Company Update

5 January 2017

Hunter Resources plc

("Hunter" or the "Company")

(AIM: HUN)

Company Update

Further to the announcement of 8 November 2016, the board of directors of the Company (the "Board") confirms that the admission to trading of its ordinary shares on AIM will be cancelled on 6 January 2017, having been suspended on 5 July 2016.

The Board has continued unsuccessfully so far in its attempts to reach a conclusion to the dispute regarding the Company's Pampamali joint venture project in Peru, details of which have previously been announced. The Board is considering future options in this matter. It does, however, continue to own the rights to the Prospero project.

The Board continues to actively investigate a number of new projects with the intention of obtaining a new admission to trading of its ordinary shares on AIM or some other exchange. These are still at an early stage. The Board is no longer pursuing the exploration project in East Africa mentioned in the announcement of 8 November 2016.

For further information, please contact:

ENDS