UHO United Hunter Oil and Gas Corp

United Hunter Oil and Gas Corp. (TSX VENTURE:UHO) ("UHO" or the "Corporation")
announces that it has implemented the consolidation of its issued and
outstanding common shares (the "Common Shares") previously approved by
shareholders on June 30, 2014. The Corporation is also pleased to announce a
non-brokered private placement (the "Private Placement") of up to 20,000,000
(post-consolidation) Common Shares at a price of $0.05 per Common Share for
gross proceeds of up to $1 million.


Consolidation 

The Common Shares have been consolidated on the basis of one (1)
post-consolidation Common Share for ten (10) pre-consolidation Common Shares
(the "Consolidation"). The Common Shares of the Corporation will commence
trading on the TSX Venture Exchange (the "TSXV") on a consolidated basis at the
opening of markets on July 22, 2014 under the current trading symbol "UHO" and
the new CUSIP number 910624204. The Corporation will not change its name in
connection with the Consolidation. 


Following the Consolidation the Corporation will have approximately 12,030,272
Common Shares issued and outstanding. Any resulting post-consolidation
fractional Common Shares will be rounded up or down to the nearest whole Common
Share and no cash consideration will be paid in lieu of fractional
post-consolidation Common Shares. The Corporation's currently outstanding
options will be adjusted on the same basis with proportional adjustments being
made to exercise prices.


Private Placement

The Private of up to 20,000,000 (post-consolidation) Common Shares at a price of
$0.05 per Common Share for gross proceeds of up to $1,000,000 will be
non-brokered, however, the Company may pay finder's fees in accordance with the
rules and policies of the TSXV. It is expected that the Common Shares offered
under the Private Placement will be eligible under all usual statutes including
RRSPs and TFSAs.


The Private Placement is subject to certain customary conditions, including, but
not limited to, the execution of definitive subscription agreements with
subscribers, and the receipt of all necessary regulatory approvals, including
the approval of the TSXV. Closing of the Private Placement is anticipated to
occur within thirty to forty five days. All securities issued in connection with
the Private Placement will be subject to a statutory hold period of four months
plus one day from the date of completion of the Private Placement in accordance
with applicable securities legislation. It is currently anticipated that certain
insiders of the Corporation may be participating in the Private Placement. 


The net proceeds from the Private Placement will be used for: continuing
expenses associated with the minor use permit application currently being
reviewed by the County and anticipated drilling of the Porter Ranch prospect
near the Huasna Valley, in San Luis Obispo County, California; ongoing legal
expenses associated with the Corporation's interest in the Mankin's Ranch
Prospect in the Huasna Valley (Excelaron should have a decision on the current
appeal within the next 60 days, from there the decision will either go back to
the lower court to be heard on the merits of the case or not); general working
capital and repayment of debt. 


The Private Placement is subject to TSXV approval.

About the Issuer

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 the United States. United Hunter Oil & Gas Corp. is publicly traded
on the TSX Venture Exchange (TSX VENTURE:UHO). 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.


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.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
United Hunter Oil & Gas Corp.
Timothy Turner
CEO
(713) 858-3329
info@unitedhunteroil.com


United Hunter Oil & Gas Corp.
Jeff Ratcliffe
CFO
(778) 987-3925
jratcliffe@unitedhunteroil.com
www.unitedhunteroil.com

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