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Arctic Hunter Announces Grant of Incentive Stock Options

Share Capital & Compensation

ARCTIC HUNTER ENERGY INC.

NEWS RELEASE

August 19, 2020 TSX-V Trading Symbol: AHU

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ARCTIC HUNTER ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

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VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) is pleased to

announce that it has granted incent ive stock options to certain directors , officers, employees and consultants of

the Company to purchase up to an aggregate of 450 ,000 common shares of the Company at a price of $0.14 per

share exercisable for five years from the date of issuance.

ABOUT ARCTIC HUNTER – OIL AND GAS PRODUCTION & MINERAL EXPLORATION

The Company is a Canadian Oil & Gas exploration and m ining resource development Company that is

focused in developing its’ production capabilities, obtaining potential fut ure oil production revenues,

discovering and acquiring advanced gold, silver and copper min eral concessions. The Company

identifies, acquires and finances the acquisition, exploration and development of mining and oil and gas

assets primarily situated in W estern Canada, the United Sta tes and Mexico. The Company is currently

reviewing a number of mineral exploration opportunities, situated in Canada and identifying low risk

exploration opportunities through selective acquisitions and development of mining, petr oleum a nd

natural gas resource assets situated in these favorable resource jurisdictions.

The Company has qualified management and has Oil & Gas and Mining teams of professionals seasoned

in production, field exploration and drilling. The Company has t he necessary manpower in plac e to

develop its natural resource properties and manage its production properties. The Company is committed

to minimizing risk thr ough the sel ective acquisition, exploration and development of pet roleum and

natural gas resource and mining assets.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO

Arctic Hunter Energy Inc.

Tel: (604) 681-3131

[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.