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| Washington                                                          | 001-01428                | 68-0612191                                   |
|---------------------------------------------------------------------|--------------------------|----------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | Commission      File No. | (I.R.S.      Employer Identification Number) |

| 1611      N. Molter Road, Suite 201  Liberty Lake, WA |   | 99019           |
|-----------------------------------------------------------------|--------|-----------------|
| (Address      of principal executive offices)                   |   | (Zip      Code) |

| SEC      2337 (8-04) | Persons      who potentially are to respond to the collection of information contained      in this form are not required to respond unless the form displays a      currently valid OMB control number. |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM      11. | EXECUTIVE      COMPENSATION |
|---------------|-----------------------------|

| Name(a)                                                  | Year(b) |   | Salary(c) |    |   | Bonus(d) |   |   | StockAwards(e) |   |   | OptionsAwards(f) |   |   | Non-EquityIncentive      Plan Compensation(g) |   |   | Change      in PensionValue      & Non-qualifiedDeferred      CompensationEarnings(h) |   |   | All      OtherCompensation(i) |   |   | Total(j) |   |
|----------------------------------------------------------|---------|--------|-----------|---------|--------|----------|--------|--------|----------------|--------|--------|------------------|--------|--------|-----------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------|--------|--------|-------------------------------|--------|--------|----------|--------|
| Tim      Hunt, Chairman & CEO                        | 2007    |   |      | -       |   |     |   | -      |           |   |   | -                |   |   |                                          | -      |   |                                                                                      |   | -      |                          |   |   | -        |   |   |   | - |   |   |   | - |   |
|                                                     |    |   |      |    |   |     |   |   |           |   |   |             |   |   |                                          |   |   |                                                                                      |   |   |                          |   |   |     |   |   |   |   |   |   |   |   |   |
| Randal      L. Hardy, President                          | 2007    |   | $         | 80,769  |   |     |   | -      |           |   |   | -                |   |   | $                                             | 69,503 |   |                                                                                      |   | -      |                          |   |   | -        |   |   |   | - |   |   | $ | 150,272 |   |
|                                                     |    |   |      |    |   |     |   |   |           |   |   |             |   |   |                                          |   |   |                                                                                      |   |   |                          |   |   |     |   |   |   |   |   |   |   |   |   |
| Matt      Hughes, COO & ExecutiveVice      President | 2007    |   | $         | 120,577 |   |     | $      | 15,000 |           |   | $      | 75,000           |   |   | $                                             | 17,178 |   |                                                                                      |   | -      |                          |   |   | -        |   |   |   | - |   |   | $ | 227,755 |   |

----

|                                                |   | Option      Awards                                           |    | Stock      Awards |                    |
|-----------------------------------------------------|--------|--------------------------------------------------------------|---------|-------------------|-------------------------|
|                                                |   | Number      of Securities UnderlyingUnexercised      Options |    |              |                    |   |   |   | Shares      or Units of Stock HeldThat      have not vested |   |   | Equity      Incentive Plan Awards:Unearned      Shares. Units, orOther      Rights that have not vested |   |
| Name(a)                                             |   | #      Exercisable(b)                                        |    |              | #      Unexercisable(c) |   |   | Equity      IncentivePlan      Awards:Unearned      Options #(d) |   |   | Option      Exercise Price(e) |   | Option      ExpirationDate(f) |   |   | #(g) |   |   | Market      Value(h) |   |   |   | #(i) |   |   | Market      or Payout Value(j) |   |
| Tim      Hunt,Chairman      & CEO               |   |                                                         | 250,000 |              |                    |   | - |   |   |   | - |   |   |   | 0.25 |   | 03/26/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         |    |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Randal      L. Hardy,President                      |   |                                                         | 40,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.20 |   | 07/31/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.20 |   | 07/31/12 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 10,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.34 |   | 07/31/10 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | -       |              |                    |   | 50,000(1) |   |   |   | - |   |   |   | 0.38 |   | 07/31/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 150,000 |              |                    |   | - |   |   |   | - |   |   |   | 0.45 |   | 08/24/12 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.63 |   | 11/02/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 25,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.63 |   | 11/02/12 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | -       |              |                    |   | 25,000(2) |   |   |   | - |   |   |   | 0.63 |   | 11/02/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         |    |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Matt      Hughes,COO                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.25 |   | 12/15/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.25 |   | 12/15/12 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | -       |              |                    |   | 50,000(3) |   |   |   | - |   |   |   | 0.25 |   | 12/15/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.45 |   | 02/01/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | -       |              |                    |   | 50,000(4) |   |   |   | - |   |   |   | 0.45 |   | 09/01/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.63 |   | 11/02/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         |    |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Danilo      Silva,President,Cerro      Cazador S.A. |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.30 |   | 07/31/11 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.30 |   | 01/31/12 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                |   |                                                         | 50,000  |              |                    |   | - |   |   |   | - |   |   |   | 0.60 |   | 01/31/13 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |

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| ITEM      12. | SECURITY      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED      STOCKHOLDER MATTERS |
|---------------|----------------------------------------------------------------------------------------------------------|

| Name      of Person or Group                                                                     | Amount      and Nature of Beneficial Ownership(all      direct unless otherwise noted) | Percentof      Class |
|--------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------|
| Hunt      Family Limited Partnership1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019 | 54,822,467      (1)                                                                    | 82.63%               |

| 1. | Includes      23,525,275 shares owned through the Hunt Family Limited Partnership      (HFLP), 15,648,596 shares that could be issued upon the conversion of a      convertible promissory note to HFLP (including accrued interest) and the      exercise of 15,648,596 common stock purchase warrants that could be issued      and exercised within the next sixty days upon conversion of a convertible      promissory note to HFLP (including accrued interest). Tim Hunt and his      spouse Resa Hunt personally exercise control powers over    HFLP. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   Name      of Person or Group                                                                                               |   | Amount      and Nature of Beneficial Ownership(all      direct unless otherwise noted) |                  |   | Percentof      Class |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|-----------------------|--------|----------------------|--------|
| Tim Hunt – Chairman,      Chief Executive Officer & Director (1)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019 |   |                                                                                   | 29,200,800            |   |                 |   | 59.52 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| William R. Green –      Director(2)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                                  |   |                                                                                   | 1,046,000             |   |                 |   | 3.15 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Gregory B. Lipsker –      Director(3)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                                |   |                                                                                   | 730,000               |   |                 |   | 2.19 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Randal L. Hardy –      Director(4)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                                   |   |                                                                                   | 400,000               |   |                 |   | 1.20 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Eberhard A. Schmidt –      Director(2)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                               |   |                                                                                   | 155,000               |   |                 |   | 0.47 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Alastair H. Summers –      Director(2)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                               |   |                                                                                   |     150,000 |   |                 |   | 0.45 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Michael Mastor(2)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                                                          |   |                                                                                   | 150,000               |   |                 |   | 0.45 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Matthew Hughes – EVP      & COO(5)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                               |   |                                                                                   | 315,000               |   |                 |   | 0.95 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Bryn Harman – Chief      Financial Officer(6)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019                        |   |                                                                                   | 60,000                |   |                 |   | 0.18 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Danilo Silva – President      of Cerro Cazador, S.A.(7)1611      N. Molter Road, Ste 201Liberty      Lake, WA 99019              |   |                                                                                   | 100,000               |   |                 |   | 0.30 | %(8) |
|                                                                                                                                   |   |                                                                                   |                  |   |                 |   |   |   |
| Total      Management Group                                                                                                            |   |                                                                                   | 59,278,442            | *      |                 |   | 64.49 | %(9) |
| *All      executive officers and directors as a group (10 persons)                                                                     |   |                                                                                   |                  |   |                 |   |   |   |

| (1) | Includes      508,700 shares owned jointly owned with Resa Hunt, Tim Hunt’s wife,      291,275 shares owned directly by Tim Hunt and 250,000 shares that could be      issued upon exercise of options within 60 days, 153,000 shares that could      be issued through warrant conversion from a prior private equity sale,      12,106,225 shares owned through the Hunt Family Limited Partnership      (HFLP), 7,945,800 shares that could be issued upon the conversion of a      convertible promissory note to HFLP (including accrued interest) and the      exercise of 7,945,800 common stock purchase warrants that could be issued      and exercised within the next sixty days upon conversion of a convertible      promissory note to HFLP (including accrued interest) . These figures      reflect Tim and Resa Hunt’s 51% ownership in  HFLP. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | includes      150,000 shares that could be issued upon exercise of options within 60      days. |
|-----|-------------------------------------------------------------------------------------------------|

| (3) | includes      250,000 shares that could be issued upon exercise of options within 60      6ays. |
|-----|-------------------------------------------------------------------------------------------------|

| (4) | includes      325,000 shares that could be issued upon exercise of options within 60      days. |
|-----|-------------------------------------------------------------------------------------------------|

| (5) | includes      150,000 shares that could be issued upon exercise of options within 60      days. |
|-----|-------------------------------------------------------------------------------------------------|

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| (6) | includes      60,000 shares that could be issued upon exercise of options within 60      days. |
|-----|------------------------------------------------------------------------------------------------|

| (7) | includes      100,000 shares that could be issued upon exercise of options within 60      days. |
|-----|-------------------------------------------------------------------------------------------------|

| (8) | percentage      calculations noted above assume that only specified individual exercised      its options and/or warrants. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (9) | percentage      calculation is based upon assumption that all executive officers and      directors exercised options and/or warrants and convert outstanding      convertible notes. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      15. | EXHIBITS |
|---------------|----------|

|   | (3)(i) | Articles      of Incorporation (2) |
|--------|--------|------------------------------------|

|   | (3)(ii) | Bylaws      (2) |
|--------|---------|-----------------|

|   | (10) | Material      contracts  (2). |
|--------|------|-----------------------------------------|

|   | (13) | Annual      or quarterly reports, Form 10-Q(2) |
|--------|------|------------------------------------------------|

|   | (14) | Code      of Ethics (2) |
|--------|------|-------------------------|

|   | (14.1) | Code      of Business Conduct and Ethics |
|--------|--------|------------------------------------------|

|   | (14.2) | Code      of Ethics for President, CEO and Senior Financial  Officers |
|--------|--------|-----------------------------------------------------------------------|

|   | (14.3) | Code      of Ethics Financial ReportingOfficers |
|--------|--------|-------------------------------------------------|

|   | (21) | Subsidiaries      of the registrant |
|--------|------|-------------------------------------|

|   | (31) | Rule      13a-14(a)/15d-14(a) Certifications |
|--------|------|----------------------------------------------|

|   | (31)(i) | Certification      of Tim Hunt |
|--------|---------|--------------------------------|

|   | (31)(ii) | Certification      of Bryn Harman |
|--------|----------|-----------------------------------|

|   | (32) | Section      1350 Certifications |
|--------|------|----------------------------------|

|   | (32)(i) | Certification      of Tim Hunt |
|--------|---------|--------------------------------|

|   | (32(ii) | Certification      of Bryn Harman |
|--------|---------|-----------------------------------|

|   | ___________________________ |
|--------|-----------------------------|

|   | (1) | Omitted      Exhibits are not applicable |
|--------|-----|------------------------------------------|

|   | (2) | Incorporated      by reference to previous filing |
|--------|-----|---------------------------------------------------|

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SIGNATURES

|   | HUNTMOUNTAIN      RESOURCES |
|--------|-----------------------------|
|   |                        |   |
|   | By:                         | /s/      Tim Hunt |   |
|   |                        | Tim      Hunt, Chief Executive Officer |
|   |                        | (Principal      Executive Officer) |
|   |                        |   |
|   |                        |   |
|   | By:                         | /s/      Bryn Harman |   |
|   |                        | Bryn      Harman, Chief Financial Officer |
|   |                        | (Principal      Financial Officer) |

| /s/      Tim Hunt           |   | 6/4/08 |   |
|-----------------------------|--------|--------|--------|
| TIM      HUNT               |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      William R. Green   |   | 6/4/08 |   |
| WILLIAM      R. GREEN       |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      Eberhard Schmidt   |   | 6/4/08 |   |
| Eberhard      Schmidt       |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      Alastair Summers   |   | 6/4/08 |   |
| ALASTAIR      SUMMERS       |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      Gregory B. Lipsker |   | 6/4/08 |   |
| GREGORY      B. LIPSKER     |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      Michael Mastor     |   | 6/4/08 |   |
| MICHAEL      MASTOR         |   | Date   |   |
| Director                    |   |   |   |
|                        |   |   |   |
| /s/      Randal Hardy       |   | 6/4/08 |   |
| RANDAL      HARDY           |   | Date   |   |
| Director                    |   |   |   |

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