By ahadmin February 16, 2012

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ARCTIC HUNTER TO EXTEND WARRANTS

Release Date: February 16, 2012

Arctic Hunter to extend warrant expiry by one year

Arctic Hunter Energy Inc (C:AHU)
Shares Issued 14,985,000
Last Close 2/14/2012 $0.12
Thursday February 16 2012 – News Release

Mr. Tim Coupland reports

ARCTIC HUNTER TO EXTEND WARRANTS

Arctic Hunter Energy Inc. proposes to extend the expiry date of one million share purchase warrants exercisable to purchase one common share of the company at an exercise price of 30 cents per share from the expiry date of May 14, 2012, to May 14, 2013. The warrants were issued in May, 2008, in connection with a non-brokered private placement financing.

The company also proposes to extend the expiry date of three million share purchase warrants exercisable to purchase one common share of the company at an exercise price of 25 cents per share from the original expiry date of Oct. 5, 2012, to Oct. 5, 2014. The warrants were issued in October, 2009, in connection with a non-brokered private placement financing with an original term of three years.

Proceeds from any exercise of warrants will be used to continue to finance exploration activities and for working capital purposes.

The extension of the warrants is subject to TSX Venture Exchange approval.
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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

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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