Arctic Hunter Announces the Acquisition of the Trans Canada / Dinorwic GOLD Property Situated Near Dryden, Ontario
ARCTIC HUNTER ENERGY INC.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
November 24, 2020 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER ANNOUNCES THE ACQUISITION OF THE TRANS CANADA / DINORWIC GOLD PROPERTY
SITUATED NEAR DRYDEN, ONTARIO
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VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX -V: AHU) (“Arctic Hunter ” or the “ Company”) is
pleased to announce that, further to its news release dated September 30, 2020, it has completed the
acquisition of a 100% interest, subject to a 2% net smelter returns royalty, in the Trans Canada/Dinorwic
Gold Property, by paying $60,000 cash and issuing 4,000,000 common shares of the Company at a
deemed price of $0.16 per common share . The Dinorwic Gold Project is a large district scale gold
property with the potential for the discovery of high- grade gold located near Dryden, Ontario, Canada.
The Trans Canada Project/Dinorwic Gold property is comprised of a 14,880 contigous -hectares. The
property is easily accessible via all -weather-roads, and has easy access to the Trans -Canada Highway,
related power and rail infrastructure, and has a close proximity to several communities, including
Dryden, Ontario. Exploration activities for the entire project area are expected to be fully permitted for
2020-2021.
Commented Tim Coupland, “A fter having worked extensively in many different mineral belts ac ross
Canada, I believe that our new team of highly seasoned and accomplished world -class gold exploration
professionals have truly identified what we feel is an exemplary new gold district. The Trans Canada
Gold property is highly prospective, and more importantly contains all of the key elements that will lead
the team to findi ng and eventually lead to the discovery of high -grade gold in settings that are
geologically similar to the Red Lake greenstone belt. We believe, having historical past gold producers
to the north of our property, that the regional system situated on our property has the potential to be
well endowed with sizeable gold mineralization, similar to that of the Red Lake mining camp and district”.
No finder’s fees were paid in connection with the property acquisition, and all of the securities issued in
connection with the acquisition are subject to a four month hold period ending March 25, 2021.
TRANS CANADA GOLD PROJECT– THE DINORWIC GOLD PROPERTY
The Trans-Canada Gold Property consists of 741 non- surveyed contiguous mineral cell claims totaling
14,880 hectares located within the Kenora Mining Division of Ontario. The property is located within
the Wabigoon Greenstone Belt, which also contains the Thunder Lake Gold deposit and the Goldlund
Gold Deposit. The Property contains a number of large shear zones containing quartz carbonate veins,
pyrite and arsenopyrite, underlain by mafic volcanics with felsic volcanics in the south. There is a large
regional scale iron carbonate alteration within the property, which is considered to be similar to that of
the Red Lake Mining Camp. The regional scale Carbonate alteration within the property associated with
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shear zones within iron -tholeiite are prime targe ts for gold exploration. The property has excellent
access, with the Trans-Canada highway bisecting multiple high priority targets in a north-south direction,
as well as close proximity to the large community of Dryden, Ontario. The property has access t o first
class infrastructure, with close proximity to a number of rail corridors and power lines. A number of gold
exploration targets have been identified within the property based on their association with regional
alteration, known gold showings, shear zones, complex patterns and offsets in the regional magnetic
map as well as spatial association with regional structures that has the potential to be well endowed
with gold mineralization.
Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43 -101, has
reviewed and approved of the technical information disclosed in the news release.
ABOUT ARCTIC HUNTER – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a Canadian Gold and Mineral exploration and Oil & Gas Resource Development Company
that is currently focused on developing its’ District Scale Gold exploration project in Ontario, and
increasing its production capabilities, obtaining potential future oil production revenues. The Company
identifies, acquires and finances the acquisition of gold exploration properties and the ongoing
development of mining and oil and gas assets primarily situated in Canada, a time -honored safe mineral
exploration jurisdiction. The Company is currently reviewing a number of District Scale gold mineral
exploration property opportunities, and identifying low risk exploration opportunities through selective
acquisitions and development of mining exploration assets situated in these favorable resource
jurisdictions. The Company has qualified Senior exploration management and Geological Mining teams
of professionals, seasoned in exploration production, field exploration and drilling. The Company has the
necessary manpower in place to develop its natural resource properties and manage its production
properties. The Company is committed to minimizing risk through the selective property acquisitions, and
responsible exploration and development of mining, and petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.