Arctic Hunter to Extend Warrants

ARCTIC HUNTER ENERGY INC.

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

NEWS RELEASE

February 16, 2012 TSX-V Trading Symbol: AHU

ARCTIC HUNTER TO EXTEND WARRANTS

Vancouver, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) proposes to extend the expiry date of 1,000,000 share purchase warrants exercisable to purchase one common share of the Company at an exercise price of $0.30 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 3,000,000 share purchase warrants exercisable to purchase one common share of the Company at an exercise price of $0.25 per share from the original expiry date of October 5, 2012 to October 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 fund exploration activities and for working capital purposes.

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO Arctic Hunter Energy Inc.

Tel: (604) 681-3131 Fax: (604) 408-3884 [email protected]

or

Robert Hall, Director Arctic Hunter Energy Inc.

Tel: (604) 488-0860 [email protected]

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.