Vancouver, British Columbia, November 13, 2009 - Global Hunter Corp. (TSX.V: BOB) provides an update to its news release of November 6, 2009 announcing a new non-brokered private placement. As the temporary price relief provided by TSXV expired on September 30, 2009, the Company must now offer its shares at market price. The Company is, therefore, pleased to announce it has arranged a non-brokered private placement of up to 40,000,000 Units at the price of $0.05 per Unit to raise gross proceeds of up to $2,000,000. Each Unit will consist of one common share and one nontransferable share purchase warrant. Each warrant will be exercisable to acquire one additional common share of the Company for $0.10 for two years after closing.

All shares comprised in the Units and any shares issued on exercise of the warrants will be subject to a four month hold period. On closing, the Company will pay a finder's fee in respect of the private placement in accordance with TSX Venture Exchange policies. The proceeds from the private placement will be used to satisfy the Company's indebtedness to Verona Development Corp. and for general working capital. This financing is subject to TSX Venture Exchange approval.

No new insiders and no control persons will be created as a result of the private placement. All shares comprised in the Units and any shares issued on exercise of the warrants will be subject to a four month hold period. On closing, the Company will pay finder's fees in respect of a portion of the private placement in accordance with TSX Venture Exchange policies.

ABOUT GLOBAL HUNTER CORP.

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 and CEO

Contact: Investor Relations 604-681-4653
Email: info@globalhunter.ca or visit our Website: www.globalhunter.ca

Neither the 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.