By Jesus Parlange November 16, 2014
Release Date: December 20, 2011

VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) is pleased to announce that it has entered into a Sub-Participation Agreement with Alberta Star Development Corp. (“Alberta Star”). Under the terms of the agreement, Arctic Hunter has agreed to participate with Alberta Star in the drilling of one test well. Alberta Star holds a 50% working interest in the test well. Western Plains Petroleum Ltd. is the operator. Under the terms of the Sub-Participation Agreement, Arctic Hunter must pay 50% of Alberta Star’s share of the costs to drill, complete and equip or abandon the test well to earn a 25% working interest (being 50% of Alberta Star’s pre-participation 50% working interest) in the well. Arctic Hunter has no option to drill post-earning wells under the Sub-Participation Agreement. Drilling completion and equipping costs for the well are expected to be $300,000 ($75,000 net to Arctic Hunter).

Arctic Hunter and Alberta Star have common directors and officers. The Sub-Participation Agreement has been approved by the independent members of Arctic Hunter’s Board of Directors. The Sub-Participation Agreement is subject to regulatory acceptance.

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.

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

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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