Arctic Hunter Energy Inc. announced that it has negotiated and entered into a non-binding letter of intent for a 25% working interest in a three well heavy oil asset purchase, pursuant to which the company will acquire three (3) fully-equipped heavy oil wells from Brahma Resources Ltd., situated near Maidstone, Saskatchewan for the approximate purchase price of CAD 75,000. The transaction will be subject to final due diligence, a site visit and the usual industry adjustments, such transaction having an anticipated completion date of on or before January 15, 2020.