Energy Hunter Resources Inc.

Completed a private placement of 3.15 million common shares for gross proceeds equal to about $3.15 million of new common equity capital. Offering initially consisted of 2.5 million shares priced at $1 each. Gary C. Evans, chairman and CEO, personally invested 10% in the offering. Increased demand for the offering had it oversubscribed by about 25%, increasing the total gross proceeds from the original $2.5 million. Some of the proceeds were used to acquire two lease acreage blocks in the heart of the Eagle Ford Shale, along the Karnes Condensate Trend, in Karnes County, Texas. Remaining proceeds from the offering will also support general corporate purposes.