By ahadmin September 21, 2010

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EARLY WARNING REPORT – UNDER SECTION 5.2 OF NATIONAL INSTRUMENT 62-104

Release Date: September 21, 2010

VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) – Tim Coupland, a director and officer of the Company, has acquired 616,000 common shares of the Company. The 616,000 common shares acquired represent approximately 4.85% of the issued and outstanding shares of the Company on a non-diluted basis. The shares were acquired pursuant to a private placement (450,000 common shares) and through the facilities of the Canadian National Stock Exchange (166,000 common shares), at prices ranging from $0.16 per share to $0.35 per share.

As a result of the foregoing acquisition, Mr. Coupland has direct and indirect control and direction over 2,546,000 common shares of the Company, representing approximately 20.047% of the issued and outstanding shares of the Company on a non-diluted basis, and securities (options and warrants) convertible into 903,500 common shares of the Company, representing approximately 6.64% of the issued and outstanding shares of the Company on a partially diluted basis. Mr. Coupland has direct and indirect control and direction over an aggregate of 3,449,500 securities of the Issuer (common shares and convertible securities) representing approximately 25.36% of the issued and outstanding shares of the Company on a partially diluted basis

The securities acquired will be held for investment purposes. Mr. Coupland may, depending on market and other conditions, increase or decrease his beneficial ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This press release is issued pursuant to National Instrument 62-104, which also requires a report to be filed with the B.C. Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission containing additional information with respect to the foregoing matters.
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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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