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Huntington Announces Proposed Private Placement of Units

Financings

HUNTINGTON EXPLORATION INC.

#1910, 407 2 nd STREET S.W. Calgary, AB T2P 2Y3 T. 587-351-3538 www.huntingtonexploration.ca

Huntington Announces Proposed Private Placement of Units

News Release

Calgary, Alberta - July 18, 2019

Huntington Exploration Inc. (“ HEI " or the “ Company ”) (TSX VENTURE: HEI) announced today that it intends to complete

a non-brokered private placement offering of units (“Units”) at a price of $0.05 per Unit, for gross p roceeds of up to

$500,000 (the “Private Placement”). Each Unit will consist of one common share and one transferable co mmon share

purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of

$0.05 per share for a period of two years from closing.

The closing of the Private Placement is expected to occur on or about July 31, 2019 and is subject to regulatory approval,

including approval of the TSX Venture Exchange. For further details on the Private Placement, please c ontact the

Company. All securities issued in connection with the Private Placement will be subject to a hold period of four months

from the date of closing. The Company intends to us e the proceeds from the Private Placement for gener al and

administrative expenses, to replenish working capit al, to evaluate strategic alternatives and for gene ral corporate

purposes.

HEI is an exploration-focused corporation actively pursuing opportunities in the oil and natural gas b usiness in the

Western Canada sedimentary basin.

On behalf of the Board of Directors:

Bob Verhelst

President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This press release contains certain statements whic h constitute forward-looking statements or informat ion (“forward-

looking statements”), including statements regarding HEI’s business and the proposed Private Placement. Such forward-

looking statements are subject to numerous risks an d uncertainties, some of which are beyond HEI's con trol, including

the impact of general economic conditions, industry conditions, volatility of commodity prices, curren cy fluctuations,

imprecision of reserve estimates, environmental ris ks, operational risks in exploration and developmen t, competition

from other industry participants, the lack of avail ability of qualified personnel or management, stock market volatility

and the ability to access sufficient capital from i nternal and external sources. Although HEI believes that the

HUNTINGTON EXPLORATION INC.

#1910, 407 2 nd STREET S.W. Calgary, AB T2P 2Y3 T. 587-351-3538 www.huntingtonexploration.ca

expectations in its forward-looking statements are reasonable, they are based on factors and assumptio ns concerning

future events which may prove to be inaccurate. Tho se factors and assumptions are based upon currently available

information. Such statements are subject to known a nd unknown risks, uncertainties and other factors t hat could

influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or

implied in the forward looking information. As such , readers are cautioned not to place undue reliance on the forward

looking information, as no assurance can be provide d as to future results, levels of activity or achie vements. The

forward-looking statements contained in this docume nt are made as of the date of this document and, ex cept as

required by applicable law, HEI does not undertake any obligation to publicly update or to revise any of the included

forward-looking statements, whether as a result of new information, future events or otherwise. The fo rward-looking

statements contained in this document are expressly qualified by this cautionary statement.