Mr. Timothy Turner reports

UNITED HUNTER OIL AND GAS CORP. ANNOUNCES SEVERAL RECENT CORPORATE DEVELOPMENTS

United Hunter Oil & Gas Corp.'s shares will be dually listed and traded on the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is the largest of Germany's seven stock exchanges. The corporation's security identification number is A118VK. With the dual listing, the corporation now provides German and European investors the ability to have direct access to participate in the ownership of the corporation.

Timothy Turner, chief executive officer of the corporation, stated: "United Hunter Oil & Gas Corp. is pleased to announce the listing of our shares on the Frankfurt Stock Exchange. United Hunter is in the beginning stages of an aggressive acquisition strategy, and this is attracting an increasing interest in the corporation from several investors in Germany and all across Europe. The cross-listing between the TSX Venture Exchange and the Frankfurt Exchange is in direct response to this investor demand, and it will introduce United Hunter to a wider audience of potential retail and institutional investors. This will certainly improve liquidity, further diversify our current shareholder base, and increase the visibility and awareness of United Hunter within the global investment community."

The corporation, through its United States subsidiary United Hunter Texas LLC (UHT), also has received an extension to its exclusive option agreement with Wilson Operating Company and certain other vendors for the option to purchase 100 per cent of the vendors' oil and gas interests in the Hull Silk Sikes 4,300-foot sand unit (HSS unit) in Archer county, Texas.

The extension agreement provides UHT with an additional 30 days to continue the company's due diligence efforts, thus extending the exclusive option until April 30, 2017. The vendors have also agreed to provide UHT with additional time after this date, if necessary.

UHT will continue to conduct its extensive due diligence activities over the intervening period. The exercise of the option by UHT is still subject to completion of its due diligence, including final negotiation of the adjusted purchase price, UHO board approval, financing and TSX Venture Exchange approval.

Further details will be provided as they become available.

We seek Safe Harbor.