By ahadmin October 26, 2010

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Release Date: October 26, 2010

CALGARY, ALBERTA – Arctic Hunter Uranium Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) announces that it has completed and placed on production its previously announced third well located at C14-6-50-25 W3M (“C-14”) (NR October 15 ,2010). The initial production rate from the C-14 well, is approximately 90 bbls/d. The C-14 well is offsetting the Company’s producing C11-6-50-W3M (“C-11”) and the C12-6-50-25 W3M (“C-12”) wells and are both producing producing at 80 bbls/d (gross) of heavy oil. Arctic Hunter will hold a 25% interest in both the C-11 well, C-14 wells after payout and the Company has a 50% interest in the C-12 well. Combined production flow from the C-11, C-12 and C-14 wells is approximately 250 bbls/d (gross) of heavy oil. (82.5 bbls/d net after payout to Arctic Hunter). All production from the C11, C-12 and C-14 wells is from the McLaren formation.

Alberta Star originally held a 50% working interest in the C-11 and C-14 wells which form part of the heavy oil assets acquired by Alberta Star on August 6, 2010 from Western Plains Petroleum Ltd. (“Western Plains”). Arctic Hunter Uranium Inc. (“Arctic Hunter”) under a (Participation Agreement (NR October 15, 2010) has agreed to pay 100% of Alberta Star’s share of the cost to drill, complete and equip or abandon the C-11 and C-14 wells to earn a 100% (50% net) interest before payout, reserving to Alberta Star a convertible overriding royalty of 10% until payout. After payout, Alberta Star has the option to convert the 10% gross overriding royalty to a 50% working interest (25% net) in the C-11 and C-14 well spacing units or remain in a gross overriding royalty position. Western Plains is the operator of the C-11, C-12 and C-14 wells.

The C-11and the C-14 wells form part of the Company’s previously announced in-fill drilling program located on section 6-50-25 W3M in Landrose, Saskatchewan. Drilling completion and equipping costs are expected to average $400,000 per well ($200,000 net to Arctic Hunter). The locations of the C-11 and C-14 wells are adjacent to the Company’s successful C12-06-50-25 W3M well which was drilled and completed in July 2010, and which is currently producing approximately 80 bbls/d gross of heavy oil (40 bbls/d net after payout to the Company). The three producing heavy oil wells are located approximately 16 kilomteres east of the border town of Lloydminster, Alberta in the Landrose area of Saskatchewan.
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Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131


Robert Hall, Director
Arctic Hunter Energy Inc.
Tel: (604) 681-3131

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


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