Received by email:

File: '\\doc\emailin\20200228 131916 Attachment 45157100_4_Clean - Press Release - UHO PPM One Million Dollar Private 
--->Placement - Feb 26 2020 (002).DOCX'

 
 
45157100.4
 
45157100.4
United Hunter Oil & Gas Corp.    20 Adelaide Street East, Suite 200   Toronto, ON M5C 2T6



United Hunter Oil & Gas Corp. Announces an Extension to the Current 
Non-Brokered Private Placement 
 
Vancouver, British Columbia - February 28, 2020, United Hunter Oil and Gas Corp. (TSXV: UHO) and Frankfurt (UHO: A118V
--->K) ("United Hunter" or the "Corporation") announces a 30 day extension to its previously announced non-brokered privat
--->e placement to finance its funding commitments pursuant to the previously announced Assignment transaction ("Transacti
--->on") with Texaskew Energy, LLC ("Texaskew").  In order to finance its Transaction commitments, and provide general wor
--->king capital prior to completion of the Transaction, the Corporation will continue to conduct its current private plac
--->ement of units for gross proceeds of up to $1,000,000, subject to a 20% overallotment option exercisable at United Hun
--->ter's discretion and subject to the approval of the TSX Venture Exchange (the "Offering"). Each unit (a "Unit") will b
--->e comprised of one common share and one-half of a common share purchase warrant (each whole such warrant a "Warrant") 
--->at a price of $0.05 per Unit.  Each whole Warrant will entitle the holder to acquire one additional common share of th
--->e Corporation for a period of two years at a price of $0.10, subject to acceleration as more particularly described in
---> the Corporation's December 12, 2019 press release.

The Corporation and Texaskew continue to work towards completion of the Transaction.  The completion of the Transactio
--->n is subject to a number of conditions, including but not limited to completion of business, legal and tax due diligen
--->ce by the parties to the Transaction, receipt of GulfSlope's consent to the Transaction, and the approval of the Trans
--->action by each of the TSXV and the boards of United Hunter and Texaskew.

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.
About GulfSlope Energy
GulfSlope Energy is an independent oil and natural gas company focused on exploring offshore U.S. Gulf of Mexico. To l
--->earn more, visit the GulfSlope Energy website at www.GulfSlope.com.
About Texaskew Energy 
Texaskew Energy (www.Texaskewenergy.com) is a private Houston based energy investment and advisory company focused on 
--->financing, advising and creating energy companies with assets around the world.

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.
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->the proposal to complete the Transaction and associated transactions (including the Offering), including statements re
--->garding the terms and conditions of the Transaction. Although the Corporation believes in light of the experience of i
--->ts officers and directors, current conditions and expected future developments and other factors that have been consid
--->ered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance sh
--->ould not be placed on them because the Corporation can give no assurance that they will prove to be correct. Actual re
--->sults and developments may differ materially from those contemplated by these statements depending on, among other thi
--->ngs, the risks that the parties will not proceed with the Transaction and associated transactions, that the ultimate t
--->erms of the Transaction and associated transactions will differ from those that currently are contemplated, and that t
--->he Transaction and associated transactions will not be successfully completed for any reason (including the failure to
---> obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Transaction
---> may change based on the Corporation's due diligence and the receipt of tax, corporate and securities law advice for t
--->he Corporation, GulfSlope and Texaskew. The statements in this press release are made as of the date of this release. 
--->The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in r
--->espect of the Corporation, GulfSlope, Texaskew, their securities, or their respective financial or operating results (
--->as applicable).