Gold Hunter Resources Inc. announced a significant expansion of its mineral claim holdings in the Baie Verte Peninsula, Newfoundland with the arm's length acquisition of a 100%- interest in five separate properties. The Acquired Properties are all adjacent to HUNT's Rambler Project, which initially spanned 5,085.4 hectares. With the acquisition of the New Properties, the area now held by HUNT encompasses a total of 17,227.97 hectares, representing a 239% expansion of the original area of the Rambler Project.

The region is renowned for its rich mining history and diverse mineral resources including copper, zinc, and gold, and is now largely consolidated under a single operator for the first time. Each of the purchase agreements for the Acquired Properties were dated July 12th, 2023, and are expected to close within ten days ("Closing"), subject to applicable regulatory approvals. All common shares of the Company issued in connection with the purchase agreements set out below are subject to a statutory hold period of four months and a day from Closing.

Puddle Pond: Painted Dory & Woodstock Projects The Company has entered into a property purchase agreement (the "Puddle Pond Agreement") with Puddle Pond Resources Inc. ("Puddle Pond") under which HUNT has agreed to acquire a 100% interest in 371 mineral claim licenses comprising the Painted Dory and Woodstock projects (the "Puddle Pond Property") in consideration for the issuance of 750,000 common shares and the payment of $75,000 to Puddle Pond or their nominees. The shares and cash will be issued to Puddle Pond as follows: half of the shares and cash on Closing, with the other half of the cash due within 90 days of Closing, and the other half of the shares to be issued on the date that is four months and a day from Closing. Puddle Pond will retain a 2% net smelter returns royalty (NSR) on the Puddle Pond Property.

The Company holds the right to buy back 50% of this NSR at any time for $1,500,000. In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer of the NSR by Puddle Pond. The Company has entered into a property purchase agreement (the "Marwan II Agreement") with a vendor group consisting of Aubrey Budgell, Donna Lewis, Mark Stockley, Triassic Properties Ltd., Paul Delaney, Rebecca Heathcote, Stephen Stockley Agriculture and Fabrication Inc. (SSAF Inc) and Rod Power (collectively, the "Marwan Vendors") under which HUNT has agreed to acquire a 100% interest in 43 mineral claim licenses (the "Marwan II Property") in consideration for the issuance of a total of 850,000 common shares to the Marwan Vendors (the "Marwan Shares").

The Marwan Shares will be issued to the Marwan Vendors in two tranches according to the table below: half on Closing, with the other half due on the date that is four months and a day from Closing. HUNT has also agreed to reimburse Nidon Enterprises Ltd. $15,000 for expenses associated with the Marwan II Property within 90 days of Closing. The Marwan Vendors will retain a 2% net smelter returns royalty (NSR) on the Marwan II Property, divided among the Marwan Vendors over three separate royalty agreements applying to the various claims comprising the Marwan II Property.

The Company holds the right to buy back 50% of each NSR at any time for $1,000,000. In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer by the Marwan Vendors of each NSR. The Company has entered into a property purchase agreement (the "Planet X Agreement") with a vendor group consisting of Neal Blackmore, Bill Kennedy, G2B Gold Inc. (G2B) and Grassroots Prospecting & Prospect Generation Inc. (Grassroots) (collectively, the "Planet X Vendors") under which HUNT has agreed to acquire a 100% interest in 28 mineral claim licenses (the "Planet X Property") in consideration for the issuance of 1,200,000 common shares to the Planet X Vendors (the "Planet X Shares") on Closing. The Planet X Vendors will retain a 2% net smelter returns royalty (NSR) on the Planet X Property.

The Company holds the right to buy back 50% of the NSR at any time for $1,000,000. In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer of the NSR by the Planet X Vendors. The Company has entered into a property purchase agreement (the "Snook Agreement") with R. John Snook and Alexander S. Duffitt (collectively, the "Snook Vendors") under which HUNT has agreed to acquire a 100% interest in 26 mineral claim licenses (the "Snook Property") in consideration for the issuance of 75,000 common shares to each of the Snook Vendors at Closing, and the payment of $7,500 to each of the Snook Vendors within 90 days of Closing.

The Snook Vendors will retain a 2% net smelter returns royalty (NSR) on the Snook Property. The Company holds the right to buy back 50% of the NSR at any time for $1,000,000. In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer of the NSR by the Snook Vendors.

Hicks Claim Package The Company has entered into a property purchase agreement (the "Hicks Agreement") with Darrin Hicks ("Hicks") under which HUNT has agreed to acquire a 100% interest in 4 mineral claim licenses (the "Hicks Property") in consideration for the issuance of 125,000 common shares to Hicks at Closing, and the payment of $10,000 to Hicks within 90 days of Closing. Hicks will retain a 2% net smelter returns royalty (NSR) on the Snook Property. The Company holds the right to buy back 50% of the NSR at any time for $1,000,000.

In addition, the Company holds a right of first refusal in connection with any proposed sale or transfer of the NSR by Hicks.