Global Hunter Corp.

Incorporated in 1998, the organization was operating as Auterra Ventures Inc. until changing its name to Global Hunter Corp. in February 2005. The mineral exploration company is involved in the acquisition, exploration and development of mineral properties with a primary focus on exploration properties demonstrating strong potential for hosting large scale ore bodies. Global Hunter is actively exploring several base metal and precious metal properties in Chile and Canada.

Corona de Cobre

During fiscal 2006, Global Hunter entered into an option agreement to acquire a 100% interest in 80 mineral claims located near La Serena, Chile for cash payments totaling US$760,298 by February 28, 2006, of which US$380,926 has already been paid, the issuance of one million shares by March 2, 2007, and incurring US$3 million in exploration and development expenditures by June 30, 2007.

The Corona de Cobre property covers 17,000 hectares and lies within the Coastal Belt of the Andean Cordillera of Chile, often referred to as the Chilean Iron Belt. The property contains a structure, referred to as Los Posadas, that has been traced for over 2,400 metres of strike length, averaging between 40 and 60 metres in width with copper oxide mineralization to an average depth of 140 metres.

Global Hunter received assay results from 14 reverse circulation drill holes totaling 2,838 metres at Las Posadas in early November 2005 which confirmed that the mineralized zone is consistent and continuous over significant lengths and widths and included an intersection of 2.2% copper over 16 metres. An additional five diamond drilling holes totaling 1,046 metres were also finished with one hole containing 104 metres of 0.86% copper including 14 metres of 3.387% copper. Management indicated that the drill program was successful in expanding the higher grade core of Las Posadas by 150 metres to the south and 50 metres to the north giving a strike length of 550 metres within the overall deposit length of 1,500 metres.

Rabbit North Property

In December 2002, the company entered into an option to earn a 100% interest in the Rabbit North copper and gold property 12 km southwest of the Afton copper/gold mine near Kamloops, B.C. Rabbit North is a 2,200 hectare block of mineral claims located 25 km southwest of Kamloops, B.C.

In January 2004, Global Hunter entered into a mineral property option agreement with Ballad Gold & Silver Ltd. (BGS:TSX-V) with regards to Rabbit North. Under the terms of the arrangement, Ballad has the option to earn up to a 70% interest in Rabbit North in consideration for the issuance of 200,000 common shares, exploration expenditures of $1 million and cash payments totaling $200,000 over four years. Ballad must issue a further 150,000 common shares after completing $600,000 in work to earn the right to acquire a 50% interest and a further 150,000 shares to acquire a 70% interest. The underlying option agreement provides Global Hunter with the option to acquire 100% of the property by issuing 300,000 shares, paying $245,000 cash and completing $1 million worth of work staged over five years.

Phase one of a diamond drilling program was concluded by Ballad at Rabbit North in July 2004 with seven holes being completed. Highlights included 0.30 grams per tonne gold and 0.41% copper over 16 metres and 0.20 grams per tonne gold and 0.27% copper over 32 metres. No reserves or resources have been delineated as yet. Historically, the past exploration campaigns at Rabbit North established the presence of widespread copper/gold mineralization. The best grades intersected from drilling conducted in 1997 included 15.4 grams per tonne gold over eight metres with the most significant interval having 27.6 grams per tonne gold over two metres.

Rabbit South Property

Under the terms of an agreement entered into in January 2004, the company was granted the sole and exclusive right and option to acquire a 100% undivided right, title and interest in and to the Rabbit South gold/copper property, located 20 km south of Kamloops, B.C. by issuing 300,000 shares, paying $300,000 in cash and completing $1.5 million worth of work staged over five years. The Rabbit South property is a southern extension of the copper gold alteration system at Rabbit North. Previous exploration at Rabbit South established the existence of a large body of molybdenum mineralization that is mainly hosted in the Roper Lake intrusive stock. Prior exploration on the property included drilling of 104 holes, 46 of which intersected significant molybdenum mineralization.

The company received results for 11 diamond drill holes totaling 2,390 metres in August 2005. A total of seven holes were drilled on the Roper Lake molybdenum prospect which were successful in intersecting significant molybdenum mineralization and four holes were drilled at the Target A prospect.

Whitehorse Copper Gold Property

In January 2005, Global Hunter entered into an option agreement with H. Coyne and Sons Ltd. to acquire a 100% interest in nine mining leases, 18 crown granted mineral claims and approximately 200 mineral claims near Whitehorse, Yukon. Under the terms of the agreement, the company must pay $300,000, issue one million common shares and expending $3.5 million in exploration over three years in order to acquire the property. The Whitehorse property covers a 30 km long belt of copper bearing mineral deposits and Global Hunter is currently making plans to perform exploration on the property.

Private Placement

In July 2005, the company completed a private placement of 3.5 million units at a price of $0.90 per unit raising gross proceeds of approximately $3.2 million. Each unit consists of one common share and one share purchase warrant entitling the purchaser to acquire one additional share for a period of two years at a price of $1.20 per share. Funds raised in the financing were used for continued exploration on the company’s properties as well as for general working capital purposes.