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Arctic Hunter Reports Voting Results from the 2020 Annual General Meeting

Shareholder Meetings

ARCTIC HUNTER ENERGY INC.

c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8

Telephone: (604) 681-3131

NEWS RELEASE

December 18th, 2020 TSX-V Trading Symbol: AHU

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ARCTIC HUNTER REPORTS VOTING RESULTS FROM THE 2020 ANNUAL GENERAL MEETING

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

pleased to announce the voting results from the Company’s Annual Meeting of shareholders held on

December 18, 2020 (the “Meeting”). A total of 9 ,004,975 common shares were voted in favour of the

election of all director nominees. The percentage of votes cast for each is as follows.

Nominee Total Votes In Favour Percentage of Total Votes Cast

Tim Coupland 9, 004, 975 98.79 %

Lawrence Ilich 9, 004, 975 98.79 %

Gavin Kirk 9, 004, 975 98.79 %

The re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, was

also approved by the shareholders.

At the conclusion of the meeting, the Board appointed Dong Shim to serve as the Company’s Chief

Financial Officer.

TRANS CANADA GOLD PROJECT– THE DINORWIC GOLD PROPERTY

The Company’s current district scale 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 regiona l 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 shear zones within iron- tholeiite are prime

targets 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 to 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.

2

Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined by Nati onal 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 increasing its

production capabilities and 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 si tuated 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

[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.