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ARCTIC HUNTER                                                           AHU
            ARCTIC HUNTER ENERGY INC.
            “A Leader in Canadian Oil and Gas Drilling & Exploration”




                                                                                   TE
                                                                        SUC CESS RA
                                                            EXPLO RATION T
                                           100%                         A
                                                                   DRILLING CHEWAN
                                                                          SKAT
                                                            LAND ROSE, SA      2    01
TSX : AHU                                                               DR ILLING 2




                                               “A - 6” Producing Well
                                                25% Working Interest Partner
                                                     Landrose, Sask.




                                                                                           Section (A-6)-50-26 W3M




                                              “C - 12” Producing Well
                                                50% Working Interest Partner
                                                     Landrose, Sask.




                                                                                          Section (C-12)-6-50-25 W3M




                                              “C - 14” Producing Well
                                                25% Working Interest Partner
                                                     Landrose, Sask.




                                                                                          Section (C-14)-6-50-25 W3M
“Technology, Expertise and Heavy Oil Production.”




                                                                                                                                        C - 12 Producing Well
                                                                                                                                       50% Working Interest Partner


ABOUT ARCTIC HUNTER
The Company is a Canadian resource exploration and development Company that is involved in the acquisition, exploration and development of oil and gas properties in
North America. The Company is an Vancouver based, junior heavy oil producer with interests located in the Lloydminster area of west-central Saskatchewan. The Company
is currently producing in aggregate at an average rate of 100 bbls/d gross of heavy oil from its three wells (5) on its Landrose, Saskatchewan heavy oil property (32 bbls/d
net after payout to the Company). The Company has plans to continue growing its current daily production base, and plans on maximizing future production growth, by
implementing a series of strategic property acquisitions and increasing its proposed exploration drilling activities proposed for 2012. The Company also intends to devote a
large portion of its corporate efforts to reviewing the assessment and acquisition of additional oil and gas exploration properties, which is expected to fuel the Company’s
coming production growth plans and continued growth in the oil and gas sector 2012.


The Company maintains a strong balance sheet and has a qualified management team in exploration drilling, well operations and has access to the necessary manpower to
develop its production properties. The Company and its management is committed to creating long term shareholder value, by increasing and selecting additional strategic
oil and gas properties for exploration and development.

 Management:           Tim Coupland, B.A.
                                                                    Head Office:
                       President and Chief Executive Officer
                                                                    Address:               501 - 675 West Hastings Street
                       Robert Hall, B.Ed.                                                  Vancouver, BC
                       Director and Corporate Development                                  Canada V6B 1N2

                       Edward Burylo,                               Telephone:             (604) 681-3131
                       Director                                                            (604) 488-0860

                       Gordon Steblin, B.Comm., CGA,                Fax:                   (604) 408-3884
                       Chief Financial Officer
                                                                    Email:                 astar@telus.net
 Technical Team:       D.B. Finn, P.Geo.,
                       Chief Geologist

                       David Forrest, Operator                      Transfer Agent:        Computershare Investor Services Inc.
                       Western Plains Petroleum Ltd. - Working
                       Interest Partner and Operator                Auditor:               Dale Matheson Carr-Hilton Labonte LLP

                       Curtis Thiessen, Production Operator         Legal Counsel:         Morton & Company, Vancouver BC
                       Operations Field Manager & Operator of
                       Production Wells




                  “Best-In-Class” Heavy Oil People - Unlocking Value Through Production
ARCTIC HUNTER
                                                            ARCTIC HUNTER ENERGY INC.
                                                            “A Leader in Canadian Oil and Gas Drilling & Exploration”

    Reader Advisory

Certain statements contained in this Presentation constitutes forward-looking statements. These statements relate to future events or the Company’s future performance. All
statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such
as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”,
“believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this Presentation should
not be unduly relied upon. These statements speak only as of the date of this Presentation or as of the date specified in the Report, as the case may be.

Forward-looking statements are included throughout this Presentation Report. In particular, this Report contains forward-looking statements pertaining to the following:
   • the quantity and quality of reserves or resources;
   • the performance characteristics of the Company’s oil and gas properties;
   • oil and natural gas production levels;
   • capital expenditure programs and the timing and method of financing thereof;
   • future development and exploration activities and the timing thereof;
   • future land expiries;
   • estimated future contractual obligations and the amount expected to be incurred under our farm-in commitments;
   • realization of the anticipated benefits of acquisitions and dispositions;
   • future liquidity and financial capacity;
   • projections of market prices and costs;
   • supply and demand for oil and natural gas;
   • expectations regarding the Company’s ability to raise capital and to continually add to reserves through acquisitions and development;
   • expectations relating to the award of exploration permits by governmental authorities; and
   • treatment under government regulatory and taxation regimes.

With respect to forward-looking statements contained in the Report certain assumptions have been made including:
   • oil and natural gas production levels;
   • commodity prices;
   • future currency and interest rates;
   • future operating costs;
   • the Company’s ability to generate sufficient cash flow from operations and to access existing credit facilities and capital markets to meet its future obligations;
   • availability of labour and drilling equipment;
   • general economic and financial market conditions; and
   • government regulation in the areas of taxation, royalty rates and environmental protection.

The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below:
    • volatility in market prices for oil and natural gas;
    • liabilities and risks inherent in oil and natural gas operations;
    • uncertainties associated with estimating oil and gas reserves;
    • competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel;
    • incorrect assessments of the value of acquisitions;
    • imprecision in estimating capital expenditures and operating expenses;
    • availability of sufficient financial resources to fund the Company’s capital expenditures;
                                                                                   • the possibility that government policies or laws, including those related to the environment, may
                                                                              change or governmental approvals may be delayed or withheld;
                                                                                   • stock market volatility and market valuation;
                                                                                   • potential delays or changes with respect to exploration and development projects or capital
                                                                              expenditures;
                                                                                   • geological, technical, drilling and processing problems;
                                                                                   • fluctuations in foreign exchange or interest rates and stock market volatility;
                                                                                   • general economic and business conditions;
                                                                                   • changes in income tax laws or changes in tax laws and incentive programs relating to the oil and
                                                                              gas industry;
                                                                                   • failure to obtain industry partner and other third party consents and approvals, as and when
                                                                              required;
JUNIOR OIL PRODUCER                                                                                                          TSX : AHU

Continue ... Reader Advisory

    • failure to realize the anticipated benefits of acquisitions; and
    • the other factors identified in other documents incorporated herein by reference.

These factors should not be considered exhaustive. Statements relating to “reserves” or “resources” are deemed to be forward-looking statements, as they involve the implied
assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. The forward-looking statements
contained in this Presentation are expressly qualified by this cautionary statement. The Company does not undertake any obligation to publicly update or revise any forward-
looking statements except as required by securities laws.

All oil and gas information contained in this Presentation, has been prepared and presented in accordance with National Instrument 51-101. The actual oil and gas reserves and
future production will be greater than or less than the estimates provided herein. The estimated value of future net revenue from the production of the disclosed oil and gas
reserves does not represent the fair market value of these reserves. There is no assurance that the forecast prices and costs or other assumptions made in connection with the
reserves disclosed herein will be attained and variances could be material. The estimates of reserves and future net revenue for individual properties may not reflect the same
confidence level as estimates of revenue and future net revenue for all properties, due to the effects of aggregation.

The Company cautions that the foregoing list of material factors is not exhaustive, is subject to change and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors. When relying on the Company’s forward-looking information to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking
information to differ materially from actual results or events. The forward-looking statements contained in this Presentation are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.

Definitions
    “Developed Non-Producing” reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of
resumption of production is unknown.
    “Developed Producing” reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be
currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.
    “Gross Reserves” are working interest (operating or non-operating) shares before deducting royalties and without including any royalty interests.
    “Net Reserves” are working interest (operating or non-operating) shares after deduction of royalty obligations, plus royalty interests in reserves.
    “Probable” reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will
be greater or less than the sum of the estimated proved plus probable reserves.
    “Proved” reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will
exceed the estimated proved reserves.
    “Undeveloped” reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a
well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

    ABBREVIATIONS

    Oil and Natural Gas Liquids                         Natural Gas
    Bbl             barrel                                    MMcf million cubic feet
    Mbbls           thousand barrels                          MMBtu       million British Thermal Units
    MSTB            thousands of Stock Tank Barrels

    boe              barrel of oil equivalent of natural gas and crude oil on the basis of 1 Bbl of crude oil for 6 Mcf of natural gas (this conversion factor is an industry accepted norm
              and is not based on either energy content or current prices)

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Arctic Hunter Energy (TSX.V - AHU) Fact Sheet

  • 1. ARCTIC HUNTER AHU ARCTIC HUNTER ENERGY INC. “A Leader in Canadian Oil and Gas Drilling & Exploration” TE SUC CESS RA EXPLO RATION T 100% A DRILLING CHEWAN SKAT LAND ROSE, SA 2 01 TSX : AHU DR ILLING 2 “A - 6” Producing Well 25% Working Interest Partner Landrose, Sask. Section (A-6)-50-26 W3M “C - 12” Producing Well 50% Working Interest Partner Landrose, Sask. Section (C-12)-6-50-25 W3M “C - 14” Producing Well 25% Working Interest Partner Landrose, Sask. Section (C-14)-6-50-25 W3M
  • 2. “Technology, Expertise and Heavy Oil Production.” C - 12 Producing Well 50% Working Interest Partner ABOUT ARCTIC HUNTER The Company is a Canadian resource exploration and development Company that is involved in the acquisition, exploration and development of oil and gas properties in North America. The Company is an Vancouver based, junior heavy oil producer with interests located in the Lloydminster area of west-central Saskatchewan. The Company is currently producing in aggregate at an average rate of 100 bbls/d gross of heavy oil from its three wells (5) on its Landrose, Saskatchewan heavy oil property (32 bbls/d net after payout to the Company). The Company has plans to continue growing its current daily production base, and plans on maximizing future production growth, by implementing a series of strategic property acquisitions and increasing its proposed exploration drilling activities proposed for 2012. The Company also intends to devote a large portion of its corporate efforts to reviewing the assessment and acquisition of additional oil and gas exploration properties, which is expected to fuel the Company’s coming production growth plans and continued growth in the oil and gas sector 2012. The Company maintains a strong balance sheet and has a qualified management team in exploration drilling, well operations and has access to the necessary manpower to develop its production properties. The Company and its management is committed to creating long term shareholder value, by increasing and selecting additional strategic oil and gas properties for exploration and development. Management: Tim Coupland, B.A. Head Office: President and Chief Executive Officer Address: 501 - 675 West Hastings Street Robert Hall, B.Ed. Vancouver, BC Director and Corporate Development Canada V6B 1N2 Edward Burylo, Telephone: (604) 681-3131 Director (604) 488-0860 Gordon Steblin, B.Comm., CGA, Fax: (604) 408-3884 Chief Financial Officer Email: astar@telus.net Technical Team: D.B. Finn, P.Geo., Chief Geologist David Forrest, Operator Transfer Agent: Computershare Investor Services Inc. Western Plains Petroleum Ltd. - Working Interest Partner and Operator Auditor: Dale Matheson Carr-Hilton Labonte LLP Curtis Thiessen, Production Operator Legal Counsel: Morton & Company, Vancouver BC Operations Field Manager & Operator of Production Wells “Best-In-Class” Heavy Oil People - Unlocking Value Through Production
  • 3. ARCTIC HUNTER ARCTIC HUNTER ENERGY INC. “A Leader in Canadian Oil and Gas Drilling & Exploration” Reader Advisory Certain statements contained in this Presentation constitutes forward-looking statements. These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this Presentation should not be unduly relied upon. These statements speak only as of the date of this Presentation or as of the date specified in the Report, as the case may be. Forward-looking statements are included throughout this Presentation Report. In particular, this Report contains forward-looking statements pertaining to the following: • the quantity and quality of reserves or resources; • the performance characteristics of the Company’s oil and gas properties; • oil and natural gas production levels; • capital expenditure programs and the timing and method of financing thereof; • future development and exploration activities and the timing thereof; • future land expiries; • estimated future contractual obligations and the amount expected to be incurred under our farm-in commitments; • realization of the anticipated benefits of acquisitions and dispositions; • future liquidity and financial capacity; • projections of market prices and costs; • supply and demand for oil and natural gas; • expectations regarding the Company’s ability to raise capital and to continually add to reserves through acquisitions and development; • expectations relating to the award of exploration permits by governmental authorities; and • treatment under government regulatory and taxation regimes. With respect to forward-looking statements contained in the Report certain assumptions have been made including: • oil and natural gas production levels; • commodity prices; • future currency and interest rates; • future operating costs; • the Company’s ability to generate sufficient cash flow from operations and to access existing credit facilities and capital markets to meet its future obligations; • availability of labour and drilling equipment; • general economic and financial market conditions; and • government regulation in the areas of taxation, royalty rates and environmental protection. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below: • volatility in market prices for oil and natural gas; • liabilities and risks inherent in oil and natural gas operations; • uncertainties associated with estimating oil and gas reserves; • competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; • incorrect assessments of the value of acquisitions; • imprecision in estimating capital expenditures and operating expenses; • availability of sufficient financial resources to fund the Company’s capital expenditures; • the possibility that government policies or laws, including those related to the environment, may change or governmental approvals may be delayed or withheld; • stock market volatility and market valuation; • potential delays or changes with respect to exploration and development projects or capital expenditures; • geological, technical, drilling and processing problems; • fluctuations in foreign exchange or interest rates and stock market volatility; • general economic and business conditions; • changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; • failure to obtain industry partner and other third party consents and approvals, as and when required;
  • 4. JUNIOR OIL PRODUCER TSX : AHU Continue ... Reader Advisory • failure to realize the anticipated benefits of acquisitions; and • the other factors identified in other documents incorporated herein by reference. These factors should not be considered exhaustive. Statements relating to “reserves” or “resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement. The Company does not undertake any obligation to publicly update or revise any forward- looking statements except as required by securities laws. All oil and gas information contained in this Presentation, has been prepared and presented in accordance with National Instrument 51-101. The actual oil and gas reserves and future production will be greater than or less than the estimates provided herein. The estimated value of future net revenue from the production of the disclosed oil and gas reserves does not represent the fair market value of these reserves. There is no assurance that the forecast prices and costs or other assumptions made in connection with the reserves disclosed herein will be attained and variances could be material. The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of revenue and future net revenue for all properties, due to the effects of aggregation. The Company cautions that the foregoing list of material factors is not exhaustive, is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company’s forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. The forward-looking statements contained in this Presentation are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Definitions “Developed Non-Producing” reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown. “Developed Producing” reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty. “Gross Reserves” are working interest (operating or non-operating) shares before deducting royalties and without including any royalty interests. “Net Reserves” are working interest (operating or non-operating) shares after deduction of royalty obligations, plus royalty interests in reserves. “Probable” reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. “Proved” reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. “Undeveloped” reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned. ABBREVIATIONS Oil and Natural Gas Liquids Natural Gas Bbl barrel MMcf million cubic feet Mbbls thousand barrels MMBtu million British Thermal Units MSTB thousands of Stock Tank Barrels boe barrel of oil equivalent of natural gas and crude oil on the basis of 1 Bbl of crude oil for 6 Mcf of natural gas (this conversion factor is an industry accepted norm and is not based on either energy content or current prices)