United Hunter Oil & Gas Corp.

June 28, 2011 14:33 ET

United Hunter Oil & Gas Announces Release of the Environmental Impact Report for the Mankin Ranch Project, California and Updates Its Activities

CALGARY, ALBERTA--(Marketwire - June 28, 2011) -United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) ("UHO" or the "Corporation"), is pleased to announce that the San Luis Obispo County Planning and Building Department has released the Draft Environmental Impact Report (DEIR) on the Mankin Ranch Project (Huasna) in California for a public review period as required by the California Environmental Quality Act. Interested parties can provide comments on the environmental document until August 5th. The comments will then be addressed by the County's consultants creating the Final Environmental Impact Report (FEIR). The FEIR has been tentatively scheduled by the County to be in front of the Planning Commission on November 10th. The FEIR will then be presented to the San Luis Obispo Board of Supervisors for the final ruling on the Project Permit.

The Company has acquired 91 miles of seismic data from ConocoPhilips which is currently being reprocessed and evaluated for additional upside and development of the Porter Ranch leases. This lease consist of a total of 9051 acres within the Huasna Basin, California and are jointly held by Alamo Creek Oil LLC (Alamo) UHO, Mankins Ranch partner Australian Oil Company and CALOG LLC (wholly owned subsidiary of AOC). This lease was last explored in the 1980's by Philips Petroleum Company (PPC) who successfully completed one well and had planned an extensive program for the area. This project was terminated by PPC when they decided to withdraw from California completely.

United Hunter is also very pleased to announce that the Atlee Buffalo 5-20 well, that was placed on production in the 1st quarter of 2011, has produce 1429 barrels of oil and is currently still producing at 27 barrels of oil per day. Due to the success of this well, United Hunter is preparing to complete a number of additional wells in this pool. The additional production from these new wells is anticipated to be producing by the 3rd quarter of 2011.

At Leduc, Alberta, Canada the United Hunter 7-22 well that was completed under the MEC farm-in agreement is currently being tied in and production test results are expected next month.

United Hunter Oil & Gas Corp is a Canadian based corporation with management very experienced in the oil and gas industry and has projects in California. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX VENTURE:UHO). Additional information may be found at http://www.unitedhunteroil.com and the Corporation's public filings may be found at http://www.sedar.com.

Certain statements contained in this press release 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.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, costs and timing of exploration and production development, availability of capital to fund exploration and production development; political, social and other risks inherent in carrying on business in a foreign jurisdiction, the effects of a recessionary economy and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward-looking 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 opinions or other circumstances should change, except as required by applicable law.

This news release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intended" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to the Corporation. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Actual results may differ materially from those currently anticipated. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

The TSX.V Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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