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Hunter Bay Minerals Provides Suriname Update

Hunter Bay Minerals plc (HBY.V) announced that it has completed Phase One soil sampling at its Sela Creek Project in Suriname. A total of 917 soil samples have been collected over an area of 7 by 4 km encompassing the Central Ridge, Jons Pit-Texas Trend and Eastern Anomaly prospects. Samples have been submitted to The Assay Office (Suriname) and assay results are expected within four weeks.

Hunter Bay has also commenced a second phase of geological mapping and channel sampling of surficial open pits within the 5 km long Jons Pit-Texas trend, with a view to better defining drill targets for a first phase drilling program in Q1 2012. Channel sampling is, however, limited by flooding of abandoned pits and unstable pit walls and Hunter Bay estimates that to date it has only been able to access approximately 15 % of the known pits and artisanal workings. Moreover, accessible areas are generally between open pits and in this respect Hunter Bay has not been able to sample those areas mined preferentially by artisanal miners.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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