03

126.05

126.52

0.47

6.74

245

2.73

0.38

0.16

126.52

127

0.48

8.49

400

5.67

0.50

0.24

150.35

150.8

0.45

3.1

21.1

0.35

0.22

0.77

150.8

151.2

0.4

2.09

10.4

0.10

0.25

0.98

SVN-D08-047

121.1

121.8

0.70

3.63

56.6

0.20

0.24

0.08

122.7

123.3

0.60

16.95

73.8

0.57

0.06

0.01

150.4

151.4

1.00

2.3

6.6

0.16

0.03

0.03

158

158.8

0.80

5.31

26.2

0.36

0.03

0.42

SVN-D08-056

80.25

81

0.75

1.965

1.7

0.01

0.01

0.05

84

86

2

1.39

0.9

0

0

0.03

171.6

172.4

0.8

1.13

2.9

0.11

0.01

0.07

SVN-D08-057

140.8

141.2

0.4

36

499

1.73

0.38

0.20

141.2

141.6

0.4

6

493

3.38

1.66

0.86

141.6

142

0.4

71.1

357

5.12

0.72

0.38

142

142.85

0.85

0.121

4.1

0.03

0.08

0.04

SVN-D08-092

101.2

101.7

0.5

1.3

1

0

0.03

0.01

107.6

108

0.4

1.025

15.1

0.45

0.06

0.03

108

108.4

0.4

7.96

11.5

0.45

0.06

0

140.65

141.08

0.43

1.93

18.5

0.35

0.05

0.02

SVN-D08-094**

218.8

219.05

0.25

2.59

8.2

0.52

0

0.06

SVN-D08-120

7.1

8

0.9

4.29

22.2

0.05

0.26

0.01

8

8.4

0.4

10.7

55.2

0.03

0.19

0

15.78

16.23

0.45

3.18

36.2

0.06

0.16

0

16.23

16.7

0.47

1.58

33.6

0.06

0.13

0.02

16.7

17.25

0.55

1.975

69.2

0.10

0.24

0.02

22

22.5

0.5

5.24

11.1

0.07

0.33

0.03

SVN-D08-121

34.95

35.35

0.40

10.65

12.6

0.08

0.20

0

39.6

40.1

0.50

2.48

64.9

0.16

4.67

0

41.55

43

1.45

3.13

48.7

0.03

0.12

0.02

43.85

45.8

1.95

1.33

10.1

0.03

0.16

0.03

SVN-D08-125

78.5

79

0.5

0.657

36.3

0

4.09

0.26

133.5

134.5

1

0.357

96.8

0.01

0.58

0.20

135

136

1

1.285

17.1

0.03

0.46

3.04

147

147.5

0.5

1.065

30.8

0.08

3.99

1.57

150.3

150.7

0.4

2.9

917

0.23

9.24

0.88

150.7

151.15

0.45

25.3

1880

0.55

2.23

1.84

151.15

151.66

0.51

1.19

98.1

0.03

0.82

0.71

151.66

152

0.34

0.864

45.1

0.04

0.28

0.45

152

152.5

0.5

4.25

180

0.02

0.40

0.30

NORESTE

SSI-D08-109

53.45

54.1

0.65

4.7

9.3

0.03

0.11

0.04

100.3

100.7

0.4

1.26

12

0.02

0.04

0.03

SSI-D08-110

1

2.35

1.35

2.99

5.6

0

0.07

0.02

25.45

25.85

0.4

1.04

5.1

0.02

0.69

0.12

71.45

72.05

0.6

1.905

1.1

0

0.06

0.02

72.05

72.55

0.5

5.79

0

0

0.05

0.01

74.85

75.3

0.45

1.305

2.4

0

0.01

0.05

SSI-D08-116

87

87.9

0.9

2.8

0.9

0

0.07

0.03

90.4

91.5

1.1

2.14

1.7

0.03

0.10

0.06

*Gold equivalent grade was calculated by dividing the silver assay result by 61.62 and adding it to the gold value. Gold and silver values reflect prices on 8/22/2008.  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.
**Additional assay interval from previously reported drill hole.

HuntMountain Resources LTD. 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