January 16, 2007
Press Release 07-02

HuntMountain Announces Positive Drill Intercepts at Its Dun Glen Nevada Property

(Spokane, WA) HuntMountain Resources (OTCBB: HNTM) has received the assay results from core holes drilled on its Dun Glen Gold property in Pershing County, Nevada during the fourth quarter of 2006. Each of the four holes completed before the winter hiatus intersected significant widths of strongly anomalous precious metal mineralization.

With less than one half of the planned diamond core program completed, winter conditions forced a suspension of operations. The program, scheduled to resume in the spring of 2007, was initially designed to test approximately 25% of the drill targets defined during the 2006 exploration season. Completed holes were drilled from 3 separate sites spread over 7,000 feet of strike-length along the known gold and silver bearing system.

Significant five foot assay intervals included: 2.73 g/t gold in DG-06C-001, 1.23 and 3.18 g/t gold in DG-06C-002, and 1.77, 1.25, 0.94, 0.98, 2.21, and 1.87 g/t gold in DG-06C-004. Gold spikes seen in DG-06C-004 and DG-06C-002 fell within broader mineralized halos of 155 feet grading 0.34 g/t gold and 75 feet grading 0.45 g/t gold respectively. Significant silver was also intersected in DG-06C-002 with individual five foot assay intervals returning 20.1, 26.5, 23.5, and 24.7 grams per ton.

“We are very encouraged by the results we have seen so far,” stated Randy Hardy, President of HuntMountain.  “It is incredible that so few, widely spaced holes were successful in cutting potentially economic gold grades.  This suggests that we are dealing with an extensive gold system of considerable size and strength.”

Kettle Drilling carried out the initial diamond core program, while samples were prepared and assayed in Winnemucca and Reno by ALS Chemex. The Dun Glen Gold Project consists of a 1,700-acre claim block within the Sierra Mining District, an area with historic published production of more than 250,000 ounces of gold from lode and placer sources. The project lies 25 miles southwest of Winnemucca and 21 miles north of the Florida Canyon Mine.

HuntMountain Resources is a U.S.-based junior exploration company engaged in acquiring, exploring and developing precious metal properties throughout North and South America.  The Company is currently exploring prospective gold properties in Nevada, Québec, and Santa Cruz Province, Argentina.

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:
Jonathan Smith, Investor Relations Manager
HuntMountain Resources
(509) 892-5287
jsmith@huntmountain.com
www.huntmountain.com