United Hunter Oil & Gas Corp. Terminates Investment Agreement With Due South Energy, Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 3, 2016) - Further to the press release dated July 27, 2016, United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) (the "Corporation") announces the termination of the exclusive investment agreement (the "Agreement"), whereby the Corporation would have acquired certain assets from Due South Energy Limited ("Due South"), a London, England based energy company that specializes in the development of solar energy projects worldwide.

The common shares of the Corporation are expected to resume trading on the TSX Venture Exchange on August 5, 2016.

The Corporation is in the process of reviewing several oil and gas investment opportunities and will continue to actively pursue investments and joint venture opportunities that are energy related.

About the Corporation

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. These forward-looking statements include, among others, statements with respect to the Corporation's objectives and goals, and strategies to achieve those objectives and goals, as well as statements with respect to the Corporation's beliefs, plans, objectives, expectations, anticipations, estimates and intentions. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made. Except as expressly required by applicable securities laws, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. The Corporation's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR).