Arctic Hunter Completes Private Placement

ARCTIC HUNTER ENERGY INC.

Suite 1610 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2 Telephone: (604) 681-3131

NEWS RELEASE

November 2, 2016 TSX-V Trading Symbol: AHU ______________________________________________________________________________________

ARCTIC HUNTER COMPLETES PRIVATE PLACEMENT

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Vancouver, British Columbia - Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement. The private placement consisted of 700,000 units (the “Units”) at a price of 0.05 per Unit for gross proceeds of $35,000. Each Unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 0.10 per share for a period of two (2) years from the date of issuance. All of the securities issued in connection with the private placement are subject to a four month hold period expiring on March 2, 2017.

ABOUT ARCTIC HUNTER ENERGY

The Company is a Canadian Oil & Gas exploration and development Company that identifies, and finances the acquisition, exploration and development of oil and gas assets primarily situated in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production and exploration opportunities and selective property acquisitions and identifying low risk exploration drilling opportunities situated in Canada, the United States and abroad.

The Company has qualified management and has an Oil & Gas team of professionals seasoned in production, field exploration and drilling. The Company has the resources and necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource assets. The Company intends to increase its oil production and reserves through its exploration activities and strategic property acquisitions.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO Arctic Hunter Energy Inc.

Tel: (604) 681-3131 [email protected]

or

Ted Burylo, Director Arctic Hunter Energy Inc.

Tel: (604) 764-9178

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