United Hunter Oil & Gas Corp. has announced the Canadian Business Journal’s mailing of notices and updates regarding meetings and transactions with security holders with Bocana Resources Ltd.

Calgary, Alberta, October 7, 2022 (GLOBE NEWSWIRE) — (TSXV: UHO) United Hunter Oil & Gas Corp.Ltd.” Also “Uho”) today issued a joint information circular (“Round”) and other materials (“meeting materials“) will be mailed to holders of our common stock (“UHO stock“), in connection with the previously announced shareholders’ meeting of UHO (“Shareholder of UHO“) will be held on November 4, 2022 at 10:00 AM Calgary time (“UHO meeting“), approve the merger (“merger“) previously announced and amended as agreed pursuant to the Merger Agreement on March 26, 2021 (“merger agreement“) and Bocana Resources Ltd. (“bokana”). Upon completion of the merger, the resulting issuer will be known as “Bocana Resources Corp.” (“Result issuer“) and the resulting issuer will continue the business of Bocana.

Bocana General Meeting of Shareholders (“bokana shareholder“) will also be held on November 4, 2022 at 10:30 am (Calgary time), immediately following the UHO meeting (“bokana conference“), authorizing the merger on behalf of Bocana’s shareholders.

merger

As previously announced by the Corporation in its March 26, 2021 news release, if the merger is completed, under the terms of the merger:

a) each shareholder of Bocana ordinary shares (“bokana strain“) shall exchange Bocana Shares for common shares in the resulting equity of the Issuer (“Issuer common stock results“) At a deemed price of $0.10 per Bocana Share based on the issuer’s common stock with full payment of 1 share for each Bocana Share held and non-valuable results.

b) Each holder of UHO Shares may share UHO Shares in common stock of the Outcome Issuer on the basis of one fully paid Unvaluable Outcome Issuer Common Share for each 1.6877 UHO Shares currently held. shall be exchanged for shares. The deemed price is approximately $0.06 per UHO Share and $0.10 per resulting Issuer Share.

c) Unpaid UHO options and warrants to purchase common stock shall be exchanged on the same basis as UHO stock.When

d) Unpaid Bocana Warrants to purchase common stock shall be exchanged on the same basis as Bocana stock.

The merger has been approved by our Board of Directors, which has recommended that shareholders vote in favor of the merger.

meeting

UHO meetings will be held in Suite 800, 333 – 7.^th Avenue SW, Caglary, AB, T2P 2Z1, at 10:00 am (Calgary time) November 4, 2022. Shareholders who wish to listen to UHO meetings online can call 1 (844) 511-2074, ID: 223-367-340. Recording date (“Record date“) A general meeting of shareholders was established at the close of business on October 3, 2022. Shareholders on the record date will vote for the merger on the basis of one vote for each UHO share held as of the record date. The Circular contains important and detailed instructions on how to participate in UHO meetings.

A merger would require at least 66 affirmative votes to be approved at the UHO meeting. ^2/3Percentage of votes cast at the general meeting, either directly or by proxy, by holders of UHO shares.

The deadline for UHO stockholders to submit proxies or voting instructions to vote on the Arrangement is November 2, 2022 at 10:00 a.m. (Calgary time).

The Bocana meeting will be held at the same location immediately after the UHO meeting.

Questions or requests for more information regarding voting at UHO meetings should be directed to: [email protected]

Information notice

The circular contains, among other things, information about the merger voting procedure and other background and important information regarding the merger and the merger agreement. Circulars and materials will be mailed to UHO shareholders and will also be available in the following ways:

Under UHO’s SEDAR profile at www.sedar.com.

Questions or requests for more information regarding voting at UHO meetings should be directed to: [email protected]

Securities voting

Registered shareholders wishing to attend UHO meetings may physically attend in Suite 800, 333 – 7.^th You can listen to the conference on Avenue SW, Calgary, AB, T2P 2Z1 or by dialing: 1 (844) 511-2074, ID: 223-367-340. Shareholders who hold securities through a broker or other designee holding the securities (“intermediary“) must follow the instructions provided by the intermediary to vote on the securities.

key date

Important dates for the above items are:

1. November 4, 2022: The UHO meeting will be held at 10:00 am (Calgary time). The Bocana meeting will be held at 10:30 am (Calgary time).
2. Around November 8, 2022: If the merger is approved by both UHO and Bocana shareholders, TSX Venture Exchange (“TSXV“) approves the merger and the continuation of both UHO and Bocana is completed, the procedures set forth in the merger agreement will take place in the order and at the time set forth in the merger agreement.

for more information, please contact:

Foresight Information and Disclaimer

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release. The exchange has never waived the merits of this transaction and has neither approved nor denied the content of this press release.

Certain information contained in this press release may contain forward-looking statements within the meaning of applicable securities laws. “Continue”, “Plan”, “Propose”, “Will”, “Will”, “Believe”, “Expect”, “Position”, “Expect”, “Improve”, ” The use of any of the words “enhance” and similar expressions are intended to identify forward-looking statements. More specifically and without limitation, this document contains forward-looking statements regarding: Stakeholder support for mergers. the anticipated process and timing of the merger; Expected Benefits of the Merger. schedule of meetings; completion of the merger, including obtaining necessary approvals, satisfaction of conditions, and its anticipated timing, including approval of TSXV;

In addition, forward-looking statements or information are based on a number of assumptions, including assumptions regarding the expected timing of the UHO and Bocana meetings and the completion of the merger. However, this may prove to be false and in order to provide his UHO shareholders with a summary of the expected merger timeline and impact on his UHO’s future business, such It is used to make statements and information.

Actual results may differ materially from those projected as a result of events or circumstances. It is the result of established risk factors, other known and unknown risks, uncertainties and other factors, many of which are beyond UHO’s control. Such information may prove to be inaccurate and readers are cautioned that the information may not be suitable for other purposes. Although we believe that our expectations reflected in any statement or information regarding our performance are reasonable, you should not place undue reliance on forward-looking statements.

Readers are cautioned that the preceding list is not exhaustive of all factors and assumptions used. As a result, actual results may differ materially from those anticipated in the forward-looking statements. In addition, the forward-looking statements contained herein are made as of the date hereof and Baring may not rely on any forward-looking statements contained herein as a result of new information, future events or otherwise. undertakes no obligation to publicly update or amend the as may be required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. Securities are not and will not be registered under the U.S. or state securities laws, and unless registered under the U.S. securities laws and applicable state securities laws or exemptions, may be sold in the United States or by any person in the United States. Available from such registrations may not be offered or sold.

Securities referred to herein have not been registered under the United States Securities Act of 1933 (the “1933 Act”) and may not be offered in the United States or in the absence of such registration or to persons in the United States. or never sold. Registration requirements of the 1933 Act.

Not intended for distribution to US Newswire services or for distribution within the United States. Failure to comply with this limitation may violate US securities laws.

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