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Arctic Hunter Grants Incentive Stock Options

Share Capital & Compensation

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

January 9, 2012 TSX-V Trading Symbol: AHU

ARCTIC HUNTER GRANTS INCENTIVE STOCK OPTIONS

Vancouver, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) wishes to announce that, subject to regulatory acceptance, it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 525,000 common shares of the Company at a price of $0.10 per share exercisable until January 9, 2015.

ABOUT ARCTIC HUNTER

The Company is Canadian resource exploration and development Company that is involved in the acquisition, exploration and development of oil and gas properties in Western Canada and in North America. The Company is an Alberta based, junior heavy oil producer. The Company has a growing production base, and is maximizing future production through property acquisitions and its exploration drilling activities.

The Company maintains a strong balance sheet and has a qualified management team in field exploration, drilling and has the necessary manpower to develop, its natural resource and production properties. The Company is committed to creating long term shareholder value through the acquisition, exploration and development of petroleum and natural gas resources 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 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.