Hunter Resources : Interim Results to 30 June 2016

21 September 2016

Hunter Resources plc ("Hunter" or the "Company") (AIM: HUN)

Unaudited Half-Yearly Financial Results for the 6 Months to 30 June 2016 REPORT OF THE EXECUTIVE CHAIRMAN

I am pleased to announce the results for Hunter Resources plc ('Hunter' or the 'Company') for the six months ended 30 June 2016.

Hunter Resources plc ("Hunter" or the "Company") is currently suspended on AIM pending the satisfaction of the Rule 9 conditions imposed on the Company by AIM on its re-admission to trading in July 2014. The conditions are that the Company must acquire 51% of its Pampamali gold and base metals project in Peru (details on www.hunter-resources.com). Negotiations to conclude this acquisition and the transfer of the tenements into a new company are at an advanced stage. We anticipate that the Company's shares will return from suspension on completion of the acquisition and the transfer of the tenements. We expect to be able to give an update on this shortly.

The Company announced during the period that it had agreed a new financing facility of £100,000 with Marine Investments (WA) Pty Limited ("Marine"), its largest shareholder, to provide an interim funding facility (the "Facility") to the Company (see Note 4). The Facility came in two parts. The first part of the Facility (the "Initial Facility") involved a loan of £50,000 on terms as announced on 20 June 2016. The second part, which included rolling over the Initial Facility, into a convertible loan note, was subject to the approval by shareholders of certain resolutions relating to the share capital of the Company at the annual general meeting held on 12 July 2016. The terms of the second part of the Facility were also announced on 20 June 2016. As set out in that announcement the Facility is convertible into new ordinary shares in the Company at a price of 0.157 pence per ordinary share (being a 15% discount to the closing mid-market price on 14 June 2016) at any time up until maturity.

As announced the Facility was to satisfy the short-term general working capital requirements of the Company, but the Company will look to raise further capital during 2016. More details on this will be announced shortly.

Simon D Hunt Executive Chairman For further information, please contact: Hunter Resources PLC Simon Hunt (Chairman)

[phone]

www.hunter-resources.com

Allenby Capital Limited

(Nominated Adviser and Broker)

John Depasquale/Nick Harriss/Nick Naylor

[phone]

www.allenbycapital.com

CONSOLIDATED INCOME STATEMENT 6 months ended 30 June 2016 (Unaudited)

6 months

ended 30 June 2015

(Unaudited)

12 months

ended 31 December

2015

(Audited)

Note £'000 £'000 £'000

Administrative expenses (57) (95) (213) Investment revenues - - 3

Loss before taxation (57) (95) (210) Taxation - - -

LOSS FOR THE PERIOD (57) (95) (210) LOSS PER SHARE

Basic and diluted loss per share - pence 2 (0.04) (0.07)(0.16)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 6 months ended 30 June 2016 (Unaudited)

6 months

ended 30 June 2015

(Unaudited)

12 months

ended 31 December

2015

(Audited)

£'000 £'000 £'000

Loss for the period (57) (95) (210) Items that will be reclassified subsequently to profit or loss:

Foreign exchange translation differences (10) - (2)

Other comprehensive income for the year (10) - (2)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO OWNERS OF THE PARENT COMPANY (67) (95)(212)

All results derive from continuing operations.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION	30 June	30 June	31 December
2016 (Unaudited)	2015 (Unaudited)	2015 (Audited)
Note	£'000	£'000	£'000
ASSETS
Non-current assets
Exploration and evaluation assets	3	543	436	495
543	436	495
Current assets
Prepayments	11	11	7
Other receivables	9	25	6
Cash and cash equivalents	35	272	96
55	308	109
TOTAL ASSETS	598	744	604
LIABILITIES
Current liabilities
Loan notes	4	50	-	-
Trade and other payables	38	50	27
TOTAL LIABILITIES	88	50	27
NET CURRENT (LIABILITIES) / ASSETS	(33)	258	82
NET ASSETS	510	694	577
Share capital	5	2,170	2,170	2,170
Share premium	5,406	5,406	5,406
Currency translation reserve	458	470	468
Accumulated losses	(7,524)	(7,352)	(7,467)
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY	510	694	577

These Interim financial statements were approved by the Board of Directors and authorised for issue on 20 September 2016. Signed on behalf of the Board of Directors by:

Simon Hunt Director and Executive Chairman 21 September 2016

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	Currency
Share capital	Share premium	translation reserve	Accumulated losses	Total
£'000	£'000	£'000	£'000	£'000
Balance at 1 January 2015 (Audited)	2,170	5,406	470	(7,257)	789
Loss for the period - - - (95) (95) Total comprehensive income for the period - - - (95) (95)
Balance at 30 June 2015 (Unaudited)	2,170	5,406	470	(7,352)	694
Loss for the period Other comprehensive income: Exchange translation loss on foreign operations	- -	- -	- (2)	(115) -	(115) (2)
Total comprehensive income for the period	-	-	(2)	(115)	(117)
Balance at 31 December 2015 (Audited)	2,170	5,406	468	(7,467)	577
Loss for the period Other comprehensive income: Exchange translation loss on foreign operations	- -	- -	- (10)	(57) -	(57) (10)
Total comprehensive income for the period	-	-	(10)	(57)	(67)
Balance as at 30 June 2016 (Unaudited)	2,170	5,406	458	(7,524)	510