Mr. Carl Ginn reports

HUNTSMAN EXPLORATION ANNOUNCES $410,000 PRIVATE PLACEMENT

Huntsman Exploration Inc. proposes to undertake a private placement of up to 13,666,666 units of the company at a price of three cents per unit for total gross proceeds of up to $410,000. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from date of issue at a price of five cents per share.

In accordance with the policies of the TSX Venture Exchange, the company is relying on a minimum price exemption in order to issue securities at less than five cents per listed security. As such, the company will not be issuing more than 100 per cent of its issued and outstanding common shares pursuant to the placement.

The gross proceeds from the issuance of the units will be used for: (i) Canadian property costs; (ii) auditor, transfer agent, legal and accounting costs; (iii) office and administration costs; and (iv) general working capital. No more than 10 per cent of funds are proposed to be paid to non-arm's-length parties and none of the funds will be used to pay persons conducting investor relations.

The company may pay finders' fees, comprising cash and non-transferable warrants, in connection with the placement, pursuant to the policies of the TSX Venture Exchange and applicable securities laws. The company anticipates closing of the placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the placement will be subject to applicable regulatory holds expiring four months and one day from date of issue.

We seek Safe Harbor.