Vancouver, British Columbia, December 2, 2009 -- Global Hunter Corp. (TSX.V: BOB) is pleased to announce that it has successfully completed a $2 Million non-brokered private placement consisting of 40,000,000 units at $0.05 per unit. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share at the price of $0.10 for two years from closing.

Finders' fees in connection with the private placement were paid in accordance with the policies of the TSX Venture Exchange. All shares comprised in the units and all shares acquired pursuant to any exercise of warrants will have a four month hold period expiring on April 2, 2010.

The proceeds from this financing will be used to satisfy the Company's indebtedness to Verona Development Corp. and for general working capital.

Global Hunter's principal project is the La Corona de Cobre property, located 70 km north of La Serena, Chile, along the Pan American Highway, within the coastal belt of the Andean Cordillera. The program at the property has focused on further defining the resource and economics of Las Posadas deposit. In addition to La Corona de Cobre, the Company has its Rabbit South molybdenum project in south-central British Columbia, Canada.

On Behalf of the Board of Directors

GLOBAL HUNTER CORP.

Signed "Rod Husband"

Rod Husband, P.Geo
President

Contact:

Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@globalhunter.ca or visit our Website: www.globalhunter.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.