Uranium Hunter Completes Payment on Eagle Nest Mining Property in the Bouse Mining District



    TORONTO, June 30 /CNW/ -- Uranium Hunter Corporation (OTC Bulletin Board:  
URHN) announced today it has completed its final payment on the Eagle Nest
Mining Property in La Paz County, Arizona.

    Mr. Calabrigo, President, stated, "By virtue of this payment the Company
can now move forward and plan its summer work program on the property. We
anticipate commencing work on the property in short order." He further stated,
"The Bouse Mining District has a long established history of producing
profitable gold mining operations." He cited Cyprus Gold where they profitably
mined over 500,000 ounces of gold from their Copperstone open pit resource
during the 1980's, which based on today's gold price is valued at over
$470,000,000.

    In a separate matter, The Company is also in the final stages of
assembling a technical team to explore various opportunities for additional
expansion into the gold mining arena in South America, specifically, Ecuador
and Peru. The sole purpose of this exercise Mr. Calabrigo stated, "Is to
increase the asset base of the Company and maximize shareholder value."
    

    About Uranium Hunter
    
    Uranium Hunter Corporation is an exploration company primarily targeting
the uranium and precious metal industries in the resource sector.  Initially,
the Company was founded with the focus of developing a portfolio of quality
uranium exploration properties in East Africa.  With the recent shift in
economic conditions, Management has decided to diversify the Company's
interest to include the precious metals industry. www.uraniumhuntercorp.com
    

    Safe Harbor
    
    This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of 1933
and the Securities Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements regarding
the intent, belief or current expectations of Uranium Hunter Corporation and
members of its management as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. Important factors currently
known to management that could cause actual results to differ materially from
those in forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete before-mentioned
transactions. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
    




    




For further information:

For further information: Reno J. Calabrigo, President of Uranium Hunter
Corporation, +1-416-915-4257, info@uraniumhuntercorp.com Web Site:
http://www.uraniumhuntercorp.com

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URANIUM HUNTER CORPORATION

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