Vancouver, British Columbia--(Newsfile Corp. - April 12, 2024) - GOLD HUNTER RESOURCES INC. (CSE: HUNT) (the "Company" or "Gold Hunter") is pleased to provide an important update regarding the distribution (the "Distribution") of shares (the "FireFly Shares") of FireFly Metals Ltd. (ASX: FFM) ("FireFly") to Gold Hunter's shareholders (the "Shareholders"). This update details the steps the Company is taking to facilitate the Distribution.

Court Affidavit and Distribution Process

On April 8th, 2024, the Company filed a Petition to the Court, Notice of Hearing (For Final Order), and the 1st Affidavit of Sean Kingsley, the President and Chief Executive Officer of the Company, with the Supreme Court of British Columbia (together, the "Court Materials") in connection with the Distribution by way of a statutory plan of arrangement (the "Arrangement") under section 288 of the Business Corporations Act (British Columbia). Pursuant to the Notice of Hearing, the hearing for the final order to obtain court approval (the "Court Approval") for the Arrangement, will take place on April 24th, 2024. Subject to the Company receiving the Court Approval, the Company will announce the record date (the "Record Date") for the Distribution following the hearing on April 24th, 2024. The Court Materials are available on the Company's SEDAR+ profile at www.sedarplus.ca

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