Arctic Hunter Announces Farm-Out Agreement to Drill Test Well

ARCTIC HUNTER URANIUM INC.

Suite 501 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2 Telephone: (604) 681-3131 Facsimile: (604) 408-3884

NEWS RELEASE

July 6, 2010 CNSX Trading Symbol: AHU ________________________________________________________________________________________

ARCTIC HUNTER ANNOUNCES FARM-OUT AGREEMENT TO DRILL TEST WELL

Vancouver, B.C. - Arctic Hunter Uranium Inc. (CNSX: AHU) (the “Company”) is pleased to announce it has entered into a farm-out agreement with Western Plains Petroleum Ltd. (TSX-V: WPP). Under the agreement, Arctic Hunter has agreed to spud one test well by July 31, 2010 subject to rig availability, surface access and regulatory approval, on section 6-50-25 W3M in the Lloydminster area of western Saskatchewan. Arctic Hunter will pay 100% of the costs to drill, complete and equip or abandon the test well to earn a 100% working interest before payout subject to a 10% convertible overriding royalty and a 50% working interest after payout, upon conversion of the overriding royalty. Arctic Hunter has no option to drill post-earning wells under the farm-out agreement. The test well, which has been licensed, will be a vertical well and is expected to be spudded in the next 10 days. Western Plains will be the operator of the test well. The Company intends to use the proceeds from its non-brokered flow-through private placement (NR: December 24, 2009) to fund drilling the test well on the Lloydminster property, to incur Canadian Exploration Expenses for the purposes of the Income Tax Act (Canada).

ABOUT ARCTIC HUNTER

Arctic Hunter is Canadian mineral exploration company involved in the acquisition, exploration and development of precious and oil and gas properties. The Company has acquired a 100% interest in a uranium prospect comprised of eight mineral claims of approximately 6,271 hectares, located near Lever Lake, Northwest Territories; the Lever Lake Property was acquired to determine if economic quantities of minerals exist on the property. The Santa Lucia Gold and silver project is located in Sonora, Mexico. The Santa Lucia gold project and property is a large mineral concession, comprised of 9,350 hectares extending about 16.5 km north-south x 11.5 km east-west. The project area contains several styles of precious-metals mineralization including gold and silver. The gold and silver mineralization is associated with epithermal-style veins, silica replacement zones and stockworks. The Company also intends to devote a portion of its corporate efforts to reviewing the assessment and acquisition of additional precious metal and oil and gas exploration properties and will consider any acquisition of good exploration properties if the opportunity to acquire properties of value and interest to the Company arises.

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INVESTOR RELATIONS

Investors are welcomed to contact Andrew Mugridge or Benjamin Curry of Progressive Investor Relations for all corporate updates and shareholder inquiries at (604) 689-2881, or Morgan Brewster, Arctic Hunter Uranium Inc. at (778) 989-2739 or [email protected]

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO Arctic Hunter Uranium Inc.

Tel: (604) 681-3131 Fax: (604) 408-3884

Morgan Brewster, Director Arctic Hunter Uranium Inc.

Tel: (778) 989-2739

Forward-Looking Statements

In the interest of providing the Company's shareholders and potential investors with information regarding the Company, including managements' assessment of the future plans and operations of the Company, certain statements contained in this document constitute forward-looking statements or information (collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “could”, “plan”, “intend”, “should”, “believe”, “outlook”, “potential”, “target” and similar words suggesting future events or future performance. In addition, statements relating to “resources” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the resources described exist in the quantities predicted or estimated and can be profitably produced in the future. In particular, this news release contains, without limitation, forward-looking statements pertaining to the following statements concerning drilling plans as well as other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of operations or performance that may constitute forward-looking statements or information under applicable securities legislation.

With respect to forward-looking statements contained in this document, we have made assumptions regarding, among other things: future capital expenditure levels; oil and gas prices remaining relatively consistent with their current prices, access to the fields, availability of drilling rigs and other equipment, obtaining drilling success consistent with expectations, regulatory approvals being obtained and estimated timelines being met and the actual costs being consistent with estimated costs. Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and

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other forward-looking statements will not occur, which may cause the Company’s actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties are described under “Risk Factors” in the Company’s annual reports available in Canada at www.sedar.com, Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Statements contained in this news release relating to future results, events, and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forwardlooking statements involve known and unknown risks, uncertainties, scheduling, re-scheduling, and other factors which may cause the actual results, performance, estimates, projections, resource potential, interpretations, prognoses, schedules, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such statements. Such factors include, among others, those described in the Company' annual reports available in Canada at www.sedar.com.

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