By ahadmin August 16, 2013

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ARCTIC HUNTER ENERGY UNSUCCESSFUL IN ITS GREEK “OPEN DOOR BID” TO EXPLORE IONNINA CONTRACT AREA

Release Date: August 16, 2013

VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) reports that it was not selected as the preferred bidder for the Ionnina contract area under the Greece open-door invitation process for hydrocarbon exploration rights. In July of 2012 the Company submitted a formal application for an “Open Door Bid” for the Ionnina Contract area, a 4,187 sq. km block located onshore in north western Greece, with a Joint Venture Partner. This was considered a highly prospective region of Greece, which is on trend with a number of large hydrocarbon discoveries and producing fields, and is considered geologically similar to other producing areas in the region. The Company’s application for exploration was reviewed by the Hellenic Republic Ministry of Environment Energy and Climate Change. The Greek Government awarded the bid to a consortium consisting of Energean Oil and Hellenic Petroleum.
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ABOUT ARCTIC HUNTER ENERGY

The Company is a Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, exploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production and exploration opportunities through selective property acquisitions and identifying low risk exploration drilling activities.

The Company has qualified management and has an Oil & Gas team of professionals seasoned in field exploration and drilling. The Company has the resources and necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource assets. The Company intends to increase its oil production and reserves through its exploration activities and strategic property acquisitions.
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FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
astar@telus.com

or

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