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File: '\\doc\emailin\20200409 184218 Attachment 46030932_2_2020 - 04-09 Press Release - UHO Terminates Texaskew Agreem
--->ent (MT Edits).DOCX'
United Hunter Oil & Gas Corp. 20 Adelaide Street East, Suite 200 Toronto, ON M5C 2T6
United Hunter Oil & Gas Corp. Announces the Mutual Termination of the Proposed Transaction with Texaskew Energy LLC
Vancouver, British Columbia - April 9, 2020, United Hunter Oil and Gas Corp. (TSXV: UHO) and Frankfurt (UHO: A118VK) (
--->"United Hunter" or the "Corporation") announces the mutual agreement to terminate the previously announced assignment
--->agreement (the "Agreement") dated December 9, 2019 with Texaskew Energy, LLC pursuant to which the rights and obligati
--->ons of Texaskew under a project agreement dated November 15, 2019 with GulfSlope Energy, Inc. would have been assigned
---> and transferred to United Hunter.
As a condition precedent to closing pursuant to the Agreement, United Hunter was to conduct a private placement of uni
--->ts for minimum gross proceeds of $1,000,000. This obligation to complete the minimum funding was not accomplished in
--->the time period necessary to complete the transaction and therefore both parties agreed to terminate the Agreement and
---> each release the other from all liabilities and obligations related thereto.
United Hunter will continue its efforts to secure exploration and production asset(s) in the coming weeks and will pro
--->vide updates related to those efforts in due course.
About the Issuer
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienc
--->ed in the oil and gas industry. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX-V: UHO)
--->and Frankfurt Exchange (UHO: A118VK). The Corporation's public filings may be found at http://www.sedar.com.
For additional information, please contact:
Timothy Turner
CEO
(713) 858-3329
info@unitedhunteroil.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release may constitute "forward-looking statements" as such term is used in
---> applicable Canadian and US securities laws. These statements relate to analyses and other information that are based
--->upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Forward-loo
--->king statements are made based on management's beliefs, estimates and opinions on the date the statements are made and
---> the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opi
--->nions or other circumstances should change, except as required by applicable law.
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