Arctic Hunter Signs Letter of Intent to Acquire up to a 50% Interest IN Rebeico GOLD S.a. de C.v.mexico (Operator of San Javier Flotation Mill) to Obtain Future Production Royalties ____________________________________________________________________________________
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street ∙ Vancouver ∙ British Columbia ∙ V6B 1N2
Telephone: (604) 681-3131
NEWS RELEASE
March 31, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER SIGNS LETTER OF INTENT TO ACQUIRE UP TO A 50% INTEREST IN
REBEICO GOLD S.A. de C.V.MEXICO (OPERATOR OF SAN JAVIER FLOTATION MILL) TO
OBTAIN FUTURE PRODUCTION ROYALTIES
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VANCOUVER, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the
“Company”) is pleased to announce that it has entered into a non-binding letter of intent to acquire up to
a 50% interest in Rebeico Gold S.A. de C.V. the operator of a State owned 100 ton per day flotation mill
situated near the city of Hermosillo in Sonora State, Mexico. The letter of intent will be followed by the
signing of a formal option agreement with Rebeico Gold S.A. de C.V Mexico (“Rebeico Gold”) of
Sonora, Mexico to earn up to a 50% equity interest in Rebeico Gold for USD$500,000. Rebeico Gold
will hold the right to operate the San Javier Mill and accompanying 10 year operational lease and to
receive its share of the proceeds therefrom. The San Javier Mill Project is located within the heart of the
prolific Sierra Madre Gold belt of northern Mexico and is easily accessed by paved high way from the
City of Hermosillo, Mexico. The San Javier Mill is a former working and operational State owned
flotation mill that has serviced the many working gold, copper and silver mines located in this prolific
mining region in the past. The final option agreement is subject to TSX Venture Exchange approval.
Arctic Hunter may acquire up to a 50% equity interest in Rebeico Gold by paying Rebeico Gold the sum
of USD$500,000 in cash as follows:
a) paying Rebeico Gold the sum of USD$ 250,000 in cash to acquire t he initial 30% equity
interest in Rebeico Gold within 30 days of final TSX Exchange Venture acceptance of the
transaction;
b) paying Rebeico Gold, within two years of final TSX Exchange Venture acceptance of the
transaction, the additional sum of USD$250,000 in cash to acquire an additional 20% interest
in Rebeico Gold, giving Arctic Hunter a 50% equity interest in Rebeico Gold and production
royalties derived therefrom.
The acquisition is subject to TSX Venture Exchange acceptance.
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ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas exploration and Mining resource development Company that
identifies, acquires and finances the acquisition, exploration and development of mining and oil and gas
assets primarily situated in Western Canada and Nort h America . The Company is currently a junior
heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. Th e Company is
continually reviewing future production and exploration opportunities , through selective property
acquisitions and identifying low risk exploration drilling activities situated in Canada, the United States,
Mexico and abroad.
The Company has qualified management and has Oil & Gas and Mining teams of professionals seasoned
in production, field exploration and drilling. The Company has the resources and necessary manpower in
place to develop its natural resource and manage its 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
or
Ted Burylo, Director
Arctic Hunter Energy Inc.
Tel: (604) 764-9178
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.